Last Updated: 19 August 2025
A 24 LPA in hand salary usually translates to around ₹1.35 – ₹1.45 lakhs per month in hand after deductions like PF, professional tax, and income tax (depending on whether you pick the old or new tax regime).
Disclaimer: The salary breakdowns, tax estimates, and take-home figures are illustrative and may vary based on employer, city, bonus structure, and latest government tax rules. Always consult a qualified tax advisor before making financial decisions.
Quick Salary Stats Table (2025)
| Parameter | Value (Approx.) |
|---|---|
| Annual CTC | ₹24,00,000 |
| Monthly Gross | ₹2,00,000 |
| In-hand (New Regime) | ₹1,40,000 – ₹1,45,000 |
| In-hand (Old Regime) | ₹1,35,000 – ₹1,40,000 |
| Tax Outgo | ₹4.5 – ₹5.5 Lakhs |
| Take-home per Year | ₹16.5 – ₹17.5 Lakhs |
| Monthly in Hand Salary | ₹1.35 – ₹1.45 Lakhs |
What Does 24 LPA Mean?
Let’s decode it in simple English (because HR loves jargon):
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24 LPA in hand salary means you’re promised ₹24,00,000 per year as your CTC.
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But, CTC ≠ Take-Home. Companies include perks, PF, gratuity, and sometimes even imaginary “future benefits.”
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Your real monthly credit (the “SMS from bank” moment) is always lesser.
Storytime: Imagine telling your parents “I got a 24 LPA job!” They’ll assume you’re bringing home ₹2 lakhs every month. But the first payslip arrives, and boom — ₹1.4 lakhs. Welcome to the magic show of corporate India.
24 LPA in Hand Salary (New vs Old Regime)
The 24 LPA in hand salary varies depending on which tax regime you choose.
1. New Tax Regime (2025)
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Zero exemptions, flat slabs, simpler filing.
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Ideal if you don’t have big investments in 80C/80D/80E etc.
Approx Calculation:
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Gross Monthly: ₹2,00,000
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Tax: ~₹4.7 lakhs/year
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Net Take Home: ₹1.4 – ₹1.45 lakhs/month
2. Old Tax Regime
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More complicated, but allows exemptions/deductions.
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Ideal if you invest in ELSS, PPF, NPS, insurance, home loan, etc.
Approx Calculation:
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Tax: ~₹5.2 lakhs/year (if minimal deductions)
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Net Take Home: ₹1.35 – ₹1.40 lakhs/month
Comparison Table – Old vs New Regime at 24 LPA
| Regime | Tax Payable (Approx) | In-hand (per month) | Suitable for |
|---|---|---|---|
| New Regime | ₹4.7 Lakhs | ₹1.40–₹1.45 Lakhs | People with fewer deductions |
| Old Regime | ₹5.2 Lakhs | ₹1.35–₹1.40 Lakhs | Heavy investors in tax-saving instruments |
Expert Insight:
“Don’t blindly pick the New Tax Regime just because it sounds simple. Run both scenarios through a 24 LPA tax calculator with your actual deductions before choosing.”
— CA Ritu Mehra, Tax Consultant, Mumbai
24 LPA Monthly Salary in Hand
So, 24 LPA in hand salary means how much per month?
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Simple division: ₹24,00,000 ÷ 12 = ₹2,00,000 (gross/month).
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After tax & deductions: ~₹1.35–1.45 lakhs/month (in hand).
| Component | Amount (Monthly) |
|---|---|
| Basic Salary | ₹80,000 – ₹90,000 |
| HRA | ₹35,000 – ₹40,000 |
| PF Contribution | ₹10,000 – ₹12,000 |
| Tax Deductions | ₹40,000 – ₹45,000 |
| Net In-hand | ₹1,35,000 – ₹1,45,000 |
Is 24 LPA a Good Salary in India?
Short answer: Yes, it’s excellent.
Long answer: It depends.
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If you live in Tier-2 or Tier-3 cities → You’re a king/queen.
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If you live in Bengaluru, Mumbai, or Gurugram → Rent, EMIs, food delivery, Zomato Gold, and weekend brunches will remind you you’re middle class.
Perspective:
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Average IT engineer salary in India (2025) → ₹6–8 LPA.
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Average household income (urban) → ₹10–12 LPA.
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At 24 LPA, you’re already in the top 5–7% salaried professionals in India.
How to Get a 24 LPA Package?
This is the million-rupee question (literally).
Career Paths That Commonly Offer 24 LPA+
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Top IT/Tech Firms → Product-based companies (Google, Microsoft, Amazon, Adobe).
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Consulting Giants → McKinsey, BCG, Bain.
