Salary Calculator

Salary Calculator

Calculate your take-home salary after taxes and deductions

Enter Your Details

Annual amount or percentage of annual salary paid as bonus
%
Percentage of basic salary (usually 12%)
Professional tax varies by state (default ₹200)
Other monthly deductions like health insurance, etc.
Income Tax Regime:

Old Regime: Allows for various deductions and exemptions but with higher tax rates

New Regime: Lower tax rates but most deductions and exemptions are not available

Salary Breakdown

Net Monthly Salary ₹0
Net Annual Salary ₹0
Total Monthly Deductions ₹0
PF Contribution ₹0
Professional Tax ₹0
Income Tax (monthly) ₹0
Other Deductions ₹0
Annual Tax Payable ₹0
Based on Old Regime
Employer Contribution ₹0
Employer PF ₹0
Annual Bonus ₹0

Disclaimer:

This calculator provides estimates only. Actual tax liability may vary. Please consult a CA or tax professional for accurate tax planning.

Indian Salary Calculator

This advanced salary calculator helps Indian professionals estimate their take-home salary after all deductions. It considers both old and new tax regimes, PF contributions, professional tax, and other deductions to provide a comprehensive breakdown of your salary structure.

What is a Salary Calculator?

A salary calculator is a digital tool that helps individuals estimate their net salary after accounting for various deductions and taxes. It provides a clear picture of how much money will actually reach your bank account after all the statutory and optional deductions.

Components of Salary Structure

Indian salary structures typically include Basic Salary, HRA, Special Allowances, PF contributions, Professional Tax, and various other components that affect the final take-home amount. Understanding these components helps in better financial planning.

How Salary Calculators Work

Salary calculators process your gross salary inputs, apply relevant tax slabs based on the chosen tax regime, calculate mandatory deductions like PF and Professional Tax, and finally show your net salary along with detailed breakdowns.

Benefits of Salary Calculator in India

Using a salary calculator helps in tax planning, comparing benefits of different tax regimes, understanding CTC components, budget planning, and making informed decisions during job negotiations by knowing the actual in-hand salary.

Frequently Asked Questions

What is the difference between CTC and take-home salary?
CTC (Cost to Company) includes all components of your salary package including employer contributions, while take-home salary is what you actually receive after all deductions.
Which tax regime is better - old or new?
This depends on your investments and exemptions. The old regime offers tax exemptions but has higher tax rates, while the new regime has lower rates but fewer exemptions.
Is PF contribution mandatory?
PF is mandatory for employees in organizations with 20+ employees where basic salary is less than ₹15,000. Standard contribution is 12% of basic salary.
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