On a ₹45 LPA CTC you take home about ₹2,91,286 a month, or ₹34,95,432 a year: 78% of the CTC. Income tax takes ₹77,714 a month (₹9,32,568 a year), worked out below slab by slab.
New tax regime, FY 2026-27 (slabs unchanged by Budget 2026) · basic 40% of CTC · PF on the ₹25,000 wage ceiling
| Earnings | |
|---|---|
| Basic (40% of CTC) | ₹1,50,000 |
| HRA (50% of basic) | ₹75,000 |
| Special allowance | ₹1,47,000 |
| Gross salary | ₹3,72,000 |
| Deductions | |
| Your PF (12% of basic, up to ₹3,000) | ₹3,000 |
| Income tax (incl. 4% cess) | ₹77,714 |
| In hand | ₹2,91,286 |
Your employer also pays ₹3,000 a month into your PF account. It is part of the ₹3,75,000 monthly CTC but never reaches your bank, which is why the gross salary on the slip is ₹3,72,000 and not the full CTC divided by 12.
| Annual CTC | ₹45,00,000 |
| Less: employer PF for the year (not taxed) | − ₹36,000 |
| Less: standard deduction | − ₹75,000 |
| Taxable income | ₹43,89,000 |
| Slab | Rate | Your income in it | Tax |
|---|---|---|---|
| Up to ₹4,00,000 | 0% | ₹4,00,000 | ₹0 |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹4,00,000 | ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹4,00,000 | ₹40,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹4,00,000 | ₹60,000 |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹4,00,000 | ₹80,000 |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹4,00,000 | ₹1,00,000 |
| Above ₹24,00,000 | 30% | ₹19,89,000 | ₹5,96,700 |
| Tax by the slabs | ₹8,96,700 | ||
Taxable income is ₹31,89,000 over ₹12 lakh, more than the slab tax itself, so neither the rebate nor marginal relief applies and the slab tax stands. The 4% health and education cess adds ₹35,868, for ₹9,32,568 a year — ₹77,714 a month on your slip.
Basic at ₹45 LPA is ₹1,50,000 a month, above the ₹25,000 wage ceiling. Many large employers take PF on the whole basic anyway: then it is ₹18,000 from you and ₹18,000 from them, instead of ₹3,000 each. In hand falls to ₹2,65,966 a month — ₹25,320 less — while ₹30,000 more goes into your PF account every month, and income tax drops to ₹73,034 a month because the employer's larger share is not taxed. The PF line on your offer letter or payslip tells you which one you have.
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| Total CTC | ₹3,75,000 |
| Basic salary | ₹1,50,000 |
| HRA | ₹75,000 |
| Special allowance | ₹1,47,000 |
| Employer PF (capped) | - ₹3,000 |
| Employee PF | - ₹3,000 |
| Tax (incl. cess) | - ₹77,714 |
| In-hand | ₹2,91,286 |
Approximation. New regime, FY 2026-27. Doesn't account for HRA exemption, Sec 80C deductions, or company-specific perks.