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Paycheck Calculator

Enter Salary Details
Your total monthly CTC
Usually 40-50% of gross
Leave 0 to auto-calculate (50% of Basic)
Special allowance, conveyance, etc.
Your Salary Breakdown

Enter your salary details to see the breakdown

Key Features

Accurate PF Calculation

Calculates 12% employee PF contribution on basic salary as per EPFO rules.

State-wise Professional Tax

Applies correct Professional Tax based on your state's tax structure.

TDS Estimation

Estimates monthly TDS based on new/old tax regime and annual income.

Complete Breakdown

Shows detailed earnings and deductions with annual projections.

How to Use This Calculator

  1. Enter Monthly Gross Salary: Your total CTC divided by 12 (or monthly salary as per offer letter).
  2. Set Basic Salary Percentage: Usually 40-50% of gross. Check your payslip for exact percentage.
  3. Enter HRA: Leave 0 to auto-calculate as 50% of basic, or enter actual HRA from payslip.
  4. Add Other Allowances: Include special allowance, conveyance, medical, etc.
  5. Select PF Contribution: Standard is 12%, some companies offer 10% or opt-out.
  6. Choose Your State: For accurate Professional Tax calculation.
  7. Select Tax Regime: New regime has lower rates but fewer deductions.

Understanding Your Results

Earnings Components

Basic Salary: Foundation of your salary structure. PF and gratuity are calculated on this.

HRA: House Rent Allowance. Can be claimed as tax exemption if you pay rent.

Other Allowances: Special allowance, conveyance, medical - fully taxable.

Deduction Components

PF: 12% of basic goes to your PF account. This is your retirement savings.

Professional Tax: State tax on profession. ₹200/month in most states.

TDS: Tax Deducted at Source based on your annual tax liability.

Salary Calculation Formulas

Basic Salary = Gross Salary × Basic %
HRA = Basic Salary × 50% (metro) or 40% (non-metro)
PF Deduction = Basic Salary × 12%
Take-Home = Gross - PF - Professional Tax - TDS

Note: TDS calculation is complex and depends on annual income, exemptions claimed, and tax regime chosen. This calculator provides an estimate.

Real-World Examples

Scenario Gross Salary Basic (40%) PF (12%) PT TDS (Est.) Take-Home
Entry Level ₹30,000 ₹12,000 ₹1,440 ₹200 ₹0 ₹28,360
Mid Level ₹75,000 ₹30,000 ₹3,600 ₹200 ₹5,000 ₹66,200
Senior Level ₹1,50,000 ₹60,000 ₹7,200 ₹200 ₹20,000 ₹1,22,600

Common Mistakes to Avoid

❌ Confusing CTC with Take-Home
CTC includes employer PF and other benefits. Take-home is 25-35% less than CTC.
❌ Ignoring Tax Planning
Not utilizing 80C (₹1.5L), HRA exemption can cost you thousands in extra tax.
❌ Wrong Tax Regime
New regime isn't always better. Compare both with your actual deductions.
❌ Forgetting Professional Tax
₹2,400/year might seem small but adds up over career.

CTC vs In-Hand Salary Comparison

Annual CTC Monthly CTC Approx. Monthly Take-Home Take-Home %
₹3 LPA ₹25,000 ₹23,000 - ₹24,000 92-96%
₹6 LPA ₹50,000 ₹42,000 - ₹45,000 84-90%
₹10 LPA ₹83,333 ₹65,000 - ₹70,000 78-84%
₹15 LPA ₹1,25,000 ₹95,000 - ₹1,05,000 76-84%
₹25 LPA ₹2,08,333 ₹1,45,000 - ₹1,60,000 70-77%

Frequently Asked Questions

CTC (Cost to Company) is the total package including basic, HRA, allowances, employer PF contribution, gratuity, insurance, etc. Take-Home Salary is what you actually receive after deducting employee PF, Professional Tax, and TDS. Typically, take-home is 65-80% of CTC depending on tax bracket.

PF is calculated as 12% of Basic Salary. Both employee and employer contribute 12% each. Employee's 12% is deducted from salary. Employer's 12% is split: 8.33% to Pension Fund and 3.67% to PF. For Basic above ₹15,000/month, employer pension contribution is capped at ₹1,250/month.

New Regime: Lower tax rates but no deductions (80C, HRA, etc.) allowed. Best if you don't have many investments or pay rent.
Old Regime: Higher rates but allows all deductions. Best if you have ₹1.5L+ in 80C investments and pay significant rent. Calculate both to decide.

Professional Tax is a state-level tax on salaried individuals and professionals. It's deducted by your employer monthly. Rates vary by state (₹200/month in Maharashtra, Karnataka; ₹0 in Delhi, Rajasthan). Maximum is ₹2,500/year as per Constitution. It's deductible under Income Tax.

  • Optimize salary structure (more allowances, less basic)
  • Claim HRA exemption if paying rent
  • Maximize 80C investments (₹1.5L limit)
  • Use NPS for additional ₹50,000 deduction
  • Claim health insurance premium (80D)
  • Request flexible benefits (LTA, food coupons)

Additional Resources

Income Tax India
Official income tax portal for e-filing and tax information
EPFO Portal
Check PF balance and claim status
Multicalc Team
Multicalc Finance Team

Certified Financial Planners & Tax Consultants

Our team of experienced finance professionals ensures all calculators provide accurate results based on current Indian tax laws and EPFO guidelines. We regularly update our tools to reflect the latest budget changes.

Quick Tips
  • Negotiate Basic: Lower basic = lower PF = higher take-home (but less retirement savings)
  • Claim HRA: If paying rent, submit rent receipts to save tax
  • Use 80C: Invest ₹1.5L in ELSS, PPF, or insurance to save up to ₹46,800 tax
  • NPS Extra: Get additional ₹50,000 deduction under 80CCD(1B)
  • Compare Regimes: Calculate tax under both old and new regime before choosing
Disclaimer
This calculator provides estimates based on standard deduction rules. Actual take-home salary may vary based on your specific salary structure, employer policies, tax declarations, and applicable exemptions. Consult a tax professional for accurate tax planning. TDS calculation is complex and depends on annual income, exemptions claimed, and tax regime chosen.
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