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Salary ToolFreeInformational

Salary Calculator (Monthly ↔ Annual)

Calculate your estimated take-home salary using a simple breakdown: gross pay + bonus minus common deductions like PF and professional tax. This is a practical estimate for planning — always verify with your salary slip.

Enter details
Choose input mode (monthly or annual), then add bonus and deductions.

Input mode

Switch between monthly and annual gross.

MonthlyAnnual
$

Enter your gross figure before deductions. Use numbers only.

$

Add yearly bonus/incentive amount if you receive it.

Important Considerations

  • This tool provides an estimate; actual take-home pay may vary.
  • Tax calculations (TDS) are complex and depend on many factors not included here.
  • Deductions vary across employers
  • Monthly planning should always use net income

Maximizing Tax Benefits in India (2024-25)

Choosing between the Old and New tax regimes is the biggest decision for Indian taxpayers. The **New Tax Regime** is now the default and offers lower tax rates but removes most deductions (like 80C, 80D, and HRA). The **Old Tax Regime** allows for significant tax savings if you have high investments in LIC, PPF, Home Loans, and Health Insurance.

When to choose New Regime?

Best for those who prefer simple filing and have total deductions less than ₹3.75 Lakhs (for high income earners).

When to choose Old Regime?

Best if you have a home loan (Section 24b), heavy 80C investments, and pay significant house rent (HRA).

Monthly deductions

These reduce your take-home pay.

$
$
$

Example: insurance premium, canteen, loans, etc.

Show CTC view (optional)

Adds employer contributions (like employer PF) to show a CTC-style total.

Results
Live calculation based on your inputs (updates instantly).

Estimated take-home (monthly)

$80,000

After PF + professional tax + other deductions.

Estimated take-home (annual)

$960,000

Includes annual bonus (if entered).

Breakdown

Quick summary of how we computed the estimate.

Gross (monthly base)$80,000
Gross (annual base)$960,000
Annual bonus$0
Gross total (annual)$960,000
Deductions (monthly)$0
Deductions (annual)$0
Estimated take-home (monthly)$80,000
Estimated take-home (annual)$960,000

Tip

For best accuracy, copy PF/professional tax values from your salary slip. Tax (TDS) rules vary by regime, exemptions, and deductions, so we keep this tool simple.

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How to use a salary calculator
Understand gross salary, deductions, take-home, and CTC — in plain language.

A salary calculator helps you estimate your take-home pay by starting with your gross salary and subtracting common deductions. People often use it for budgeting, switching jobs, negotiating offers, and planning fixed commitments like rent or EMIs.

In most payroll structures, your “gross salary” is the amount before deductions. Your “take-home salary” (also called “net salary”) is what you actually receive in your bank account after deductions like employee PF, professional tax, insurance premiums, or other items.

Companies may also talk about “CTC” (Cost to Company). CTC can include employer contributions (like employer PF), benefits, insurance, and other components that are not directly paid to you monthly. That’s why your CTC and take-home can look very different.

Gross vs net salary
  • Gross salary: total salary before deductions.
  • Net salary (take-home): salary after deductions.
  • Deductions can include PF, professional tax, insurance, and other payroll items.
  • Taxes (TDS) depend on your income, regime, exemptions, and deductions — and can change over time.

Old vs New Tax Regime (India)

In India, you can choose between the Old Regime (higher slabs but allows exemptions like 80C, HRA, LTA) and the New Regime (lower slabs but fewer exemptions). Since FY 2023-24, the New Regime is the default. Our simple calculator focuses on payroll deductions; for detailed tax planning, always consult an expert.

This tool focuses on a practical breakdown that is easy to understand and useful for planning. If you want a full tax calculator later, you can build a separate “Income Tax Calculator” tool.

Salary calculator FAQ

Is this salary calculator accurate?

It’s a practical estimate. For exact results, use your salary slip and official tax computations. Actual take-home can vary due to TDS, benefits, reimbursements, and company-specific policies.

Why is my CTC higher than take-home?

CTC can include employer contributions and benefits that are not paid as cash monthly. Take-home reflects what you receive after deductions.

Can I use this for budgeting?

Yes. Your monthly take-home estimate is great for planning rent, EMIs, savings targets, and fixed monthly expenses.

Does this include income tax?

No. Income tax calculations depend on many personal factors. This tool keeps things simple and fast by focusing on common deductions you can directly enter.

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