21 LPA in-hand pay (FY 2026-27)
A CTC of ₹21 lakh a year works out to about ₹1,41,981 a month in hand under the new tax regime, after PF, professional tax and income tax.
Monthly in-hand salary
₹1,41,981
New regime · ₹17,03,766 a year
- Old regime
- ₹1,26,254 a month
- Income tax (new)
- ₹1,92,234 a year
- Gross pay
- ₹1,66,600 a month
- Your PF
- ₹8,400 a month
Assumes basic pay of 40% of CTC, PF of 12% of basic from you and your employer inside the CTC, ₹2,400 a year of professional tax, no other income and no deductions beyond PF. For a salaried person under 60.
Breakdown for a year
| Per year | New regime | Old regime |
|---|---|---|
| CTC | ₹21,00,000 | ₹21,00,000 |
| Employer PF | −₹1,00,800 | −₹1,00,800 |
| Gross salary | ₹19,99,200 | ₹19,99,200 |
| Your PF | −₹1,00,800 | −₹1,00,800 |
| Professional tax | −₹2,400 | −₹2,400 |
| Taxable income | ₹19,24,200 | ₹18,46,000 |
| Income tax with cess | −₹1,92,234 | −₹3,80,952 |
| In hand a year | ₹17,03,766 | ₹15,15,048 |
| In hand a month | ₹1,41,981 | ₹1,26,254 |
A month's payslip at 21 LPA
New tax regime, with income tax (TDS) spread out evenly across the year.
| Gross pay | ₹1,66,600 |
|---|---|
| Your PF | −₹8,400 |
| Professional tax | −₹200 |
| Income tax (TDS) | −₹16,020 |
| Credited to your bank | ₹1,41,981 |
Professional tax is usually ₹200 monthly (₹300 for one month in certain states), while some states do not charge it.
How salary structure affects it
The same ₹21 lakh CTC can be split in different ways. See your offer letter for details.
| Structure | Regime | In hand a month |
|---|---|---|
| Basic pay 40% of CTC, PF on full basic (the figures above) | New | ₹1,41,981 |
| Basic pay 50% of CTC | New | ₹1,38,217 |
| PF capped at ₹1,800 a month (₹15,000 wage ceiling) | New | ₹1,53,793 |
| Employer PF paid on top of the CTC | New | ₹1,48,525 |
| Gratuity (4.81% of basic) included in the CTC | New | ₹1,39,314 |
| No PF deducted | New | ₹1,56,925 |
| ₹1.5 lakh of 80C (PF included) and ₹25,000 of health insurance (80D) | Old | ₹1,28,183 |
Old or new tax regime?
The new regime gives you more unless your deductions beyond PF and the standard deduction (80C investments, health insurance, HRA, home-loan interest) go over about ₹6,05,000 yearly. Over that, the old regime benefits you more.