From CTC to your bank account 4 LPA CTC
| A year | A month | |
|---|---|---|
| CTC | ₹4,00,000 | ₹33,333 |
| Employer PFgoes to your PF account, not your salary | − ₹24,000 | − ₹2,000 |
| Gratuitypaid when you leave after the qualifying service | − ₹9,620 | − ₹802 |
| Gross salary | ₹3,66,380 | ₹30,532 |
| Your PFsame as the employer's | − ₹24,000 | − ₹2,000 |
| Professional tax | − ₹2,500 | − ₹208 |
| Income tax (TDS)new regime, cess included | — | — |
| In-hand salary | ₹3,39,880 | ₹28,323 |
An estimate from the usual Indian salary structure. Your payslip can differ with your company's split (HRA, special allowance, meal cards, insurance premiums). Compare both tax regimes with your deductions on the income tax calculator.
About the Cognizant GenC package
GenC is Cognizant's entry-level programme for engineering graduates. Cognizant has said engineering freshers get ₹4 LPA to ₹12 LPA depending on the track, with GenC at the ₹4 LPA end.
The ₹2.52 LPA figure in the news is for non-engineering graduates, not GenC engineers.
Package source: stated by Cognizant (BW Businessworld, August 2024). Companies revise fresher packages; check your offer letter.
4 LPA in hand with different PF rules a month
| Provident fund | In-hand a month |
|---|---|
| Capped at ₹3,000 a month (most companies) | ₹28,323 |
| 12% of full basic | ₹28,323 |
| No PF | ₹32,323 |
4 LPA in hand by state professional tax differs
| State | Professional tax a year | In-hand a month |
|---|---|---|
| Karnataka | ₹2,500 | ₹28,323 |
| Maharashtra | ₹2,500 | ₹28,323 |
| Telangana | ₹2,400 | ₹28,332 |
| Tamil Nadu | ₹2,500 | ₹28,323 |
| Delhi NCR (Delhi, Gurugram, Noida) | None | ₹28,532 |
| Andhra Pradesh | ₹2,400 | ₹28,332 |
| West Bengal | ₹1,800 | ₹28,382 |
| Gujarat | ₹2,400 | ₹28,332 |
| Kerala | ₹2,500 | ₹28,323 |
| Madhya Pradesh | ₹2,000 | ₹28,365 |
| Odisha | ₹2,500 | ₹28,323 |
| Assam | ₹2,496 | ₹28,324 |
| Punjab | ₹2,400 | ₹28,332 |
| Haryana | None | ₹28,532 |
| Uttar Pradesh | None | ₹28,532 |
| Rajasthan | None | ₹28,532 |
How 4 LPA becomes ₹28,323 a month
A 4 LPA CTC is ₹33,333 a month on paper.With basic at half of the fixed pay (₹16,667 a month), the employer's PF of ₹2,000 a month and gratuity of ₹802 comes out first, which leaves a gross salary of ₹30,532 a month.
From that, your own PF (₹2,000), professional tax (₹208 on average) are deducted; there is no income tax because the taxable income stays within the ₹12 lakh rebate. That leaves ₹28,323 a month in your account, ₹3,39,880 over the year.
Your PF is not lost: ₹4,000 a month builds up in your PF account and earns interest.
Frequently Asked Questions
What is the Cognizant GenC in-hand salary?
About ₹28,323 a month on the 4 LPA CTC, with 50% basic, PF capped at ₹3,000 a month and gratuity in the CTC, new tax regime. Your payslip may differ slightly with the company's exact split.
What is the Cognizant GenC package?
4 LPA CTC as stated by Cognizant (BW Businessworld, August 2024). The ₹2.52 LPA figure in the news is for non-engineering graduates, not GenC engineers.
Is there income tax on the Cognizant GenC salary?
No. The gross salary is under ₹12.75 lakh, so the new regime's rebate makes the income tax zero.