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Salary Calculator
Calculate take-home salary after taxes, deductions, PF, and other contributions from gross CTC.
About This Calculator
This salary calculator estimates your monthly take-home (in-hand) salary by deducting PF contribution, income tax, and standard deduction from your gross CTC. It uses India's New Tax Regime slabs for FY 2024-25. The actual amount may vary based on HRA, allowances, and employer structure.
How to Use This Calculator
- 1Enter your annual CTC (Cost to Company)
- 2Enter any annual bonus amount
- 3Enter PF contribution percentage (default 12%)
- 4Click Calculate to see monthly and annual take-home
Formula Used
Take-Home = CTC − PF Deduction − Income Tax − Other Deductions
Why Trust CalcPro
Verified mathematical formulas
Trusted by 100K+ monthly users
Works on desktop and mobile
No data stored or shared
Updated regularly
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FAQ
Frequently Asked Questions
Common questions about the salary calculator answered.
What is CTC vs take-home salary?+
CTC (Cost to Company) is the total annual cost your employer incurs for you, including basic salary, allowances, PF contributions, gratuity, and other benefits. Take-home salary is what actually gets credited to your bank account after all deductions. Take-home is typically 65 to 75 percent of CTC depending on your tax bracket.
How is PF calculated on salary?+
Employee PF contribution is 12% of basic salary. Employer also contributes 12%, of which 8.33% goes to EPS (Employee Pension Scheme) and 3.67% to EPF. Basic salary is typically 40 to 50% of CTC. So for a 10 lakh CTC with 40% basic (4 lakh), your annual PF deduction is approximately Rs 48,000.
Does HRA reduce income tax?+
Yes, House Rent Allowance (HRA) is partially or fully exempt from income tax under the old tax regime. The exemption is the minimum of: actual HRA received, 50% of basic salary (40% in non-metro cities), or actual rent paid minus 10% of basic salary. Under the new tax regime, HRA exemption is not available.
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