24 LPA in-hand salary: how much per month?
24 LPA means a ₹24,00,000 CTC, or ₹2,00,000 a month before deductions. What reaches your bank is ₹1,50,986 to ₹1,68,733 a month in hand under the new tax regime for FY 2026-27, depending on how your PF is deducted. Income tax takes ₹20,004 a month. ₹12,000 a month goes to your PF. The full payslip is below.
Monthly in-hand
₹1,50,986
Annual take-home
₹18,11,730
Income tax a year
₹2,40,050
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.
24 LPA in hand per month: why there is a range
Two people on the same 24 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) | ₹1,50,986 | |
| PF of ₹1,800 a month (wage ceiling) | ₹1,68,733 | |
| 10% of CTC paid as yearly bonus | ₹1,38,211 | |
| Old tax regime, no deductions claimed | ₹1,35,193 |
How a 24 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 24 LPA package actually goes.
| Component | Monthly | Annual |
|---|---|---|
| Basic salary | ₹1,00,000 | ₹12,00,000 |
| House rent allowance | ₹50,000 | ₹6,00,000 |
| Special allowance | ₹33,190 | ₹3,98,280 |
| Employer PF | ₹12,000 | ₹1,44,000 |
| Gratuity | ₹4,810 | ₹57,720 |
| Total CTC | ₹2,00,000 | ₹24,00,000 |
Your monthly payslip on 24 LPA
Gross pay less the three things every salaried Indian sees deducted: provident fund, professional tax and TDS.
| Line item | Monthly |
|---|---|
| Gross salary | ₹1,83,190 |
| Less: employee PF | − ₹12,000 |
| Less: professional tax | − ₹208 |
| Less: income tax (TDS) | − ₹20,004 |
| Net pay credited | ₹1,50,986 |
New regime or old regime on 24 LPA?
Claiming nothing beyond the standard deduction, the new regime leaves you ₹1,89,510 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 | ₹21,23,280 | ₹20,01,780 |
| Income tax | ₹2,40,050 | ₹4,29,560 |
| Effective tax rate | 10.9% | 19.5% |
| Monthly in-hand | ₹1,50,986 | ₹1,35,193 |
| Annual take-home | ₹18,11,730 | ₹16,22,220 |
Questions about a 24 LPA salary
- 24 LPA means how much per month?
- 24 LPA means a CTC of ₹24,00,000 a year, which is ₹2,00,000 a month before anything is taken off. After the employer's PF and gratuity, your own PF, professional tax and income tax, ₹1,50,986 to ₹1,68,733 reaches your bank each month under the new tax regime for FY 2026-27.
- How much is 24lpa in hand salary per month?
- ₹1,50,986 to ₹1,68,733 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 ₹12,000 a month into your PF, which is part of the CTC but never reaches your bank account.
- How much tax do I pay on 24 LPA?
- ₹2,40,050 a year, or about ₹20,004 a month deducted as TDS, under the new regime. That is an effective rate of 10.9% on your gross salary, against ₹4,29,560 under the old regime before any investment deductions.
- Is 24 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: ₹1,50,986 a month in hand, plus ₹2,88,000 a year building up in your PF.
- Should I pick the new or old regime on a 24 LPA package?
- With no deductions claimed, the new regime wins at 24 LPA, leaving you ₹1,89,510 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.