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Salary Calculator — In-Depth Earnings & Deductions Breakdown

Calculate your monthly gross salary, take-home pay, Provident Fund deductions, professional tax, and annual tax obligations.

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Interactive Inputs
₹
₹3,00,000₹12 Lakh₹1,00,00,000
%
30%60%
%
40%50%

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Estimated Monthly In-Hand Salary
₹88,276
Direct monthly bank transfer (88.3% of CTC)
Annual Take-Home Pay₹10,59,312
Monthly Gross Salary₹93,276
Monthly Total Deductions₹5,000EPF + PT + Est. TDS
Annual Retiral Benefits₹80,688Employer PF + Gratuity pool

Monthly CTC Distribution

Monthly CTC₹1,00,000
Net Take-Home (In-Hand):₹88,276 (88.3%)
Total Deductions (EPF+TDS+PT):₹5,000 (5.0%)
Retirals (Employer PF+Gratuity):₹6,724 (6.7%)
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Complete Salary Slip & CTC Breakdown

Salary ComponentMonthly AmountAnnual Amount
Basic Salary₹40,000₹4,80,000
House Rent Allowance (HRA)₹20,000₹2,40,000
Special / Other Allowances₹33,276₹3,99,312
Gross Salary (Earnings Total)₹93,276₹11,19,312
(-) Employee PF (EPF)-₹4,800-₹57,600
(-) Professional Tax (PT)-₹200-₹2,400
(-) Estimated Income Tax (TDS)-₹0-₹0
Net Take-Home Salary (In-Hand Bank Credit)₹88,276 / mo₹10,59,312 / yr
Practical Scenario

Example: ₹12 Lakh CTC Salary Breakdown

A software engineer receives a ₹12,00,000 annual CTC offer with 40% Basic and 50% HRA in a metro city.

Input Parameters
  • Annual CTC:₹12,00,000 (₹1.0L / mo)
  • Basic Pay (40%):₹4,80,000 (₹40k / mo)
  • HRA (50% of Basic):₹2,40,000 (₹20k / mo)
Calculated Results
  • Monthly Gross Salary:₹88,720 / month
  • Monthly EPF & PT Deduction:₹5,000 / month
  • Estimated Monthly In-Hand:₹80,000 - ₹82,000 / month

Key Takeaway: Employer PF (₹4,800/mo) and Gratuity (₹1,924/mo) are included in CTC before forming your monthly gross pay.

How This Calculation Works (Mathematical Formula)

Net In-Hand = Gross Salary - (EPF + PT + TDS + Other Deductions)

Itemizes earnings and mandatory statutory deductions to show net credited bank salary.

Frequently Asked Questions

Gross salary is your total earnings before any deductions. In-hand (Net) salary is the amount actually credited to your bank account after EPF, Professional Tax, and Income Tax (TDS).

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Helpful Guides & Explanations

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Cost to Company (CTC) includes direct cash payments, indirect retiral contributions (Employer PF, Gratuity), and non-cash perks.
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How EPF Affects Your Salary: Employee & Employer Contributions Explained
Under the Employees' Provident Funds Act, 12% of your Basic + DA is deducted as Employee PF and matched by the employer.
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