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Salary Calculator
Calculate your net take home salary after all deductions
Calculate Your Salary
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CTC (Cost to Company)
₹12,21,600
Gross salary (monthly)
₹1,00,000
Total deductions
₹7,000
Net salary (Take Home)
₹93,000
Annual net salary
₹11,16,000
Salary Components Breakdown
Deductions Breakdown
Monthly vs Annual Comparison
Salary Structure Breakdown
Basic Salary₹50,000
HRA₹20,000
HRA Exemption (Monthly)₹20,000
Special Allowance₹30,000
Gross Salary₹1,00,000
Deductions Breakdown
PF (Employee Contribution)₹1,800 (Capped at ₹1,800)
Professional Tax₹200
Income Tax (TDS)₹5,000
Total Deductions₹7,000
Net Salary (Take Home)₹93,000
Employer Contributions (CTC Components)
PF (Employer Contribution)₹1,800/month (Capped at ₹1,800)
Total CTC (Annual)₹12,21,600
Understanding Salary Components
Salary Components:
- • Basic Salary: Core component, used for PF and gratuity calculations
- • HRA: House Rent Allowance - tax-exempt up to certain limits
- • Special Allowance: Flexible component, fully taxable
- • CTC: Cost to Company includes all employer contributions
Deductions:
- • PF: 12% of basic (capped at ₹1,800/month) - both employee and employer contribute
- • Professional Tax: State-specific tax, typically ₹200/month (varies by state)
- • Income Tax (TDS): Tax deducted at source based on tax slabs
- • ESI: Employee State Insurance (if gross salary < ₹21,000/month)
HRA Exemption:
- • Minimum of: Actual HRA received, Rent paid - 10% of basic, 50% of basic (metro) or 40% (non-metro)
- • Metro cities: Mumbai, Delhi, Kolkata, Chennai
- • HRA exemption reduces taxable income, saving tax
Disclaimer: This calculator is for estimation purposes only. Results are approximate and may vary from actual values. Please consult with a financial advisor for personalized advice.