💼 Salary Calculator
Estimate your monthly, yearly, gross, and net salary. Enter your CTC, deductions, and allowances to get a detailed salary breakdown.
📈 38K+ calculations this month
Gross Salary (Yearly): ?0
Gross Salary (Monthly): ?0
Net Salary (Yearly): ?0
Net Salary (Monthly): ?0
💡 Pro Tip: In-hand salary = CTC - (PF + Tax + Other deductions). Typically 70-80% of CTC.
Understanding Salary Components
- CTC (Cost to Company): Total yearly cost to employer including salary, benefits, bonuses
- Gross Salary: CTC minus employer contributions (PF, gratuity, insurance)
- Net Salary (In-hand): Gross minus employee deductions (PF, tax, professional tax)
- Basic Pay: Typically 40-50% of CTC, used for PF and bonus calculations
Common Salary Deductions
- EPF (Employee Provident Fund): 12% of basic salary
- Income Tax (TDS): Based on slab rates after deductions
- Professional Tax: State-wise (max ?2,500/year)
- ESI: 0.75% for salaries below ?21,000/month
Tax-Saving Tips
- Invest ?1.5L in 80C (PPF, ELSS, insurance, home loan principal)
- Claim ?50K under 80CCD(1B) for NPS
- Medical insurance deduction: ?25K (self) + ?50K (parents over 60)
- HRA exemption if renting: least of actual HRA, 50% salary, or rent-10% salary
- New tax regime has lower rates but no deductions