In-Hand Monthly Salary Calculator
Estimate your net monthly take-home salary after factoring in EPF contribution, professional tax, and income tax TDS.
Salary Deduction Analysis
Your CTC to net take-home salary calculation breakdown:
Gross Monthly Pay
Your base monthly remuneration before any statutory deductions.
PF & Tax Deductions
Deductions including employee EPF share, Professional Tax, and Income Tax TDS.
Net Take-Home
The actual monthly cash credited to your bank account.
How is it calculated?
In-Hand = Gross\,Salary - (EPF + Professional\,Tax + TDS)Gross salary excludes employer match. Deducts employee EPF (usually 12% of basic), professional tax (fixed slab e.g., ₹200), and projected income tax TDS divided by 12.
Worked Examples
CTC of ₹12 Lakhs with default deductions
For a ₹1,00,000 monthly gross salary, subtracting ₹1,800 EPF, ₹200 professional tax, and ₹7,500 tax TDS yields a net in-hand monthly salary of ₹90,500.
CTC of ₹6 Lakhs
Gross salary is ₹50,000. With basic salary of ₹20,000, EPF is ₹2,400. Income tax is negligible. Net monthly take-home is ₹47,400.
De-mystifying Your Salary: CTC vs. Net Take-Home
Understanding CTC, Gross, and Take-Home Salary
Salaried employees often see a significant difference between their Cost to Company (CTC) and the cash credited to their bank accounts. Understanding salary components is key to budgeting and job negotiations.
- CTC (Cost to Company) represents the total annual expenditure an employer incurs on an employee. It includes basic salary, allowances, bonuses, and employer matches for PF, health insurance, and gratuity.
- Net Take-Home is the actual cash you receive monthly after deducting your share of EPF, Professional Tax, and Income Tax TDS.
Deductions Explained: EPF, PT, and Tax TDS
Your salary is subject to statutory monthly deductions:
1. Employee EPF Share: 12% of basic salary, which accumulates for retirement.
2. Professional Tax (PT): A state-levied tax ranging from ₹100 to ₹250 per month.
3. Tax TDS (Tax Deducted at Source): Income tax withheld by the employer based on your projected annual income slab.
Frequently Asked Questions
How is TDS calculated on my monthly salary?
Is employer PF contribution part of my CTC?
Results are estimates and should not be considered financial advice.