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)
₹32 lakh salary: ₹1,96,480 in hand a month
On a CTC of ₹32,00,000 you take home about ₹1,96,480 a month (₹23,57,762 a year) under the new regime, after ₹12,800 PF, ₹200 professional tax and ₹39,256 income tax a month. The new regime saves ₹2,02,050 a year, unless your old-regime deductions add up to more than ₹7,97,577.
Every salary · ₹28 lakh · ₹29 lakh · ₹30 lakh · ₹35 lakh · ₹40 lakh · ₹45 lakh
The ₹32 lakh CTC, month by month
| A year | A month | |
|---|---|---|
| Basic | ₹12,80,000 | ₹1,06,667 |
| HRA | ₹6,40,000 | ₹53,333 |
| Special allowance | ₹10,64,832 | ₹88,736 |
| Gross pay | ₹29,84,832 | ₹2,48,736 |
| Employer PF (in the CTC, not paid to you) | ₹1,53,600 | ₹12,800 |
| Gratuity (in the CTC, paid when you leave) | ₹61,568 | ₹5,131 |
| Your PF (12% of Basic) | −₹1,53,600 | −₹12,800 |
| Professional tax | −₹2,400 | −₹200 |
| Income tax, new regime | −₹4,71,070 | −₹39,256 |
| In hand | ₹23,57,762 | ₹1,96,480 |
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 ₹32 lakh
| New regime | Old regime | |
|---|---|---|
| Taxable income | ₹29,09,832 | ₹27,82,432 |
| Income tax and cess, a year | ₹4,71,070 | ₹6,73,120 |
| Income tax, a month | ₹39,256 | ₹56,093 |
| In hand, a month | ₹1,96,480 | ₹1,79,643 |
The new regime, by ₹2,02,050 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 ₹7,97,577.
Your own deductions
Questions people ask about a ₹32 lakh salary
What is the in-hand salary on a ₹32 lakh CTC?
About ₹1,96,480 a month under the new regime: ₹2,48,736 of gross pay, less ₹12,800 PF, ₹200 professional tax and ₹39,256 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 ₹32 lakh salary?
₹4,71,070 a year in the new regime (₹39,256 a month, 14.7% of the CTC), and ₹6,73,120 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 ₹32 lakh?
The new regime, by ₹2,02,050 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 ₹7,97,577.
Other salaries: ₹28 lakh · ₹29 lakh · ₹30 lakh · ₹35 lakh · ₹40 lakh · ₹45 lakh · every salary from ₹3 lakh to ₹2 crore
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