Decode your CTC with
precision

Salary Calculator – Know Your True In-Hand Income

When HR offers you a package, they quote the CTC (Cost to Company). However, the amount that actually hits your bank account at the end of the month—your In-Hand Salary—is significantly lower. Our Salary Calculator helps you reverse-engineer your CTC to understand exactly where your money is going.

What is the difference between CTC, Gross, and Net Salary?

• CTC (Cost to Company): The total amount the company spends on you in a year. This includes your Basic, HRA, Allowances, Variable Bonus, and the Employer's contribution to your PF.
• Gross Salary: CTC minus the Variable Bonus and Employer's PF contribution. This is your fixed monthly earning before any deductions.
• Net In-Hand Salary: Gross Salary minus deductions like Employee PF, Professional Tax, and Income Tax (TDS). This is what you actually take home.

Understanding Standard Deductions

Even if you fall in the 0% tax bracket, your salary will have some standard statutory deductions:

• EPF (Employee Provident Fund): By law, 12% of your Basic Salary is deducted as your contribution to the PF account. (The employer also contributes a matching 12%, which is part of your CTC).
• Professional Tax (PT): A state-level tax levied on salaried employees. It usually amounts to around ₹200 per month (₹2,400 annually) depending on the state.

Why is my Basic Pay Important?

Your Basic Pay is the core of your salary structure. Usually, it is set between 40% to 50% of your Fixed CTC. It is highly crucial because your PF contributions and Gratuity are calculated as a percentage of your Basic Pay. A very high Basic Pay means higher PF deductions (lowering your in-hand), but it also ensures a massive retirement corpus.