Easily calculate with our my salary calculator tool your monthly take-home salary, income tax, EPF contribution, professional tax, and compare the New vs Old tax regime. Calculate your gratuity pay, variable bonus share, freelancer net income, and use our dedicated DA calculator to find your exact earnings in seconds.
Select your calculator type below to compute your in-hand earnings
Enter your total CTC package (e.g. ₹6,00,000)
Calculated Bonus: ₹90,000
New Regime offers lower slabs; Old Regime allows standard exemptions.
Projected Monthly Take-Home Pay (In-Hand)
₹38,700
Annual Net Take-Home: ₹4,64,400
Total Monthly Deductions
₹11,300
Annual Total Deductions: ₹1,35,600
Total CTC (Annual)
₹6,00,000
Variable Bonus (Annual)
₹90,000
Income Tax (Annual)
₹0
Employee PF (Annual)
₹21,600
| Earnings Component | Monthly | Annual |
|---|---|---|
| Total Cost to Company (CTC) | ₹50,000 | ₹6,00,000 |
| Basic Salary (50% of CTC) | ₹25,000 | ₹3,00,000 |
| House Rent Allowance (HRA) | ₹10,000 | ₹1,20,000 |
| Special Allowances & Perks | ₹5,700 | ₹68,400 |
| Less: Deductions | ||
| Bonus / Variable Pay (Deducted from monthly) | -₹7,500 | -₹90,000 |
| Monthly Employer PF | -₹1,800 | -₹21,600 |
| Monthly Employee PF | -₹1,800 | -₹21,600 |
| Monthly Professional Tax (PT) | -₹200 | -₹2,400 |
| TOTAL DEDUCTIONS (A) | ₹11,300 | ₹1,35,600 |
| 💰 TAKE-HOME SALARY (In-Hand Net) | ₹38,700 | ₹4,64,400 |
Edit value manually if your basic pay is higher
Current DA rate is 60% (confirmed)
Enter your designation/post. This will be used in reports and downloads.
The fitment factor multiplies your 7th CPC basic pay to establish your new 8th CPC basic pay.
Projected Net Monthly Increase
+₹17,194
Annual Net Gain: ₹2,06,328
Est. Arrears (18 Mo)
₹3,09,492
Annual Pension Boost
₹17,244
Estimated 8th CPC arrears based on 18 months retrospection. Gratuity and Pension values are approximations.
| Salary Component | 7th CPC (Current) | 8th CPC (Projected) | Increase |
|---|---|---|---|
| Basic Pay | ₹44,900 | ₹86,208 | +₹41,308 |
| Dearness Allowance (DA) | ₹26,940 | ₹0 | -₹26,940 |
| House Rent Allowance (HRA) | ₹8,980 | ₹13,793 | +₹4,813 |
| Transport Allowance (TPTA) | ₹2,880 | ₹2,880 | ₹0 |
| Medical Allowance | ₹750 | ₹750 | ₹0 |
| GROSS MONTHLY PAY | ₹84,450 | ₹1,03,631 | +₹19,181 |
| Less: Monthly Deductions | |||
| NPS Employee Share (10%) | -₹7,184 | -₹8,621 | -₹1,437 |
| CGHS Contribution | -₹450 | -₹1,000 | -₹550 |
| Income Tax (TDS Estimate) | -₹0 | -₹0 | -₹0 |
| 💰 TAKE-HOME SALARY (In-Hand) | ₹76,816 | ₹94,010 | +₹17,194 |
The regular payments made to the employee by the employer for the work accomplished are defined as a salary. The employment contract of the employee provides the details about the salary and other additional components.
A salary calculator is an easy-to-use tool that assists in calculating the take-home annual salary, take-home monthly salary, total annual deductions, total monthly deductions, etc., of an individual. An employee needs to fill in their CTC, bonus, professional tax, and PF contributions in the designated boxes to derive the net result.
Roughly 40% to 50% of the total CTC. It is a fixed component earned based on designation, skills, and qualifications, serving as the base for PF and HRA calculations.
Provided to cover rented accommodation costs. Partially or fully tax-exempt under Section 10(13A) of the IT Act. Fully taxable if you do not reside in rented housing.
