in-hand salary @ 15.8 LPA

Hi everyone,

I have a few doubts.

I recently received a job offer with a CTC of 17 LPA, out of which 1.2 LPA is variable. That means my fixed salary is 15.8 LPA.

When I asked the HR about the in-hand salary after all deductions and taxes, I was told it would be ₹1,24,000 per month.

Based on your experience, does this in-hand figure seem accurate for this CTC? If not what would be according to your experience?