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)
₹24 lakh salary: ₹1,55,874 in hand a month
On a CTC of ₹24,00,000 you take home about ₹1,55,874 a month (₹18,70,484 a year) under the new regime, after ₹9,600 PF, ₹200 professional tax and ₹20,878 income tax a month. The new regime saves ₹2,00,620 a year, unless your old-regime deductions add up to more than ₹7,58,196.
Every salary · ₹21 lakh · ₹22 lakh · ₹23 lakh · ₹25 lakh · ₹26 lakh · ₹27 lakh
The ₹24 lakh CTC, month by month
| A year | A month | |
|---|---|---|
| Basic | ₹9,60,000 | ₹80,000 |
| HRA | ₹4,80,000 | ₹40,000 |
| Special allowance | ₹7,98,624 | ₹66,552 |
| Gross pay | ₹22,38,624 | ₹1,86,552 |
| Employer PF (in the CTC, not paid to you) | ₹1,15,200 | ₹9,600 |
| Gratuity (in the CTC, paid when you leave) | ₹46,176 | ₹3,848 |
| Your PF (12% of Basic) | −₹1,15,200 | −₹9,600 |
| Professional tax | −₹2,400 | −₹200 |
| Income tax, new regime | −₹2,50,540 | −₹20,878 |
| In hand | ₹18,70,484 | ₹1,55,874 |
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 ₹24 lakh
| New regime | Old regime | |
|---|---|---|
| Taxable income | ₹21,63,624 | ₹20,71,024 |
| Income tax and cess, a year | ₹2,50,540 | ₹4,51,160 |
| Income tax, a month | ₹20,878 | ₹37,597 |
| In hand, a month | ₹1,55,874 | ₹1,39,155 |
The new regime, by ₹2,00,620 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 ₹7,58,196.
Your own deductions
Questions people ask about a ₹24 lakh salary
What is the in-hand salary on a ₹24 lakh CTC?
About ₹1,55,874 a month under the new regime: ₹1,86,552 of gross pay, less ₹9,600 PF, ₹200 professional tax and ₹20,878 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 ₹24 lakh salary?
₹2,50,540 a year in the new regime (₹20,878 a month, 10.4% of the CTC), and ₹4,51,160 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 ₹24 lakh?
The new regime, by ₹2,00,620 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 ₹7,58,196.
Other salaries: ₹21 lakh · ₹22 lakh · ₹23 lakh · ₹25 lakh · ₹26 lakh · ₹27 lakh · every salary from ₹3 lakh to ₹2 crore
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