Salary Calculator (India)
Calculate your monthly take-home salary from CTC with detailed breakdown of all components and deductions.
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What is a Salary Calculator?
A salary calculator helps you understand your actual take-home pay from your CTC (Cost to Company). In India, CTC includes your salary, employer contributions (PF, gratuity), and benefits. Your in-hand salary is what you actually receive after all deductions.
CTC vs Take Home Salary
Your CTC includes components that are not part of your monthly salary:
- Basic Salary: Usually 40-50% of CTC, forms the base for PF and gratuity calculations
- HRA: House Rent Allowance, typically 40-50% of basic salary
- EPF: Employer and employee each contribute 12% of basic (capped at ₹21,600/year for employer)
- Gratuity: Calculated as (15 × last drawn salary × years of service) / 26
- Professional Tax: State-level tax, usually ₹200/month (₹2,400/year)
Salary Calculation Example
For a CTC of ₹10,00,000:
- Basic Salary: ₹4,00,000 (40% of CTC)
- HRA: ₹2,00,000 (50% of Basic)
- EPF (Employer): ₹21,600 (12% of Basic, capped)
- Gratuity: ₹19,231
- Special Allowance: ₹3,59,169
- Monthly Take Home: ~₹77,850
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Frequently Asked Questions
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CTC (Cost to Company) is the total amount a company spends on an employee per year. It includes your salary, employer PF contribution, gratuity, insurance, and other benefits. Your actual take-home pay is lower than CTC.
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Gross salary is your total salary before deductions (basic + HRA + allowances). Net salary (take-home) is what you receive after deducting EPF, professional tax, and income tax.
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EPF contribution is 12% of basic salary from both employer and employee. The employer contribution is capped at ₹1,800/month (₹21,600/year) for statutory compliance, though companies may contribute more.
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Professional tax is a state-level tax deducted from your salary. It varies by state but is capped at ₹2,500 per year. Most states charge ₹200/month.
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CTC includes employer contributions (PF, gratuity, insurance) that you don't receive as cash. Additionally, employee PF and professional tax are deducted from your gross salary.
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