In-Hand Salary for 4.5 LPA: If your annual salary package is 4.5 LPA, your in-hand salary will be approximately Rs. 31,500 per month. However, this amount may vary depending on various factors such as company policies, deductions, and allowances. Deductions such as income tax, employee provident fund (EPF), and professional tax will be made from your gross salary. On the other hand, allowances such as house rent allowance (HRA), medical allowance, and conveyance allowance can help increase your take-home salary. To maximize your earnings, it is crucial to understand the various components of your salary package and make the most of available tax benefits.