What is the in-hand salary of 5 lakh CTC?

The in-hand salary of a 5 lakh CTC (Cost to Company) can vary depending on a number of factors, including the employee's tax bracket, the company's provident fund (PF) contribution, and other deductions. However, a rough estimate of the in-hand salary would be around Rs. 3.5 lakhs per annum. 
Here is a breakdown of how this figure is calculated:

• Basic salary: This is the fixed component of the employee's salary, and it typically forms around 40-50% of the CTC. In this case, we will assume a basic salary of Rs. 2 lakhs per annum.
• Allowances: These are the non-cash benefits that the employee receives, and they can include things like house rent allowance (HRA), travel allowance (TA), and medical allowance. In this case, we will assume that the total allowances amount to Rs. 1.5 lakhs per annum.
• Provident Fund (PF): Both the employee and the employer contribute to the PF, and the contribution is typically 12% of the basic salary. In this case, the PF contribution would be Rs. 24,000 per annum.
• Professional tax: This is a state-level tax that is levied on the employee's income, and it is typically around Rs. 2,500 per annum.
• Income tax: The amount of income tax that the employee has to pay will depend on their tax bracket. In this case, we will assume that the employee falls in the 20% tax bracket.

After taking into account all of these factors, the estimated in-hand salary of the employee would be around Rs. 3.5 lakhs per annum. 
Please note that this is just a rough estimate, and the actual in-hand salary may vary depending on the specific circumstances of the employee. It is always advisable to use a salary calculator to get a more accurate estimate.
Keep in mind:

• The exact amount can vary based on your company's salary structure
• Some companies include variable pay or bonuses in CTC
• Additional benefits like meal vouchers or transport allowance might be part of your CTC but not reflected in the monthly in-hand salary

To get a more accurate figure, you should:

• Ask your HR for a detailed salary breakup
• Consider your specific tax situation
• Factor in any city-specific allowances or deductions