Salary Calculator
Calculate your take-home salary after deductions based on your CTC structure.
Salary Calculator – Gross Salary to In-Hand Salary Calculator
A Salary Calculator helps you estimate your in-hand (take-home) salary from your gross or CTC salary after deducting taxes, provident fund, and other statutory components.
It is useful for salaried employees to understand how much salary they will actually receive every month after deductions such as income tax, EPF, professional tax, and other allowances.
What Is a Salary Calculator?
A Salary Calculator is an online tool that breaks down your salary structure and shows:
- Gross salary or CTC
- Total deductions
- Net in-hand salary
- Monthly and annual take-home pay
This calculator provides an estimated salary breakup based on commonly used salary structures in India. Actual salary may vary depending on company policy and tax regime selection.
How Does the Salary Calculator Work?
The calculator estimates your take-home salary using inputs such as:
- Gross salary or CTC
- Basic salary and allowances
- Provident fund contribution
- Income tax and professional tax
Note: This calculator provides indicative results and does not replace official payslips or tax computation.
Salary Calculation Example
Below is a simple example to understand how in-hand salary is calculated.
- Annual CTC: ₹8,00,000
- Basic Salary: ₹3,20,000
- Allowances: ₹3,80,000
- Employee EPF Contribution: ₹38,400
- Estimated Income Tax: ₹45,000
Total Deductions: ₹83,400
Annual In-Hand Salary: ₹7,16,600
Monthly Take-Home Salary: ₹59,700 (approx.)
Result: The salary calculator helps you clearly understand how deductions impact your final take-home pay.
Frequently Asked Questions (FAQs)
What is the difference between CTC and in-hand salary?
CTC (Cost to Company) includes all salary components such as basic salary, allowances, bonuses, and employer contributions. In-hand salary is the amount you actually receive after deductions.
What deductions are included in salary calculation?
Common deductions include employee provident fund (EPF), income tax, professional tax, and other statutory deductions.
Does the Salary Calculator include income tax?
Yes. The calculator provides an estimated income tax deduction based on standard assumptions. Actual tax may vary depending on tax regime and deductions claimed.
Is EPF contribution mandatory?
EPF contribution is mandatory for eligible employees as per EPF rules, unless exempted by the employer or employee category.
Can my in-hand salary change every month?
Yes. In-hand salary may vary due to variable pay, bonuses, leave deductions, or changes in tax deductions.
How accurate is this Salary Calculator?
The calculator provides approximate results based on common salary structures. Actual salary figures may differ based on employer policies.