What will be the monthly in hand salary for the salary breakup as shown in the image below

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Income Tax is a curse for people living in India
because we get no returns of the tax we pay and there are N number of taxes on the top of it

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22 L - Gratuity - Ins Premium - EPF - Prof. tax (2400 yearly) ....
so..

22,00,000 - 42,837 - 12784 - 106920 - 2400
= 20,35,059 before income tax

If you do max tax saving of around 5 lakh.... you will have income tax of around 3 lakh

so in hand will be about

1.45 L per month

Enjoy !

likehelpful

Let’s do ctc/15 to get in-hand !!

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For 22 LPA i will get only 1.25 lakhs monthly?

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Yes.. after pf deduction.. effective salary will be 20L so ~1.25 sounds about right

~1.25 lpa

Is employer contribution to pf is mandatory?

Yes..

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