Salary Calculator

Calculate your take-home salary from CTC. Get instant breakdown of deductions, PF contributions, and professional tax to understand your actual in-hand salary.

Salary Details

Annual CTC package

%

Monthly Deductions

How Salary is Calculated

Gross Salary = CTC - Bonus Amount

Total Monthly Deductions = Professional Tax + Employer PF + Employee PF + Additional Deductions

Total Annual Deductions = Total Monthly Deductions × 12

Take Home Salary = Gross Salary - Total Annual Deductions

Your Salary Breakdown

Annual CTC

₹6,00,000

Bonus Amount

- ₹90,000

Gross Annual Salary

₹5,10,000

Total Monthly Deductions

- ₹3,800

Total Annual Deductions

- ₹45,600

Take Home Monthly Salary

₹38,700

Take Home Annual Salary

₹4,64,400

Benefits of Using Our Salary Calculator

Instant Results

Get your take-home salary calculated in seconds with real-time updates as you adjust inputs.

Complete Breakdown

See detailed bifurcation of all deductions including PF, professional tax, and custom deductions.

CTC to In-Hand

Understand the exact difference between your CTC and actual in-hand salary you receive.

Monthly & Annual View

View both monthly and annual salary breakdowns to plan your finances better.

Bonus Calculation

Factor in bonus percentage or fixed amount to get accurate take-home calculations.

Job Comparison

Compare multiple job offers by calculating take-home salary from different CTC packages.

Frequently Asked Questions

What is the difference between CTC and take-home salary?

CTC (Cost to Company) is the total amount a company spends on an employee annually, including salary, benefits, and perks. Take-home salary is the actual amount you receive after all deductions like PF, professional tax, and other contributions.

How is basic salary calculated from CTC?

Basic salary typically forms 40-50% of the CTC. It is the fixed component paid before any allowances or deductions. The exact percentage varies by company policy and industry standards.

What deductions are considered in salary calculation?

Common deductions include Employee Provident Fund (EPF), Professional Tax, Income Tax (TDS), Health Insurance premiums, and any other statutory or voluntary deductions specified by the employer.

What is EPF and how much is deducted?

Employee Provident Fund (EPF) is a retirement savings scheme. Typically, 12% of basic salary is deducted from employee salary, and the employer contributes an equal amount. The calculation is capped at ₹15,000 basic salary per month.

What is professional tax and how is it calculated?

Professional tax is a state-level employment tax levied on salaried individuals. The amount varies by state, with a maximum cap of ₹2,500 per year. It depends on your monthly salary slab as per state regulations.

Is bonus included in take-home salary?

Bonuses are typically part of CTC but not included in monthly take-home salary. They are usually paid separately as performance bonuses, annual bonuses, or festival bonuses as per company policy.

How accurate is this salary calculator?

This calculator provides accurate estimates based on the inputs you provide. However, actual take-home may vary slightly due to company-specific policies, state-specific professional tax rates, and other factors.

Can I use this calculator for job offer comparison?

Yes! This calculator is perfect for comparing different job offers. Enter the CTC and deduction details for each offer to see which one gives you better take-home salary.

What are additional deductions in salary?

Additional deductions can include health insurance premiums, meal coupons, transport allowances, loan repayments, or any other company-specific or voluntary deductions beyond statutory requirements.

How often should I recalculate my salary?

Recalculate when you get a salary hike, change jobs, when professional tax rates change in your state, or when your deductions change due to policy updates or personal choices like increasing PF contribution.

Smart Salary Planning Tips

Understand Your Salary Structure

Request a detailed salary breakup from HR showing all components like basic, HRA, special allowance, and deductions to understand where your money goes.

Maximize Tax Savings

Utilize all available tax deductions under sections 80C, 80D, and HRA to reduce taxable income and increase take-home salary legally.

Compare Job Offers Wisely

Don't just compare CTC. Always calculate take-home salary considering all deductions, benefits, and perks to make informed career decisions.

Plan Your EPF Wisely

While EPF is mandatory for basic salary up to ₹15,000, voluntary PF contributions above this can help build a strong retirement corpus.

Budget Based on In-Hand Salary

Always create your monthly budget based on take-home salary, not CTC. This ensures realistic financial planning and avoids overspending.

Review Annually

Review your salary structure annually, especially after increments or policy changes, to ensure you're getting optimal take-home pay.

Consider Hidden Benefits

Factor in employer benefits like health insurance, stock options, meal vouchers, and transport allowances when evaluating total compensation.

Understanding Salary Components

Earnings Components

  • Basic Salary: Fixed component, typically 40-50% of CTC
  • HRA: House Rent Allowance for accommodation expenses
  • Special Allowance: Additional allowances and benefits
  • LTA: Leave Travel Allowance for travel expenses
  • Performance Bonus: Variable pay based on performance

Deduction Components

  • Employee PF: 12% of basic salary (capped at ₹15,000)
  • Employer PF: Employer contribution to PF account
  • Professional Tax: State-specific tax (max ₹2,500/year)
  • Income Tax: TDS deducted monthly based on tax slab
  • Other Deductions: Insurance, loans, or voluntary contributions