What does this offer pay in hand?
A CTC is not your salary. Take out the employer's PF, gratuity and the variable part, then tax, and see the monthly figure. Then set it beside a public sector bank officer's pay.
The private offer
Result
Private offer, in hand a month₹79,421₹10,73,052 a year in hand, variable included
Public sector bank, in hand a month–
Where the private CTC goes, a year
How to read this
- The split of a CTC is the employer's choice, so basic, PF and gratuity are inputs. Check the offer letter's breakdown and enter its numbers.
- Tax is the new regime with the ₹75,000 standard deduction, nil up to ₹12 lakh of taxable income, and 4% cess, from Income Tax Department, tax slabs and rebate u/s 87A for AY 2026-27 and Income Tax Department, deductions allowable (standard deduction of ₹75,000 in the new regime). Surcharge above ₹50 lakh and the marginal relief just above ₹12 lakh are not applied.
- The public sector figure leaves out the bank's 14% pension contribution, which is money for you but not in hand. A private PF of the same kind is shown in the breakdown.
- Indicative only. Your payroll may differ.