32 LPA in-hand pay (FY 2026-27)
A CTC of ₹32 lakh a year works out to about ₹2,00,010 a month in hand under the new tax regime, after PF, professional tax and income tax.
Monthly in-hand salary
₹2,00,010
New regime · ₹24,00,123 a year
- Old regime
- ₹1,83,173 a month
- Income tax (new)
- ₹4,90,277 a year
- Gross pay
- ₹2,53,867 a month
- Your PF
- ₹12,800 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 | ₹32,00,000 | ₹32,00,000 |
| Employer PF | −₹1,53,600 | −₹1,53,600 |
| Gross salary | ₹30,46,400 | ₹30,46,400 |
| Your PF | −₹1,53,600 | −₹1,53,600 |
| Professional tax | −₹2,400 | −₹2,400 |
| Taxable income | ₹29,71,400 | ₹28,44,000 |
| Income tax with cess | −₹4,90,277 | −₹6,92,328 |
| In hand a year | ₹24,00,123 | ₹21,98,072 |
| In hand a month | ₹2,00,010 | ₹1,83,173 |
A month's payslip at 32 LPA
New tax regime divides income tax (TDS) equally over the year.
| Gross pay | ₹2,53,867 |
|---|---|
| Your PF | −₹12,800 |
| Professional tax | −₹200 |
| Income tax (TDS) | −₹40,856 |
| Credited to your bank | ₹2,00,010 |
Professional tax is mostly ₹200 per month (₹300 in one month in some states), with some states not charging it.
How the pay structure affects it
The same ₹32 lakh CTC, but divided another way. See your offer letter for which applies.
| Structure | Regime | In hand a month |
|---|---|---|
| Basic pay 40% of CTC, PF on full basic (the figures above) | New | ₹2,00,010 |
| Basic pay 50% of CTC | New | ₹1,94,609 |
| PF capped at ₹1,800 a month (₹15,000 wage ceiling) | New | ₹2,18,578 |
| Employer PF paid on top of the CTC | New | ₹2,08,817 |
| Gratuity (4.81% of basic) included in the CTC | New | ₹1,96,480 |
| No PF deducted | New | ₹2,21,617 |
| ₹1.5 lakh of 80C (PF included) and ₹25,000 of health insurance (80D) | Old | ₹1,83,823 |
Old or new tax regime?
The new regime gives you more unless deductions beyond PF and the standard deduction (80C investments, health insurance, HRA, home-loan interest) are over about ₹6,48,000 yearly. Above that, the old regime gives you more.