Monthly Salary Calculator
Convert your annual salary package to monthly earnings. See your gross and net monthly income breakdown instantly.
Salary Components Explained
Your salary structure consists of various components that determine your in-hand pay.
Key Terms
- CTC (Cost to Company): Total expense company spends on you.
- Basic Salary: Core component, fully taxable. Basis for PF/HRA.
- PF (Provident Fund): Retirement savings. 12% of Basic deducted + 12% contributed by employer.
- Professional Tax: State tax, usually ₹200/month.
Example Breakdown
| CTC | Monthly Gross | In-Hand | Deductions |
|---|---|---|---|
| ₹5,00,000 | ₹41,666 | ₹38,000 | ₹3,666 |
| ₹20,00,000 | ₹1,66,666 | ₹1,35,000 | ₹31,666 |
Frequently Asked Questions
How to calculate monthly salary from CTC?
Divide Annual CTC by 12 to get Gross Monthly Salary (approx). Then subtract monthly PF (12% of Basic) and Professional Tax (₹200) to get Net Monthly Salary.
What is Professional Tax?
It is a state-level tax on employment, typically around ₹200 per month in many Indian states like Maharashtra and Karnataka.