I got an offer of 18 LPA fixed, What will be my in-hand salary

First of all Congratulations 🥳🥳 for the offer.

As I am working in IT industry since 2 years I am good enough to explain you about the deductions and in hand salary.

Firstly let’s talk about the deductions.

1- Income tax: (Old Tax Regime)

Tax slab rate in India varies like this :

0–2.5l — 0% tax

2.5–5l — 5% tax

5–7.5l — 20% tax

7.5-10l — 20% tax

10–12.5l — 30% tax

12.5–15l —30% tax

15L and above — 30% tax.

In your case as you are earning 18L fixed

Standard deduction under PF and category C you will be waived off tax for 1L. Considering you are not claiming the tax,

Remaining 17L your income tax goes like this :

0-2.5L : zero

2.5–5L : 2.5L* 0.5 = 12500

5–7.5L: 2.5L*0.2 = 50000

7.5–10L : 2.5L*0.20= 50000

10-12.5L : 2.5L*0.3= 75000

12.5-15L : 2.5L*0.3 = 75000

15–17L : 2L*0.3= 60000

So your total tax will be 12,500+50,000+50,000+75,000+75,000+60,000=3,22,500

2- Provident Fund :

Let’s consider your monthly PF is 10k then your total PF Deduction will be 1,20,000

3- Gratuity and other :

Let’s consider your gratuity and other deductions will be 30k per annum

So your total net salary per annum = 18,00,000–3,22,500–1,20,000–30,000 = 13,27,500

Take home salary per month = 13,27,500/12 = 1,10,625.

If you are declaring taxes then you can earn additionally 6–10k per month.

I hope this helps.

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