India › ₹120,000 per month

₹120,000 per month salary: in-hand after tax (FY 2026–27)

A gross salary of ₹120,000 per month (₹1,440,000 a year) leaves about ₹1,05,255 in hand under the new regime in FY 2026–27, after ₹7,345 a month of income tax, ₹7,200 employee PF and ₹200 professional tax. Old regime with full 80C: ₹96,672.

Your pay

Gross salary (CTC minus employer PF)
₹
Tax regime
Basic salary (% of gross)
Professional tax / yr
Old-regime deductions
80C (incl. PF, max 1.5L)
HRA exempt / other

FY 2026–27 (AY 2027–28): new regime slabs 0–30%, ₹75,000 standard deduction, zero tax up to ₹12 lakh taxable income (rebate), 4% cess. Old regime: ₹50,000 standard deduction, 80C, HRA.

In-hand salary

87.7%Take-home
₹1,05,255
in-hand salary a month
from a gross of ₹1,20,000
Effective tax rate 6.3%Marginal rate 15.6%Total deductions ₹90,540
Income tax 6.1%Professional tax 0.2%Deductions 6.0%Take-home 87.7%
LineMonthlyYearly
Gross pay₹1,20,000₹14,40,000
Income tax (new regime, incl. 4% cess)−₹7,345−₹88,140
Employee PF (12% of basic)−₹7,200−₹86,400
Professional tax−₹200−₹2,400
In-hand salary₹1,05,255₹12,63,060

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