Salary Calculator
Take-Home Salary Calculator
Know your exact in-hand net salary after standard deductions.
₹0
Gross Salary vs. Net Salary: What’s the Difference?
Understanding your salary slip can sometimes be confusing. Two of the most important terms you will encounter are Gross Salary and Net Salary. Our Take-Home Salary Calculator helps you easily bridge the gap between these two figures.
Gross Salary is the total amount of money your employer pays you before any taxes or deductions are subtracted. It typically includes your Basic Pay, House Rent Allowance (HRA), Dearness Allowance (DA), Transport Allowance, and other special allowances.
Net Salary (Take-Home Pay) is the actual amount that gets credited to your bank account at the end of the month. It is calculated by taking your Gross Salary and subtracting all mandatory and voluntary deductions.
Common Salary Deductions Explained
- Employee Provident Fund (EPF/PF): This is a mandatory retirement savings scheme in India. Usually, 12% of your basic salary goes towards your PF account, helping you build a corpus for the future.
- Professional Tax (PT): This is a small state-level tax imposed on earning professionals. The amount varies by state but is typically capped at ₹2,500 per year (around ₹200 per month).
- Income Tax (TDS): Tax Deducted at Source (TDS) is a fraction of your salary withheld by your employer and paid directly to the government, based on your projected annual income and chosen tax slab.
Use this calculator to accurately estimate your in-hand salary, which is highly beneficial when negotiating your Cost to Company (CTC) during job interviews or when planning your personal monthly budget.