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Investment Banking/Finance → Goldman Sachs, JP Morgan.
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Niche Skills → Data Science, AI/ML, Cybersecurity.
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Management Roles → Post-MBA (IIMs/ISB).
Insider Tips to Reach 24 LPA in hand salary
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Skill Leverage: AI/ML engineers, cloud architects, and data security experts often cross 24 LPA quickly.
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Networking: Referrals and LinkedIn presence can be worth lakhs.
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Negotiation: First offer ≠ final offer. Don’t leave money on the table.
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Upskill Continuously: Certifications, projects, and real-world impact > just a degree.
Expert Insight:
“Your degree might get you the interview, but your skills and business impact get you the 24 LPA offer letter.” — Ankit Sharma, Ex-HR Head, FAANG Company
Can a Fresher Get 24 LPA?
Yes, but only in special cases.
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IIT/IIM freshers with PPOs in consulting or product roles.
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Coders cracking FAANG hiring rounds.
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Top-tier MBA grads joining investment banks.
For most freshers, starting packages are 6–12 LPA. But with rare skills (quant trading, AI research), 24 LPA+ is possible straight out of campus.
Tax on 24 LPA Salary
This is where the heartbreak begins. 💔
Tax Outgo Breakdown (2025 – New Regime)
| Income Slab | Tax Rate | Tax on 24 LPA |
|---|---|---|
| 0 – 3 Lakhs | 0% | Nil |
| 3 – 7 Lakhs | 5% | ₹20,000 |
| 7 – 10 Lakhs | 10% | ₹30,000 |
| 10 – 12 Lakhs | 15% | ₹30,000 |
| 12 – 15 Lakhs | 20% | ₹60,000 |
| 15 Lakhs+ | 30% | ₹2,70,000 |
| Total Tax Before Cess | — | ₹4,10,000 |
| With Cess (4%) | — | ~₹4,27,000 |
So yes, tax for 24 LPA ≈ ₹4.2–5.2 lakhs annually depending on regime.
24 LPA in Hand Salary in TCS (Example)
TCS, Infosys, Wipro, etc. often quote big CTCs but include variable pay + perks.
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At 24 LPA in hand salary in TCS, the actual fixed in-hand salary is usually ₹1.2–1.3 lakhs/month.
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Rest includes variable bonuses, PF, and performance-linked components.
International Perspective – 24 LPA to USD
If you’re curious:
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24 LPA ≈ $28,800/year (assuming $1 = ₹83).
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By US standards, that’s low. But in India, it’s solidly upper middle-class.
Conclusion
To wrap it up:
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A 24 LPA package is excellent in India and places you in the top income bracket.
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The in-hand salary for 24 LPA is ~₹1.35–₹1.45 lakhs/month depending on your chosen tax regime.
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Whether you’re a fresher dreaming of that offer letter, or a mid-career pro aiming for it, the key is specialized skills + smart career moves.
So yes, 24 LPA in hand salary won’t make you Mukesh Ambani, but it will definitely make your relatives stop asking, “Beta, package kitna hai?”
FAQs on 24 LPA in Hand Salary
1. What is a 24 LPA salary?
It means ₹24,00,000 annual CTC offered by a company.
2. How much is 24 LPA in hand salary?
Usually ₹1.35–1.45 lakhs per month after tax and deductions.
3. Which tax regime is better for 24 LPA?
If you have heavy investments → Old Regime. Otherwise → New Regime.
4. How much tax on 24 LPA?
Between ₹4.2–₹5.2 lakhs annually depending on regime.
5. How to get a 24 LPA package as a fresher?
Top-tier colleges (IIT/IIM/ISB), FAANG-level coding jobs, or niche roles in AI, finance, and consulting.
6. Is 24 LPA a good salary in India?
Yes. It places you in the top 5–7% salaried professionals.
7. What is 24 LPA salary in TCS?
Fixed in-hand is ~₹1.2–1.3 lakhs/month, rest depends on variable pay.
Thank You Note
Thanks for reading! Hope you enjoyed this breakdown of 24 LPA in hand salary.
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Author Bio
Written by: Ananya Mehra
(Finance & Careers Content Specialist, 8+ years of experience)
Ananya Mehra is a business and finance writer with expertise in salary trends, taxation, and career growth in India. She has worked with career portals, ed-tech startups, and corporate HR teams to analyze real-world salary structures. Her work has been featured in reputed industry journals and LinkedIn career publications.
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Education: MBA in Finance, Symbiosis International University
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Specialization: Salary structures, taxation policies, and career growth analysis
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Publications: Regular contributor to Economic Times Career Trends and NASSCOM Talent Insights.
