Salary Calculator
Calculate your monthly in-hand salary, PF deductions, TDS, and net take-home pay. Switch between Old and New tax regimes to compare.
New regime (FY2024-25): Lower rates, no exemptions. Suitable for most salaried employees.
Net Take-Home / Month
₹89,083.33
Gross Monthly
₹1,00,000
Total Deductions / Month
₹10,916.67
PF: ₹4,800 · PT: ₹200 · TDS: ₹5,917
Take-Home vs Deductions
- Take-Home 89.1%
- Deductions 10.9%
Monthly Salary Breakdown
| Component | Amount / Month |
|---|---|
| Basic Salary | ₹40,000 |
| HRA | ₹20,000 |
| Special Allowance | ₹35,200 |
| PF Deduction | − ₹4,800 |
| Professional Tax | − ₹200 |
| TDS (Income Tax) | − ₹5,917 |
| Net Take-Home Pay | ₹89,083.33 |
Results are indicative. Consult your HR/payroll for exact figures.
How is Salary Calculated?
Indian payroll typically splits the CTC into Basic, HRA, and Special Allowance. Deductions include PF, Professional Tax, and TDS.
TDS is computed on annual taxable income (CTC − annual PF − annual PT) using the applicable tax regime slabs, then divided by 12.
Frequently Asked Questions
What is the difference between Old and New tax regime? ▼
The Old regime allows deductions like HRA, 80C, 80D etc., but has higher slab rates. The New regime (FY2024-25) offers lower slab rates but most exemptions are not available. For most salaried employees without large investments, the New regime is beneficial.
What is Professional Tax? ▼
Professional Tax is a state-level tax levied on salaried employees. It varies by state — Maharashtra charges up to ₹200/month, while some states charge nothing. The maximum is ₹2,500 per year.
What is PF and how is it calculated? ▼
Provident Fund (PF) is a retirement savings scheme. The standard employee contribution is 12% of Basic Salary. Your employer also contributes 12%, but that is not deducted from your take-home. PF contributions are tax-exempt under Section 80C in the Old regime.
Is this calculator accurate for my exact salary? ▼
This calculator uses standard salary structure assumptions (Basic = 40% of CTC, HRA = 50% of Basic). Actual salary structures vary by employer. For exact figures, refer to your salary slip or consult your HR/payroll team.
Frequently Asked Questions
What is CTC and how is it different from in-hand salary? ▼
CTC (Cost to Company) is the total annual cost an employer incurs for an employee, including salary, PF contributions, gratuity, and other benefits. In-hand salary is what you actually receive after deducting PF, professional tax, and TDS.
Which tax regime is better — Old or New? ▼
The New Tax Regime offers lower tax rates but fewer deductions. The Old Regime allows deductions under 80C, 80D, HRA, etc. If your total deductions exceed ₹3.75 lakh, the Old Regime is typically better. Use this calculator to compare both.
What is PF and how is it calculated? ▼
PF (Provident Fund) is a retirement savings scheme. Both employee and employer contribute 12% of basic salary. The employee's contribution is deducted from salary; the employer's contribution is part of CTC but not deducted from take-home.