The 14 LPA in hand salary is crucial for everybody who is either considering a new job, getting ready for an interview or just curious about how much money they are going to get at the end of every month. While most companies write their salary as CTC (Cost to Company), the in-hand salary can be different — it is less thanks to deductions such as taxes, PF, etc.
In this post, you will find out how much in-hand salary you will get from 14 LPA package. The language has been kept very simple over here so that everybody can understand this easily.
What Does 14 LPA Mean?
14 LPA is 14 Lakh Rupees Per Annum which Company spends on you in just 1 year. But this is not the salary you actually receive in your bank account.
The amount you receive in your hands after all deductions is your in-hand salary.
In order to understand what is 14 LPA in hand salary, you need to know about the components of a general salary structure.
Common Salary Components in a 14 LPA Package
Further down, the Indian job market also has structures like these. What is included in a 14 LPA package?
- Basic Salary
- House Rent Allowance (HRA)
- Special Allowance
- Provident Fund (PF)
- Professional Tax (if applicable)
- Performance Bonus or Variable Pay
- Income Tax (TDS)
After deducting all these elements, your pay in hand is calculated.
14 LPA Salary Structure Example
Here is roughly how model 14 LPA can be for companies:
| Component | Yearly (Approx) | Monthly (Approx) |
|---|---|---|
| Basic Salary | ₹5,60,000 | ₹46,666 |
| HRA (40% of Basic) | ₹2,24,000 | ₹18,666 |
| Special Allowance | ₹3,56,000 | ₹29,666 |
| Employer PF Contribution | ₹67,200 | ₹5,600 |
| Gratuity Contribution | ₹26,880 | ₹2,240 |
| Performance Bonus / Variable Pay | ₹1,36,000 | Paid yearly |
| Total CTC | ₹14,00,000 | — |
Adjusted slightly for your company, location and role.
Read More: 9 LPA In Hand Salary / 5.5 LPA In Hand Salary / 30 LPA In Hand Salary
Deductions From 14 LPA Salary
To comprehend the 14 LPA in hand salary, here are some average salary deductions.
1. Employee PF Contribution
- 12% of Basic Salary
- Yearly: ₹67,200
- Monthly: ₹5,600
2. Professional Tax
- Approximately ₹200 per month (the amount might differ from state to state)
3. Income Tax (TDS)
Income tax depends on:
- Old Tax Regime or New Tax Regime
- Investments (80C, 80D, etc.)
The New Tax Regime is opted by a majority today, but for few also using that let’s go ahead and calculate the tax impact.
Income Tax Calculation for 14 LPA (New Regime)
Estimated taxable income after PF and standard deduction:
| Particulars | Amount |
|---|---|
| Gross Salary | ₹14,00,000 |
| Standard Deduction | -₹50,000 |
| Employer PF (Not taxable) | -₹67,200 |
| Taxable Income | ₹12,82,800 |
Now calculate tax slab-wise:
- 0–3 lakh: 0
- 3–6 lakh: 5% = ₹15,000
- 6–9 lakh: 10% = ₹30,000
- 9–12 lakh: 15% = ₹45,000
- 12–12.8 lakh: 20% = ₹16,560
Total Income Tax = ₹1,06,560
Add 4% Cess = ₹4,262
Final Yearly Tax = ₹1,10,822
Monthly TDS = approx ₹9,235
Final 14 LPA In Hand Salary (Monthly Take-Home)
Now let’s figure your real take-home.
| Component | Monthly Amount |
|---|---|
| Gross Monthly Salary | ₹91,666 |
| PF Deduction | -₹5,600 |
| Professional Tax | -₹200 |
| Monthly TDS | -₹9,235 |
| Monthly In-Hand Salary | ₹76,631 (Approx) |
So, in fact the 14 LPA in hand salary would be roughly:
₹76,000 to ₹79,000 per month
(Depending on company structure, location & tax regime)
If your company gives you the benefit of higher HRA or lower PF, then your in-hand may increase to a certain extent.
14 LPA In Hand Salary After Bonus
Most companies have a yearly bonus which is included in your CTC.
If your bonus is:
- ₹1,36,000 per year
- Post-tax you may take home approximately 95,000-1,05,000 or so.
It makes you yearly in-hand income more, however it does not alter your monthly salary.
14 LPA In Hand Salary (Yearly Take-Home)
Let’s calculate total yearly take-home.
| Particular | Amount |
|---|---|
| Total CTC | ₹14,00,000 |
| Bonus (Tax Applied) | ₹95,000 (approx received) |
| Yearly Deductions (PF + Tax + PT) | ₹2,34,000 approx |
| Yearly In-Hand Salary | ₹9,61,000 approx |
So, on a 14 LPA package your in hand approx is ₹9.5–10 lakh per annum.
Is 14 LPA a Good Salary in India?
Yes, 14 LPA is a good salary in India for the professionals who are into IT, finance, engineering, consulting and data roles. It provides:
- Tier 1 cities having comfortable lifestyle.
- Higher savings potential
- Better investment options
- Rent in good areas is available for rent
Smart financial planning can help you create long-term wealth easily at 14 LPA.
Factors That Affect 14 LPA In Hand Salary
Your in-hand salary will be based on:
- Tax regime (old or new)
- Investments under 80C
- Location (metro or non-metro)
- PF contribution percentage
- Company salary structure
- HRA exemptions
The same CTC can bring not two employees the same take home amount based on this.
Read More: 50 LPA In Hand Salary / 10 LPA Means
How to Increase Your In-Hand Salary on a 14 LPA Package
Following is how you increase your in-hand salary:
- Choosing the right tax regime
- Using 80C investments
- It is also the hand rather than addition practice-enabled request for raise.
- Reducing voluntary PF (if applicable)
- Using HRA tax exemptions
Very small structural changes are enough to increase the take-home by ₹5,000–₹10,000 a month.
Conclusion
A 14 LPA in hand salaried individual typically has a monthly take home of ₹76,000 to ₹79,000 in the new tax regime. This figure can vary according to bonus, PF and tax deductions. Knowing how your salary is structured will aid you in making better financial plans for your expenses, savings and investments.
14 LPA is a good salary in today’s market.
FAQs
1. What is the 14 LPA in hand salary per month?
A. The monthly in-hand salary is around ₹76,000–₹79,000.
2. Is 14 LPA a good salary in India?
A. Yes, 14 LPA is a good salary in most Indian cities and allows for a comfortable lifestyle.
3. How much tax is deducted from a 14 LPA salary?
A. Around ₹1.10 lakh per year under the new tax regime.
4. How much PF is deducted in a 14 LPA package?
A. Around ₹5,600 per month from the employee side.
5. Does bonus increase in-hand salary?
A. Yes, but only yearly. It does not increase monthly take-home amount.