Allowance given for domestic travel expenses of the employee and family while on leave. Claimable as a tax exemption under Section 10(5) with valid travel bills.
A fully taxable component added to the salary structure to meet miscellaneous requirements (e.g. food coupons, transport, internet, and uniform expenses).
A fully taxable cash incentive linked to employee or company performance. Typically paid annually or bi-annually and is part of the overall CTC package.
Both employer and employee contribute 12% of Basic Salary monthly. The employee's portion is deductible under Section 80C. Currently offers a government-backed interest rate.
A state-level tax levied on salaried employment. Deducted monthly from the salary, with a maximum limit capped at ₹2,500 in a single financial year.
A statutory retirement benefit payable when you retire or quit after 5 years of continuous service. Calculated as: (Basic Salary + DA) × (15/26) × Years of Service.
To calculate your actual in-hand salary, the calculator splits your Cost to Company (CTC) into gross components, subtracts statutory savings, taxes, and variable pay.
Cost to Company (CTC) Formula:
CTC = Basic Salary + Allowances + Perks + Employer PF + Variable Bonus
Gross Salary Formula:
Gross Salary = Basic Salary + HRA + Special Allowance + Bonus (if paid monthly)
Total Deductions Formula:
Deductions = Employee PF + Employer PF + Professional Tax + Income Tax (TDS) + Optional Deductions + Gratuity
Net Take-Home Salary (In-Hand) Formula:
Net Salary = CTC - Total Deductions
Assume your CTC is ₹5,00,000. Your employer includes a variable performance bonus of ₹50,000 for the year. The bonus is deducted first to obtain the monthly cash base. Next, professional tax (₹2,400/yr), employer EPF (₹21,600/yr), employee EPF (₹21,600/yr), and a medical insurance premium (₹2,000/yr) are deducted.
Gross Salary Base: ₹5,00,000 - ₹50,000 = ₹4,50,000
Total Deductions: ₹2,400 (PT) + ₹21,600 (Emp PF) + ₹21,600 (Empr PF) + ₹2,000 (Insurance) = ₹47,600
Take-Home Salary: ₹4,50,000 - ₹47,600 = ₹4,02,400 / Year (₹33,533 / Month)
Assume your CTC is ₹8,00,000. Your performance bonus is ₹50,000. Deductions include Professional Tax (₹2,400), EPF Employee Contribution (₹21,600), EPF Employer Contribution (₹21,600), and Employee Insurance (₹3,000). Tax is ₹0 due to the rebate.
| Particulars | Amount (₹) |
|---|---|
| Gross Salary (CTC) | 8,00,000 |
| Less: Variable Bonus (Standard Deduction) | -50,000 |
| Less: Professional Tax (PT) | -2,400 |
| Less: EPF (Employee Contribution) | -21,600 |
| Less: EPF (Employer Contribution) | -21,600 |
| Less: Employee Insurance | -3,000 |
| Total Deductions (B) | 98,600 |
| Net Salary Take-Home (A - B) | 7,01,400 |
Save time and negotiate your compensation packages with confidence using accurate calculations.
Calculate your monthly take-home salary and breakdown within a span of just a few seconds.
Understand the instant impact on your in-hand pay when your basic salary, bonus, or other deductions change.
Displays allowances and deductions (PF, Professional Tax, TDS) in a precise, detailed tabular format.
Provides a realistic picture of your monthly income so you can plan expenses, rent, EMIs, and savings.
Get clear details of Gross vs. Net pay to empower your job negotiations and avoid low-ball offers.
Easily compare your in-hand salary under both the New and Old tax regimes before choosing your structure.
The 8th Pay Commission introduces a 1.92× fitment factor that multiplies your 7th CPC basic pay. Additionally, Dearness Allowance (DA) merges into the basic pay, ensuring a guaranteed salary increase.
1.92× multiplier applied to your current 7th CPC basic pay to derive new base pay.
Current DA (60%) merges into the new basic pay under 8th CPC initial rules.
Guaranteed salary increase for all central government and state employees.
Click any level to auto-fill the calculator above
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