₹40 LPA in-hand salary
Rules for FY 2026-27 · Checked 24 October 2026
On a ₹40 lakh CTC you take home about ₹2,56,904 a month in the new tax regime. That is after ₹3,000 PF, ₹200 professional tax and ₹62,213 income tax each month. In the old regime with no deductions it would be ₹2,37,103.
- In hand a month₹2,56,904New regime
- Take-home a year₹30.83L77% of CTC
- Income tax a month₹62,213₹7.47L a year
- PF a month₹6,000You + employer
Monthly salary slip for ₹40 LPA
| Each month | New regime | Old regime |
|---|---|---|
| Basic pay | ₹1,66,667 | ₹1,66,667 |
| HRA and other allowances | ₹1,55,650 | ₹1,55,650 |
| Your PF | − ₹3,000 | − ₹3,000 |
| Professional tax | − ₹200 | − ₹200 |
| Income tax (TDS) | − ₹62,213 | − ₹82,014 |
| In hand | ₹2,56,904 | ₹2,37,103 |
The old regime figure assumes no HRA exemption or investments. With rent and 80C claims it can come out higher; see income tax on a ₹40 lakh salary and the old vs new regime guide.
Where the ₹40 lakh goes in a year
- CTC
- ₹40,00,000
- Employer PF
- − ₹36,000
- Gratuity (paid when you leave)
- − ₹96,200
- Gross salary
- ₹38,67,800
- Your PF
- − ₹36,000
- Professional tax
- − ₹2,400
- Income tax (new regime)
- − ₹7,46,550
- Take-home for the year
- ₹30,82,850
Compared with nearby salaries
Change the assumptions
These figures assume basic pay at 50% of CTC, PF on basic up to the ₹25,000 wage ceiling, gratuity inside the CTC, ₹2,400 professional tax and no bonus. Adjust any of them here:
Under the new regime, after PF, professional tax and income tax.
- ₹30,82,850 a year reaches your bank account: 77% of your CTC.
- Your PF grows by ₹6,000 a month, counting your employer's share.
- Income tax takes ₹62,213 a month.
- Take-home pay₹30,82,850
- Income tax₹7,46,550
- PF (yours + employer)₹72,000
- Gratuity and professional tax₹98,600
Monthly pay slip
- Basic
- ₹1,66,667
- HRA and other allowances
- ₹1,55,650
- Your PF
- − ₹3,000
- Professional tax
- − ₹200
- Income tax (TDS)
- − ₹62,213
- In hand
- ₹2,56,904
Where your CTC goes in a year
- CTC
- ₹40,00,000
- Employer PF
- − ₹36,000
- Gratuity
- − ₹96,200
- Gross salary
- ₹38,67,800
- Your PF
- − ₹36,000
- Professional tax
- − ₹2,400
- Income tax
- − ₹7,46,550
- Take-home for the year
- ₹30,82,850
Frequently asked questions
What is the monthly in-hand salary for 40 LPA?
About ₹2,56,904 a month in the new tax regime for FY 2026-27, assuming basic pay is half the CTC, PF stops at the ₹25,000 wage ceiling and gratuity is part of the CTC. In the old regime with no deductions it is about ₹2,37,103.
How much income tax is deducted on 40 LPA?
About ₹7,46,550 a year, or ₹62,213 a month, in the new regime. The gross salary after employer PF and gratuity is ₹38,67,800.
How much PF is deducted on 40 LPA?
₹3,000 a month from your pay, and the same again from your employer, part of which goes to your pension.