23 LPA in-hand salary: how much per month?
23 LPA means a ₹23,00,000 CTC, or ₹1,91,667 a month before deductions. What reaches your bank is ₹1,45,837 to ₹1,62,715 a month in hand under the new tax regime for FY 2026-27, depending on how your PF is deducted. Income tax takes ₹18,020 a month. ₹11,500 a month goes to your PF. The full payslip is below.
Monthly in-hand
₹1,45,837
Annual take-home
₹17,49,945
Income tax a year
₹2,16,240
Under the new regime, after income tax, provident fund and professional tax.
Assumes basic pay at 50% of CTC, HRA at 50% of basic, employer PF and gratuity included in the CTC, provident fund on full basic, and Karnataka professional tax. Change any of these in the calculator, the figures move accordingly. Rules reviewed 5 October 2026.
23 LPA in hand per month: why there is a range
Two people on the same 23 LPA package can take home different amounts. The biggest reason is provident fund: some employers deduct 12% of your full basic pay, others only on the ₹15,000 statutory wage (₹1,800 a month). Variable pay and the tax regime move it too.
| Your situation | In hand a month | Tax a year |
|---|---|---|
| PF on full basic (most common) | ₹1,45,837 | |
| PF of ₹1,800 a month (wage ceiling) | ₹1,62,715 | |
| 10% of CTC paid as yearly bonus | ₹1,33,220 | |
| Old tax regime, no deductions claimed | ₹1,30,286 |
How a 23 LPA CTC is split
Indian offer letters quote cost to company, which bundles in money you never see as cash: your employer's provident fund contribution and the gratuity provision. Here is where a 23 LPA package actually goes.
| Component | Monthly | Annual |
|---|---|---|
| Basic salary | ₹95,833 | ₹11,50,000 |
| House rent allowance | ₹47,917 | ₹5,75,000 |
| Special allowance | ₹31,807 | ₹3,81,685 |
| Employer PF | ₹11,500 | ₹1,38,000 |
| Gratuity | ₹4,610 | ₹55,315 |
| Total CTC | ₹1,91,667 | ₹23,00,000 |
Your monthly payslip on 23 LPA
Gross pay less the three things every salaried Indian sees deducted: provident fund, professional tax and TDS.
| Line item | Monthly |
|---|---|
| Gross salary | ₹1,75,557 |
| Less: employee PF | − ₹11,500 |
| Less: professional tax | − ₹208 |
| Less: income tax (TDS) | − ₹18,020 |
| Net pay credited | ₹1,45,837 |
New regime or old regime on 23 LPA?
Claiming nothing beyond the standard deduction, the new regime leaves you ₹1,86,610 better off at this package. The old regime only wins once your HRA, 80C and 80D claims are large enough to outweigh the new regime's wider slabs.
| New regime | Old regime | |
|---|---|---|
| Taxable income | ₹20,31,690 | ₹19,16,190 |
| Income tax | ₹2,16,240 | ₹4,02,850 |
| Effective tax rate | 10.3% | 19.1% |
| Monthly in-hand | ₹1,45,837 | ₹1,30,286 |
| Annual take-home | ₹17,49,945 | ₹15,63,335 |
Questions about a 23 LPA salary
- 23 LPA means how much per month?
- 23 LPA means a CTC of ₹23,00,000 a year, which is ₹1,91,667 a month before anything is taken off. After the employer's PF and gratuity, your own PF, professional tax and income tax, ₹1,45,837 to ₹1,62,715 reaches your bank each month under the new tax regime for FY 2026-27.
- How much is 23lpa in hand salary per month?
- ₹1,45,837 to ₹1,62,715 a month. The lower figure is with PF at 12% of full basic, the higher with PF on the ₹15,000 wage ceiling (₹1,800 a month). Your employer also puts ₹11,500 a month into your PF, which is part of the CTC but never reaches your bank account.
- How much tax do I pay on 23 LPA?
- ₹2,16,240 a year, or about ₹18,020 a month deducted as TDS, under the new regime. That is an effective rate of 10.3% on your gross salary, against ₹4,02,850 under the old regime before any investment deductions.
- Is 23 LPA a good salary in India?
- That depends on your city, role and experience, which no calculator can judge for you. What it is worth is exact: ₹1,45,837 a month in hand, plus ₹2,76,000 a year building up in your PF.
- Should I pick the new or old regime on a 23 LPA package?
- With no deductions claimed, the new regime wins at 23 LPA, leaving you ₹1,86,610 better off over the year. The old regime only overtakes once your HRA, 80C, 80D and home loan claims grow large enough. The calculator shows you that break-even figure for your own numbers.