First Salary Money Setup — CTC to In-Hand, Monthly Budget, Goals & Credit Card Check

Your CTC says ₹10 lakh. Your account says ₹67,800. Here's why — and what to do with it.

Nobody explains your first offer letter. Employer PF, gratuity and variable pay sit inside your CTC but never reach your account. Then rent, food, EMIs and "just one more order" eat the rest, and the month ends before the money plan begins.

First Salary Money Setup fixes that in about 20 minutes.

Four tabs

🧾 CTC to In-Hand — Type your offer-letter numbers and see your real monthly in-hand, with every deduction explained: your PF, employer PF, gratuity, professional tax and income tax under the new regime for tax year 2026-27.

💸 Money Plan — Split your in-hand into needs, wants and future-you (50/30/20 by default, change it to fit your life). List your real expenses and see instantly if you're on track or overspending.

🎯 Goals — Emergency fund first, then the laptop, the first trip, the bike down payment — with the exact amount to set aside each month and whether it fits your budget.

💳 Credit Card Check — Your utilisation, and what paying only part of the bill really costs in interest and months.

Who it's for

• Freshers and anyone in their first 1–3 years of work
• Anyone who just switched jobs and wants to understand the new offer
• Parents helping a son or daughter with their first salary

Not for: business owners or freelancers (see our GST Invoice & Business Finance Toolkit).

What you get

✓ Example numbers already filled in — replace them with yours
✓ Yellow cells you type, shaded cells calculate themselves
✓ Works in Excel and free Google Sheets, on phone or laptop
✓ Instant download, one payment, no subscription
✓ Your salary data stays on your device

FAQ

Is the tax exact? It's an estimate under the new regime (the default). Your payslip can differ with old-regime claims, perquisites or NPS. Compare regimes with our free Tax Regime Quick Checker.

Does it tell me what to invest in? No. It tells you how much to set aside. It never recommends a specific investment.

What next? When you're ready to track bank accounts, SIPs, EMIs and net worth, the Personal Finance Command Centre picks up where this leaves off.

A planning tool, not financial or tax advice.