Salary Calculator — Know Exactly What You Take Home Every Month
Salary Calculator
Calculate your take-home salary with detailed breakdown
💰 Salary Breakdown
Salary Calculator — Know Exactly What You Take Home Every Month
Most people know their CTC but have no idea how much actually lands in their bank account each month.
Between taxes, provident fund, professional tax, and various allowances, your in-hand salary can look very different from the number on your offer letter.
Our Salary Calculator gives you a full breakdown in seconds — no spreadsheets, no guesswork.
What this calculator helps you figure out
Enter your gross salary and the tool calculates your complete compensation picture, including:
- Gross-to-net salary breakdown
- Income tax under the old and new tax regime
- HRA, DA, travel allowance, and other component calculations
- Provident Fund (PF), professional tax, and insurance deductions
- Your actual monthly take-home pay
It works for employees, HR teams, job seekers, and anyone comparing two salary offers side by side.
How to use it
Step 1: Enter your basic salary
Type in your basic salary or CTC. You can enter it as a monthly or annual figure. Use the slider to adjust values visually if you prefer.
Step 2: Add your allowances and deductions
Fill in standard components like HRA, dearness allowance, and travel allowance. Then add any deductions — PF contributions, professional tax, and insurance premiums. You can also add custom items like bonuses or loan deductions.
Step 3: Choose your tax regime
Select either the old or new tax regime. The calculator shows you the tax liability under both so you can compare and pick what works better for your situation. For FY 2025-26, the new regime offers a standard deduction of Rs 75,000 and a full rebate on taxable income up to Rs 12 lakh.
Step 4: Get your results
The tool instantly shows your net take-home pay, a component-wise breakdown, and tax-saving suggestions. Results update in real time as you change any input.
Key salary components explained
- Basic salary: The fixed core of your pay, usually 40–50% of CTC. All other components are calculated from this.
- HRA (House Rent Allowance): Paid for rented accommodation. Partially tax-exempt when you submit rent receipts.
- DA (Dearness Allowance): A cost-of-living adjustment, more common in government jobs.
- Provident Fund: 12% of basic salary is deducted from your pay and an equal amount is contributed by your employer toward your retirement savings.
- Professional Tax: A small state-level deduction, usually between Rs 150–200 per month depending on your state.
If you also want to plan your budget after knowing your take-home, our Student Budget Calculator and Time and Half Pay Calculator can help you manage your monthly finances better.
Old tax regime vs new tax regime — which is better?
The old tax regime lets you claim deductions under sections like 80C, 80D, and HRA exemptions, which can significantly reduce your taxable income if you have investments and expenses to declare.
The new regime offers lower tax rates but removes most deductions. Generally, the old regime benefits people with high deduction claims, while the new regime works better for those with fewer investments.
Use the calculator’s side-by-side comparison to see which saves you more money before making a choice. You can also check the official Income Tax India portal for the latest slab rates and rules.
Who should use this calculator
- Employees who want to understand their payslip beyond just the net figure
- Job seekers comparing two offers where the CTC numbers look similar but the structure is different
- HR teams building or explaining salary packages to new hires
- Freelancers and consultants estimating tax liabilities on professional income
For related financial planning, you might also find our Closing Costs Calculator and Coast FIRE Calculator useful for longer-term planning decisions.
Frequently asked questions
What is the difference between CTC and in-hand salary?
CTC (Cost to Company) is the total amount your employer spends on you annually. In-hand salary is what actually gets deposited in your account after deductions like PF, professional tax, and income tax are removed. The difference is often 30–40% of the CTC depending on your tax slab and salary structure.
How is income tax calculated on salary?
Your tax is calculated on your taxable income, which is your gross salary minus applicable deductions and exemptions. The remaining amount is taxed at progressive slab rates. For FY 2025-26 under the new regime, income up to Rs 12 lakh has zero tax liability after the standard deduction and rebate.
Is HRA always tax-exempt?
HRA is partially tax-exempt only if you live in rented accommodation and submit rent receipts. If you own your home or do not pay rent, HRA becomes fully taxable as part of your income. The exempt portion is the lowest of: actual HRA received, rent paid minus 10% of basic salary, or 50% of basic salary for metro cities (40% for non-metro).
What deductions reduce my taxable income the most?
Under the old tax regime, the most impactful deductions are PF/EPF contributions, life and health insurance premiums under section 80D, home loan interest, and investments in PPF or ELSS mutual funds under section 80C, which allows up to Rs 1.5 lakh in deductions annually.
Can I use this calculator for monthly and annual salary both?
Yes. The calculator supports both monthly and annual input. Switch between the two depending on how your offer letter or payslip presents the numbers, and the tool handles the conversion automatically.
Does provident fund affect my take-home salary?
Yes. Your employee PF contribution — typically 12% of basic salary — is deducted from your gross salary before you receive your paycheck. While this reduces take-home pay, it builds a retirement corpus and also qualifies for tax deductions under section 80C in the old regime.
Final thoughts
Your salary is more than just a number on an offer letter. Understanding every component — from HRA exemptions to PF deductions to which tax regime saves you more — gives you real control over your finances. Use our Salary Calculator to get a clear, accurate breakdown before your next appraisal, job switch, or tax filing.