Take Home Salary Calculator
Estimate how much money you will actually receive in your bank account each month. Deduct PF, PT, and Tax to find your real disposable income.
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 |
|---|---|---|---|
| ₹8,00,000 | ₹66,666 | ₹61,466 | ₹5,200 |
| ₹15,00,000 | ₹1,25,000 | ₹1,05,000 | ₹20,000 |
Frequently Asked Questions
Why is my take-home less than CTC/12?
CTC includes non-cash components (Gratuity, Insurance), future savings (PF), and taxes (TDS, PT). These are deducted before paying you.
Does this calculator include Income Tax?
This calculator estimates Basic and PF deductions. For exact Income Tax calculation based on new/old regime, use our dedicated Income Tax Calculator.