Salary Calculator
Calculate your in-hand salary from CTC. See breakdown of gross pay, deductions, PF, and net take-home.
* All calculations are approximate.
How Salary Calculator Works?
Calculate your in-hand salary from CTC. See breakdown of gross pay, deductions, PF, and net take-home.
Enter your Annual CTC (Cost to Company) as mentioned in your offer letter or payslip.
Specify your PF contribution percentage (typically 12% of basic salary).
Enter your estimated income tax rate based on your tax slab.
The calculator computes your monthly gross salary, PF deduction, tax deduction, and net in-hand salary.
Review the complete breakup to understand how much of your CTC you actually take home.
Formula Used
Monthly In-Hand = (Annual CTC / 12) - Monthly PF - Monthly Tax
Actual in-hand salary may vary based on HRA, special allowances, professional tax, and other company-specific deductions not covered here.
Important — Read Before You Decide
- CTC is not the same as in-hand salary — deductions can be 25-40%
- Employer PF contribution is part of CTC but not your take-home
- Gratuity and insurance premiums are deducted from CTC
- Variable pay/bonus is not guaranteed and depends on performance
- HRA exemption can significantly reduce your tax liability
- Reimbursements (food, fuel, phone) are often tax-free
What Happens If You Ignore These?
- Accepting a job based on CTC alone leads to salary surprises
- Not understanding deductions results in poor financial planning
- Missing tax-saving investments means higher tax outgo
- Ignoring PF and gratuity leads to undervaluing compensation
Smart Tips
- Always ask for the salary breakup, not just CTC
- Negotiate for higher basic salary for better PF and gratuity
- Opt for flexible benefits plan to optimize tax savings
- Use NPS to get additional ₹50,000 tax deduction under 80CCD(1B)
- Keep track of monthly payslips for tax filing
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