Salary Calculator
Calculate your in-hand salary and understand your salary breakdown
Your Take Home Salary
Tax Breakdown
Salary Components Explained
| Component | Description | How it’s Calculated |
|---|---|---|
| Basic Salary | The core salary, usually 40-50% of CTC | 40-50% of CTC |
| HRA (House Rent Allowance) | For rental accommodation expenses | 40-50% of Basic Salary (metro cities) or 30-40% (non-metro) |
| Provident Fund (PF) | Retirement savings contribution | 12% of Basic Salary (employee contribution) |
| Professional Tax | State government tax on employment | Varies by state (₹200-₹300 per month typically) |
| Income Tax | Tax on income as per tax slabs | Based on taxable income after deductions |
How to Use This Salary Calculator
Enter Your CTC
Input your total Cost to Company (CTC) including all components.
Add Bonus & Other Components
Include any bonuses, incentives, or other variable components.
Select Tax Regime
Choose between the old and new tax regime based on your situation.
View Detailed Breakdown
See your take-home salary and detailed component-wise breakdown.
Frequently Asked Questions
What is the difference between CTC and take-home salary?+
CTC (Cost to Company) is the total amount an employer spends on an employee in a year, including all bonuses, benefits, and deductions. Take-home salary is the amount you actually receive after all deductions like taxes, PF, etc.
Which tax regime should I choose?+
The new tax regime has lower tax rates but fewer deductions. The old regime has higher tax rates but allows more deductions. Choose based on your investment plans and eligible deductions.
How is HRA exemption calculated?+
HRA exemption is the minimum of: a) Actual HRA received, b) 50% of basic salary (metro) or 40% (non-metro), c) Excess of rent paid over 10% of basic salary.
What is the professional tax?+
Professional tax is a state-level tax on employment. It varies by state but is typically around ₹200-300 per month. The maximum professional tax payable per year is ₹2,500.