If you have received a package of 24 lpa in hand salary, first of all congratulations. Many people believe that 24 lakh per annum means they will receive 2 lakh every month. But in reality, the in-hand salary is much lower because of PF deductions, TDS, gratuity, professional tax, and other components. In this guide, we will break down the 24 LPA CTC step by step and calculate the exact monthly take home salary in India for 2025.
This article is written in simple language so every student, job seeker, employee, or professional can easily understand how salary works. We will also explain PF, tax deductions, bonus benefits, and provide tips to increase in hand salary.
Let’s begin.
What is LPA, CTC, and In-Hand Salary
Before calculating 24 LPA in hand salary, it is important to understand some basic salary terms.
LPA
LPA means Lakh Per Annum. So 24 LPA means the company is offering a package of 24 lakh in one year.
CTC
CTC means Cost to Company. This includes everything the company spends on you. It covers salary, bonuses, PF contribution, medical insurance, and even training allowances.
In-Hand Salary
In-hand salary is the actual money deposited in your bank account every month after all deductions like PF, income tax, and professional tax.
A simple formula will help:
In-hand salary = CTC minus deductions
This is why many people search online for questions like:
• how much in hand salary for 24 lpa
• what is the in hand salary for 24 lpa
• 24 lpa in hand salary Quora
Let’s calculate it with real numbers.
24 LPA In Hand Salary in 2025: Monthly Breakdown Using New Tax Regime
Most companies have now shifted to the new tax regime. So we will calculate 24 lpa in hand salary per month using the new tax regime 2025.
Step by step calculation
| Salary Component | Yearly Amount |
|---|---|
| Total CTC | ₹24,00,000 |
| Employer PF contribution | ₹93,600 |
| Gratuity | ₹57,600 |
| Group insurance and medical | ₹20,000 |
| Tax payable approx (new regime) | ₹2,40,000 |
| Total deductions approx | ₹4,11,200 |
| Net income after deductions | ₹19,88,800 |
| In-hand salary per month approx | ₹1,65,733 |
So the 24 LPA in hand salary per month is around ₹1.65 lakh.
This is the most accurate number for 24 lpa in hand salary new tax regime 2025.
If your company offers higher bonuses or stock options, the amount will change slightly.
24 LPA In Hand Salary Old Regime Comparison
Some employees still prefer old tax regime because of investments and exemptions.
Approx calculation using old regime:
| Tax Regime | Monthly Take Home |
|---|---|
| New Regime | ₹1,65,733 |
| Old Regime | ₹1,72,500 (if full tax saving investments used) |
If an employee does not invest under 80C 80D HRA etc, new regime gives better results.
24 LPA Salary Structure Example for Easy Understanding
| Salary Head | Monthly | Yearly |
|---|---|---|
| Basic Salary | ₹80,000 | ₹9,60,000 |
| HRA | ₹40,000 | ₹4,80,000 |
| Special Allowance | ₹50,000 | ₹6,00,000 |
| Other Allowances | ₹33,333 | ₹4,00,000 |
| Bonus (variable) | ₹6,667 | ₹80,000 |
| Total CTC | ₹2,00,000 | ₹24,00,000 |
If 24 LPA in Hand Salary Sounds Low, Here is Why
Two major deductions reduce the take home amount:
1. Employees Provident Fund (PF)
12 percent of basic salary goes to PF. It is your own savings, not a loss.
2. Income Tax
The bigger your salary, the higher your tax slab.
Other small deductions include:
• Professional tax
• Insurance premium
• Food card contributions
• Gratuity
This is why CTC 24 LPA in hand salary is much less than 2 lakh per month.
Comparison of In-Hand Salary for Most Common CTC Packages
| CTC Package | In Hand Salary Approx |
|---|---|
| 5 LPA | ₹35,000 to ₹38,000 per month |
| 10 LPA | ₹71,000 to ₹76,000 per month |
| 20 LPA | ₹1,38,000 to ₹1,55,000 per month |
| 24 LPA | ₹1,60,000 to ₹1,72,000 per month |
| 30 LPA | ₹2,10,000 to ₹2,35,000 per month |
These values may vary depending on bonuses, deductions and tax regime.
Industry Wise Example for 24 LPA CTC
| Industry | Monthly In-Hand |
|---|---|
| TCS 24 LPA in hand salary | ₹1.55 to ₹1.62 lakh |
| Product based companies | ₹1.70 to ₹1.80 lakh |
| Fintech | ₹1.75 to ₹1.85 lakh |
| Startups with ESOP | ₹1.60 to ₹1.70 lakh |
Product companies generally provide a better structure with fewer deductions.
Tips to Increase Monthly Take Home Salary
1. Opt for tax saving investments
Invest under 80C, 80D, NPS, ELSS and home loan benefits.
2. Negotiate fixed salary instead of high variable bonus
High variable means uncertainty.
3. Ask for tax free benefits
Food card
Fuel allowance
Phone reimbursement
Internet reimbursement
These increase net take home without tax.
4. Avoid too much PF contribution
Higher PF means more savings but less in hand. You can request normal PF contribution.
5. Choose the best tax regime every year
New tax regime suits high income employees, old regime suits people with high investments.
Final Words: Should You Accept 24 LPA Offer?
A 24 LPA salary is an excellent package in India for 2025. The net 24 LPA in hand salary comes to about 1.6 to 1.72 lakh every month which offers great financial comfort. Understanding how salary structure works helps you compare job offers better and negotiate smartly.
Whether you are a fresher, mid-level employee or a senior professional, knowing your take home salary helps you plan EMIs, investments and long term goals without stress.
Frequently Asked Questions
1. What is the in hand salary for 24 LPA?
Approximately ₹1,65,000 per month under the new tax regime in 2025.
2. Does bonus count in monthly salary for 24 LPA CTC?
No. Bonus is counted in CTC but not added to monthly salary. It is paid yearly or quarterly.
3. Which is better for 24 LPA, old or new tax regime?
New regime is better if you do not invest. Old regime is better if you make full tax saving investments.
4. Is PF compulsory for 24 LPA salary?
Yes, PF is compulsory for employees where basic salary is included, unless company offers an exemption.
5. Does every company provide the same in hand for 24 LPA CTC?
No. Structure varies by industry. Product companies usually pay higher in hand compared to service based companies.
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