24 LPA in Hand Salary: mentioned on the offer is always in CTC (Cost to Company), it’s not what you receive every month in your bank account. There are taxes, provident fund (PF), professional tax, insurance and who knows what all deducted, so the take-home salary is nothing like this.
This is a simplified version and all the informations are exact, correct and updated according to the tax of year 2025.
What Does 24 LPA Mean?
24 LPA what is the amount your company gives you:
₹24,00,000 per year as total CTC.
CTC includes various components such as:
- Basic salary
- HRA (House Rent Allowance)
- Special allowance
- PF (Employer contribution)
- Gratuity
- Bonus or variable pay
- Company insurance
- Other benefits
Your 24 LPA in hand salary is less because CTC comprises of various things you won’t get directly.
How Much Is the In Hand Salary for 24 LPA?
The around 24 LPA in hand salary in India (2025) would be:
₹1,34,000 to ₹1,45,000 per month
This range depends on:
- Tax regime (new vs old)
- PF contribution
- Bonus structure
- City/state (Professional Tax varies)
- Additional benefits like meal card, fuel allowance, etc.
To provide you with the closest estimate, the calculation assumes New Tax Regime which is now default in India until employee opts for it differently.
Standard CTC Breakdown for a 24 LPA Package
Here is a realistic and Practical Salary Structure for 24 LPA (Lakhs Per Annum).
| Component | Annual Amount (₹) | Monthly (₹) |
|---|---|---|
| Basic Salary | 9,60,000 | 80,000 |
| HRA | 4,80,000 | 40,000 |
| Special Allowance | 6,00,000 | 50,000 |
| Employer PF | 57,600 | 4,800 |
| Gratuity | 46,154 | 3,846 |
| Performance Bonus | 2,56,246 | – |
| Total CTC | 24,00,000 | 2,00,000 |
Read More: 9 LPA In Hand Salary / 30 LPA In Hand Salary / 50 LPA In Hand Salary / 5.5 LPA In Hand Salary
Components Included in Monthly In-Hand Salary
24 LPA is considered, when looking for in hand salary and only the following are calculated:
- Basic Salary
- HRA
- Special Allowance
It is not take home every month, employer PF, gratuity and bonus are excluded.
Gross Monthly Salary = ₹80,000 + ₹40,000 + ₹50,000 = ₹1,70,000
All these deductions and from where do they start all this 1,70,000.
Deductions From Salary
You monthly pay will be less the following:
1. Employee PF Contribution
12% of basic salary
= ₹9,600 per month
2. Professional Tax
Applicable in most major states
= ₹200 per month (average assumption)
3. TDS (Income Tax)
This is the biggest deduction.
It varies from tax slab to tax slab and taxable income.
Tax Calculation for 24 LPA
Step 1: Annual Gross Salary
Monthly Gross Salary = ₹1,70,000
Annual Gross Salary:
₹1,70,000 × 12 = ₹20,40,000
Step 2: Standard Deduction
Under the new regime, standard deduction is:
₹50,000
Step 3: Taxable Income
Taxable income =
20,40,000 – 50,000 = 19,90,000
Step 4: Apply Tax Slabs
| Tax Slab | Tax Rate | Amount | Tax Payable |
|---|---|---|---|
| 0–3,00,000 | 0% | 3,00,000 | 0 |
| 3,00,001–6,00,000 | 5% | 3,00,000 | 15,000 |
| 6,00,001–9,00,000 | 10% | 3,00,000 | 30,000 |
| 9,00,001–12,00,000 | 15% | 3,00,000 | 45,000 |
| 12,00,001–15,00,000 | 20% | 3,00,000 | 60,000 |
| Above 15,00,000 | 30% | 4,90,000 | 1,47,000 |
Total Tax Before Cess = ₹2,97,000
Cess @ 4% = ₹11,880
Final Annual Tax = ₹3,08,880
Monthly Tax (TDS) = ₹25,740
Total Monthly Deductions
| Deduction | Amount (₹) |
|---|---|
| Employee PF | 9,600 |
| Professional Tax | 200 |
| TDS | 25,740 |
| Total Deductions | 35,540 |
Final 24 LPA In Hand Salary
In Hand = Gross Salary – Deductions
= 1,70,000 – 35,540
= ₹1,34,460 per month
Therefore, the 24 LPA in hand salary is approximately:
₹1,34,000 to ₹1,35,000 per month
Full Salary Summary Table
| Particulars | Monthly | Annual |
|---|---|---|
| Gross Salary | ₹1,70,000 | ₹20,40,000 |
| Total Deductions | ₹35,540 | ₹4,26,480 |
| In Hand Salary | ₹1,34,460 | ₹16,13,520 |
CTC vs Gross Salary vs In Hand Salary
Understanding the difference helps you plan better.
