What you take home, and which tax regime wins.
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Old regime or new regime?
Type your CTC to see which regime leaves more in your hand, and whether your deductions can make the old one win.
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Provision-by-provision reference (what each regime allows)
₹23 lakh salary: ₹1,50,522 in hand a month
On a CTC of ₹23,00,000 you take home about ₹1,50,522 a month (₹18,06,258 a year) under the new regime, after ₹9,200 PF, ₹200 professional tax and ₹18,858 income tax a month. The new regime saves ₹1,97,260 a year, unless your old-regime deductions add up to more than ₹7,42,644.
Every salary · ₹20 lakh · ₹21 lakh · ₹22 lakh · ₹24 lakh · ₹25 lakh · ₹26 lakh
The ₹23 lakh CTC, month by month
| A year | A month | |
|---|---|---|
| Basic | ₹9,20,000 | ₹76,667 |
| HRA | ₹4,60,000 | ₹38,333 |
| Special allowance | ₹7,65,348 | ₹63,779 |
| Gross pay | ₹21,45,348 | ₹1,78,779 |
| Employer PF (in the CTC, not paid to you) | ₹1,10,400 | ₹9,200 |
| Gratuity (in the CTC, paid when you leave) | ₹44,252 | ₹3,688 |
| Your PF (12% of Basic) | −₹1,10,400 | −₹9,200 |
| Professional tax | −₹2,400 | −₹200 |
| Income tax, new regime | −₹2,26,290 | −₹18,858 |
| In hand | ₹18,06,258 | ₹1,50,522 |
Basic at 40% of the CTC, HRA half of Basic, employer PF and gratuity inside the CTC, ₹2,400 professional tax, age under 60. Change any of it below or in the in-hand salary calculator.
Old vs new regime at ₹23 lakh
| New regime | Old regime | |
|---|---|---|
| Taxable income | ₹20,70,348 | ₹19,82,548 |
| Income tax and cess, a year | ₹2,26,290 | ₹4,23,550 |
| Income tax, a month | ₹18,858 | ₹35,296 |
| In hand, a month | ₹1,50,522 | ₹1,34,083 |
The new regime, by ₹1,97,260 a year, for most people. The old regime wins only when its deductions (the HRA exemption, 80C including your PF, home-loan interest, health insurance and your own NPS) add up to more than ₹7,42,644.
Your own deductions
Questions people ask about a ₹23 lakh salary
What is the in-hand salary on a ₹23 lakh CTC?
About ₹1,50,522 a month under the new regime: ₹1,78,779 of gross pay, less ₹9,200 PF, ₹200 professional tax and ₹18,858 income tax. That assumes Basic at 40% of the CTC with employer PF and gratuity inside it; a larger Basic means more PF and a little less in hand.
How much income tax is paid on a ₹23 lakh salary?
₹2,26,290 a year in the new regime (₹18,858 a month, 9.8% of the CTC), and ₹4,23,550 in the old regime with no deductions beyond PF. Both include the 4% health and education cess.
Is the old or the new tax regime better for ₹23 lakh?
The new regime, by ₹1,97,260 a year, for most people. The old regime wins only when its deductions (the HRA exemption, 80C including your PF, home-loan interest, health insurance and your own NPS) add up to more than ₹7,42,644.
Other salaries: ₹20 lakh · ₹21 lakh · ₹22 lakh · ₹24 lakh · ₹25 lakh · ₹26 lakh · every salary from ₹3 lakh to ₹2 crore
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