A Rs 1 Lakh Salary May Yield Rs 87,000

A salary of Rs 1 lakh per month is not always the amount that reaches your bank account.

Companies may include benefits and other costs in the advertised CTC.

Money can be deducted for provident fund, professional tax, insurance and other items.

Some salary packages also include bonuses or variable pay that may not be paid every month.

Because of this, the monthly take-home amount may be about Rs 82,000 to Rs 87,000.

Taxes may be low or zero for some employees under the current new tax regime, depending on their exact salary structure and rebate eligibility.

Two people with the same CTC can therefore receive different monthly amounts.

Anyone accepting a job offer should check the fixed salary, deductions and expected take-home pay.