CTC (Cost to Company)
This is the full amount company spends on you.
CTC includes:
- PF (employer)
- Gratuity
- Bonus
- Insurance
- Allowances
CTC is not equal to your take-home salary.
Gross Salary
Gross salary is:
CTC – (Employer PF + Gratuity + Bonus)
This is your salary before tax and employee PF deductions.
In Hand Salary
In hand salary is:
Gross Salary – Taxes – PF – Professional Tax
This is what you deposit in your bank every month.
Your 24 LPA in Hand Salary is a function of how the employer has put your CTC together.
Bonus Impact on 24 LPA In Hand Salary
A 24 LPA package usually has:
- 1–3 months annual bonus
- 5–20% variable pay
- Performance-based incentive
Bonus is normally paid:
- Quarterly
- Half-yearly
- Annually
In-hand salary remains the same each month as bonus is not a part of monthly salary.
On the month when bonus is paid, TDS is heavily deducted because bonus is taxable.
How To Increase Your In Hand Salary on 24 LPA?
So even if you have got a fixed CTC, here are few ways to increase your inhand salary:
1. Opt for New Tax Regime (usually beneficial)
Saves tax for most professionals.
2. Reduce PF Contribution (if allowed)
Some companies allow PF opt-out.
If you opt in, adding your money to the pension scheme increases it by:
₹9,600 per month
But PF are long-term savings, so choose carefully.
3. Use NPS 80CCD(2)
If your employer also provides NPS contribution from the employer side, then it:
- Reduces your taxable income
- Increases in-hand salary
4. Request Salary Restructuring
You can enhance your in-hand salary by incrementing:
- Special allowance
- Food allowance
- Travel allowance
- LTA (if old regime)
5. Avoid unnecessary insurance deductions
Most employers charge group insurance premium.
If optional, opt out.
Is 24 LPA a Good Salary in India?
Yes, 24 LPA is a very good salary in India.
With a 24 LPA in hand salary of ₹1.34 lakh per month, you can:
- Save ₹50,000–₹70,000 per month
- Maintain a comfortable lifestyle
- Rent a good apartment
- Buy a car
- Build strong investments
- Support family comfortably
This salary allows a strong financial foundation.
Who Usually Gets 24 LPA Packages?
A 24 LPA package is common for:
- Software Engineers (SDE-2 level)
- Data Analysts / Data Scientists
- Cloud Engineers
- Cyber Security Engineers
- Chartered Accountants
- MBA Professionals
- Product Managers
- Senior Sales Managers
This salary is also common in companies like:
- Amazon
- Microsoft
- Google (mid-level)
- TCS Digital
- Infosys Specialist
- Deloitte
- Accenture
Conclusion
24 LPA package is mouth watering, however it would be good for you to know the 24 LPA in hand. After all the deductions, tax and PF, the take home salary would be in the range:
₹1,34,000 to ₹1,35,000 per month
FAQs
1. How much is the in-hand salary for 24 LPA?
A. On average, the 24 LPA in hand salary comes to ₹1.35 lakh to ₹1.55 lakh per month, depending on tax regime, deductions, and company policies.
2. Does the tax regime affect 24 LPA in-hand salary?
A. Yes. Under the new tax regime, in-hand salary is usually higher because it has lower tax slabs. Under the old regime, you can claim deductions, but your tax may still be higher.
3. How much tax do I pay on 24 LPA?
A. Under the new regime, tax (including cess) may range from ₹3.5 lakh to ₹3.8 lakh yearly, depending on exemptions and employer deductions. Under the old regime, it varies based on investments like PF, LIC, NPS, home loan, etc.
4. Is 24 LPA a good salary in India?
A. Yes, 24 LPA is considered a high-income salary in India. It offers excellent financial comfort, especially in cities like Pune, Hyderabad, and Bangalore.
5. How much is 24 LPA in Hand Salary per month?
A. 24 LPA equals ₹2,00,000 per month gross salary before tax and PF deductions.
