Salary Calculator
Calculate your take-home salary after all deductions and taxes
Gross vs Net
Gross is total salary, Net is what you actually receive after deductions
Tax Deductions
Income tax calculated based on your salary slab and country
PF Contribution
12% of basic salary goes to Provident Fund for retirement
Salary Breakdown
Gross Salary
₹ 10,00,000
Before deductions
Total Deductions
₹ 1,72,500
Tax + PF + PT
Take Home
₹ 8,27,500
Net annual salary
Detailed Breakdown
Income Tax
₹ 1,12,500
11.25% of gross
Provident Fund
₹ 60,000
12% of basic
Professional Tax
₹ 2,500
State tax
Bonus/Incentives
₹ 1,50,000
15% of gross
Monthly Breakdown
Monthly Gross
₹ 83,333
Gross ÷ 12
Monthly Take Home
₹ 68,958
Net ÷ 12
Daily Rate
₹ 2,267
Net ÷ 365
Hourly Rate
₹ 283
Daily ÷ 8
How Salary Calculation Works
Take-Home Salary Formula:
Take Home Salary = Gross Salary - (Income Tax + PF + Professional Tax + Other Deductions)
Income Tax Slabs (India - FY 2024-25):
| Income Range | Tax Rate | Quick Calculation |
|---|---|---|
| Up to ₹3,00,000 | 0% | No tax |
| ₹3,00,001 - ₹6,00,000 | 5% | 5% of amount above ₹3L |
| ₹6,00,001 - ₹9,00,000 | 10% | ₹15,000 + 10% of amount above ₹6L |
| ₹9,00,001 - ₹12,00,000 | 15% | ₹45,000 + 15% of amount above ₹9L |
| ₹12,00,001 - ₹15,00,000 | 20% | ₹90,000 + 20% of amount above ₹12L |
| Above ₹15,00,000 | 30% | ₹1,50,000 + 30% of amount above ₹15L |
Key Components:
💼 Basic Salary:
50% of gross (for PF calculation)
🏦 Provident Fund:
12% of basic salary (employee contribution)
🏛️ Professional Tax:
₹200-₹2,500 monthly (varies by state)
💰 Annual Bonus:
Typically 8.33%-20% of basic salary
💡 Pro Tip: You can reduce taxable income through investments in:
- Section 80C: Up to ₹1.5L (PPF, ELSS, Life Insurance, etc.)
- Section 80D: Health Insurance premium
- HRA: House Rent Allowance exemption
- Home Loan Interest: Section 24(b) deduction
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