Take Home Salary Calculator
Calculate your net salary after all deductions (Income Tax, PF, Professional Tax, Insurance)
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Monthly Salary Breakdown
Detailed Salary Breakdown
Salary Comparison
| Salary (₹ LPA) | Monthly Gross | Monthly Take Home | Tax Rate |
|---|
How Take Home Salary is Calculated
Understanding Salary Components
Your take-home salary is calculated by subtracting various deductions from your gross salary:
Calculation Formula:
Take Home Salary = Gross Salary - (Income Tax + PF + Professional Tax + Insurance) + Bonus
Income Tax Slabs (Old Regime - FY 2024-25)
| Income Range (₹) | Tax Rate | Tax Amount |
|---|---|---|
| Up to ₹3,00,000 | 0% | ₹0 |
| ₹3,00,001 - ₹6,00,000 | 5% | ₹15,000 |
| ₹6,00,001 - ₹9,00,000 | 10% | ₹30,000 |
| ₹9,00,001 - ₹12,00,000 | 15% | ₹45,000 |
| ₹12,00,001 - ₹15,00,000 | 20% | ₹60,000 |
| Above ₹15,00,000 | 30% | 30% of income |
Professional Tax Rates by State (Monthly)
| State | Salary ≤ ₹15,000 | Salary > ₹15,000 | Maximum |
|---|---|---|---|
| Maharashtra | ₹0 | ₹200 | ₹2,500 |
| Karnataka | ₹0 | ₹200 | ₹2,500 |
| Tamil Nadu | ₹0 | ₹100-208 | ₹2,500 |
| West Bengal | ₹0 | ₹110-208 | ₹2,500 |
| Gujarat | ₹0 | ₹80-200 | ₹2,500 |
| Delhi | No Professional Tax | ||
About Provident Fund (PF)
EPF is a retirement benefits scheme where both employee and employer contribute 12% each of the basic salary + dearness allowance. The employee's contribution is deducted from salary.
Formula: PF = 12% of (Basic Salary + Dearness Allowance)
Frequently Asked Questions
What is take-home salary?
Take-home salary (net salary) is the amount you receive after all deductions like income tax, provident fund (PF), professional tax, and other deductions from your gross salary.
What's the difference between CTC and take-home salary?
CTC (Cost to Company) includes your entire compensation package including benefits and employer contributions. Take-home salary is what actually gets deposited in your bank account after all deductions.
How is income tax calculated on salary?
Income tax is calculated based on the tax slabs applicable for the financial year. You can choose between old and new tax regimes. Standard deduction of ₹50,000 is available in both regimes.
What is professional tax?
Professional tax is a tax levied by state governments on salaried individuals. Rates vary by state, with a maximum of ₹2,500 per year. Some states like Delhi don't have professional tax.
Can I change my tax regime every year?
Yes, salaried individuals can choose between old and new tax regime each financial year. The choice should be made at the beginning of the financial year.