Net Salary Calculator

Calculate your take-home salary after all deductions in India

₹ 10,00,000
This is your total CTC (Cost to Company) before any deductions
50%
Usually 40-50% of gross salary. Used for PF calculation (12% of basic)
EPF, PPF, ELSS, Life Insurance, Home Loan Principal, etc. (Max ₹1.5L)
If you receive HRA and pay rent, you can claim exemption
Section 80D (Health Insurance), NPS, Education Loan, etc.
Standard deduction of ₹50,000 for salaried employees

What is Net Salary?

Net Salary (Take-Home Salary) is the actual amount you receive in your bank account after deducting:

  • Income Tax (as per your tax slab)
  • Employee Provident Fund (EPF) - 12% of basic salary
  • Professional Tax (varies by state, max ₹2,500/year)
  • Other deductions (insurance, loans, etc.)

Tax Saving Tips

Maximize 80C

Invest ₹1.5L in PPF, ELSS, EPF, or Life Insurance

Health Insurance

Claim ₹25,000 (₹50,000 for parents) under 80D

HRA Exemption

Claim rent paid if you receive HRA

Education Loan

Interest paid is deductible under 80E

New Tax Regime 2024-25 (₹)

Income Slab Tax Rate Tax Amount
Up to ₹3,00,000 0% Nil
₹3,00,001 - ₹6,00,000 5% 5% of income exceeding ₹3L
₹6,00,001 - ₹9,00,000 10% ₹15,000 + 10% of income exceeding ₹6L
₹9,00,001 - ₹12,00,000 15% ₹45,000 + 15% of income exceeding ₹9L
₹12,00,001 - ₹15,00,000 20% ₹90,000 + 20% of income exceeding ₹12L
Above ₹15,00,000 30% ₹150,000 + 30% of income exceeding ₹15L
* Health and Education Cess: 4% of income tax

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