Salary Calculator
Calculate your net take home salary from your CTC.
What is Salary Calculator?
A salary calculator estimates your in-hand salary after deductions like EPF, professional tax, and income tax. It also shows the breakdown of your CTC into various components.
Understanding the difference between your CTC and in-hand salary helps you evaluate job offers and plan your finances.
How does the Salary Calculator work?
The calculator takes your CTC and splits it into basic salary, HRA, allowances, and employer contributions.
It then deducts your EPF contribution (12% of basic), professional tax, and income tax (based on your chosen regime) to arrive at the in-hand salary.
How to use the Salary Calculator?
- Enter your annual CTC.
- Enter your basic salary percentage and HRA.
- Select your tax regime.
- The calculator shows your monthly in-hand salary and deductions.
Example
Try the calculator with your own numbers
- Enter your values in the input fields above.
- Adjust the values to match your situation.
- The result updates instantly as you change the inputs.
Benefits of using the Salary Calculator
- Know your actual in-hand salary.
- Compare job offers accurately.
- Plan your monthly budget.
- Understand salary components and deductions.
Who should use the Salary Calculator?
- Individuals planning loans, investments, or retirement savings.
- Salaried employees estimating taxes, EMIs, and take-home pay.
- Small business owners tracking costs, margins, and cash flow.
- Students learning personal finance and investment concepts.
Tips for getting the most out of the Salary Calculator
- Use realistic return rates — past performance does not guarantee future returns.
- Re-run the calculation whenever your income, expenses, or goals change.
- Compare a few scenarios (conservative, moderate, aggressive) before making a decision.
Frequently Asked Questions
What is the difference between CTC and in-hand salary?
CTC includes employer contributions and benefits, while in-hand salary is what you actually receive after all deductions like EPF, tax, and professional tax.
How much EPF is deducted from salary?
The employee contributes 12% of basic salary + DA to EPF, with a matching employer contribution.
What is professional tax?
Professional tax is a state-level tax on salaried income, ranging from ₹200 to ₹2,500 per year depending on the state.
Planning your finances is easier when you can see the numbers clearly. Use this calculator regularly to stay on top of your goals and make informed decisions.
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