Technical Architect — Higher Ed Platforms
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₹25 lakh to ₹37 lakh a year
29 LPA in-hand salary per month (FY 2026-27)
A CTC of 29 LPA (₹29,00,000 a year) gives an estimated in-hand salary of ₹1,96,155 a month under the new tax regime, the default for FY 2026-27. Under the old regime, claiming ₹1,50,000 of 80C savings (your own EPF counts towards it), a ₹25,000 health-insurance premium (80D) and professional tax, it is ₹1,79,968 a month.
Assumptions: basic pay 40% of CTC; employee and employer PF at 12% of basic, capped at the ₹25,000 monthly wage ceiling in force from 17 September 2026; gratuity of 4.81% of basic inside the CTC; professional tax ₹2,400 a year; no variable pay or bonus.
Prepared by Jobiba from the FY 2026-27 tax rules · How we calculate · Updated
29 LPA salary breakup: monthly and yearly
| Component | Monthly | Yearly |
|---|---|---|
| Basic pay | ₹96,667 | ₹11,60,000 |
| HRA (50% of basic) | ₹48,333 | ₹5,80,000 |
| Special allowance | ₹89,019 | ₹10,68,231 |
| Employer PF (inside CTC, not paid to you) | ₹3,000 | ₹36,000 |
| Gratuity (inside CTC, paid when you leave) | ₹4,647 | ₹55,769 |
| CTC | ₹2,41,667 | ₹29,00,000 |
| Gross salary | ₹2,34,019 | ₹28,08,231 |
| Employee PF (deducted) | −₹3,000 | −₹36,000 |
| Professional tax (deducted) | −₹200 | −₹2,400 |
| Income tax + 4% cess, new regime | −₹34,664 | −₹4,15,968 |
| In-hand salary, new regime | ₹1,96,155 | ₹23,53,863 |
| Income tax + cess, old regime example | −₹50,852 | −₹6,10,219 |
| In-hand salary, old regime example | ₹1,79,968 | ₹21,59,616 |
New-regime taxable income: ₹27,33,231 (gross minus the ₹75,000 standard deduction). In hand per week: ₹45,267; per day: ₹6,449.
Old vs new regime: which is better at 29 LPA?
The old regime only wins if your deductions beyond its ₹50,000 standard deduction (80C, 80D, HRA exemption, home-loan interest and similar) exceed about ₹8,00,000 a year. With the example deductions (₹1,77,400), old-regime tax is ₹6,10,219 a year against ₹4,15,968 in the new regime, so the new regime leaves more in hand.
Compare your own deductions in the tax regime comparison tool.
Why sites show different in-hand numbers for 29 LPA
Calculators disagree because they assume different salary structures, not different tax law. Here is the new-regime monthly in-hand for 29 LPA under each common assumption:
| Assumption | In-hand a month |
|---|---|
| Jobiba default: basic 40% of CTC, PF capped at the ₹25,000 wage ceiling | ₹1,96,155 |
| Basic at 50% of CTC (the labour codes count at least half of pay as wages) | ₹1,95,356 |
| PF at 12% of the full basic (no ceiling) | ₹1,81,639 |
| PF capped at the old ₹15,000 ceiling (before 17 September 2026) | ₹1,98,181 |
| Gratuity paid outside the CTC | ₹1,99,353 |
| No PF deducted | ₹2,01,219 |
Since 21 November 2025 the labour codes treat allowances above half of total pay as wages for PF and gratuity, which is why some calculators use 50% basic. Professional tax is a state levy capped at ₹2,500 a year (Article 276(2) of the Constitution); some states do not levy it. Gratuity is usually paid only after five years of continuous service.
Calculate my in-hand
Change the assumptions to match your offer letter. For any CTC above 50 LPA use the CTC to in-hand calculator.
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How we calculate
- Income tax: FY 2026-27 (tax year 1 April 2026 to 31 March 2027 under the Income-tax Act, 2025). New regime slabs nil up to ₹4 lakh, then 5% to 30%; ₹75,000 standard deduction; rebate up to ₹60,000 for taxable income up to ₹12 lakh, with marginal relief just above it.
- Old regime: nil up to ₹2.5 lakh, 5%, 20% and 30% above ₹10 lakh; ₹50,000 standard deduction; rebate up to ₹12,500 for taxable income up to ₹5 lakh.
- 4% health and education cess on the tax. Surcharge (income above ₹50 lakh) is not needed on these pages.
- PF: 12% of basic from you and from the employer, capped at ₹25,000 a month of wages from 17 September 2026 (₹15,000 before).
Sources (checked 22 October 2026):
- Finance Bill 2026 memorandum: rates of tax for FY 2026-27
- Budget 2025-26 speech, annexure to Part B: rebate up to ₹12 lakh, worked examples
- Income-tax Act, 2025, section 19: standard deduction
- Income-tax Act, 2025, section 156: rebate and marginal relief
- EPF wage ceiling ₹25,000 from 17 September 2026 (S.O. 5109(E))
This is an estimate. Your payslip depends on your employer's exact structure, your state's professional tax and your other income.
29 LPA in-hand salary: questions
What is the in-hand salary for 29 LPA?
About ₹1,96,155 a month under the new tax regime, the default for FY 2026-27. Under the old regime it is about ₹1,79,968 a month when you claim ₹1,50,000 of 80C savings and a ₹25,000 health-insurance premium. Both assume basic pay at 40% of CTC, PF capped at the ₹25,000 wage ceiling, gratuity inside the CTC and ₹2,400 professional tax a year.
Is 29 LPA taxable?
Yes. After the ₹75,000 standard deduction your taxable income is ₹27,33,231; new-regime tax is ₹4,15,968 a year including the 4% cess (₹34,664 a month).
How does PF change the in-hand salary for 29 LPA?
With PF capped at the ₹25,000 wage ceiling you take home about ₹1,96,155 a month and ₹3,000 goes to your PF account. PF at 12% of the full basic leaves about ₹1,81,639; with no PF deducted it is about ₹2,01,219. The PF money is still yours: it builds in your EPF account.
What is 29 LPA in hand per week and per day?
About ₹45,267 a week (annual take-home divided by 52) and ₹6,449 a calendar day (divided by 365), under the new regime.
29 LPA is how much per month?
29 LPA is a CTC of ₹29,00,000 a year, or ₹2,41,667 a month. After employer PF and gratuity leave the CTC, gross pay is ₹2,34,019 a month; in-hand is about ₹1,96,155.
Why is in-hand salary lower than CTC?
CTC is the employer's full cost. It includes the employer's PF contribution and gratuity, which never reach your bank each month. From the gross that remains, your own PF, professional tax and income tax are deducted before salary is paid.