18 LPA In Hand Salary

Complete breakdown of your take-home salary, tax deductions, and monthly earnings for ₹18 LPA CTC.

Monthly In-Hand

₹1,24,331

Yearly Take Home

₹14,91,971

Total Deductions

₹2,21,629

Tax Payable

₹1,32,829

Salary Breakdown

ComponentYearlyMonthly
Basic Salary₹7,20,000₹60,000
House Rent Allowance (HRA)₹3,60,000₹30,000
Special Allowance₹6,33,600₹52,800
Gross Salary₹17,13,600₹1,42,800

Deductions

DeductionYearlyMonthly
PF (Employee Contribution)₹86,400₹7,200
PF (Employer Contribution)₹86,400₹7,200
Professional Tax₹2,400₹200
Income Tax (TDS)₹1,32,829₹11,069
Total Deductions₹2,21,629₹18,469

Tax Calculation Explained

For a salary of ₹18 LPA, your income tax is calculated based on the new tax regime (FY 2026-27):

  • Standard Deduction: ₹75,000
  • Gross Salary (for context): ₹17,13,600
  • Taxable Income: ₹16,38,600 (Gross Salary − ₹75,000)
  • Section 87A: If taxable income ≤ ₹12,00,000, tax is nil under this estimate

Tax Slabs (New Regime, FY 2026-27):

  • Up to ₹4,00,000: 0%
  • ₹4,00,001 – ₹8,00,000: 5%
  • ₹8,00,001 – ₹12,00,000: 10%
  • ₹12,00,001 – ₹16,00,000: 15%
  • ₹16,00,001 – ₹20,00,000: 20%
  • ₹20,00,001 – ₹24,00,000: 25%
  • Above ₹24,00,000: 30%
  • 4% cess on tax amount (when tax is payable)

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Frequently Asked Questions

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Deduction Breakdown

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