FINBIZTOOLS
Salary / Take-Home Salary Calculator
Turn a cost-to-company (CTC) figure into an estimated take-home salary. Enter annual salary components, employer contributions, employee deductions and the income tax or TDS you expect, and the calculator reconciles them to your CTC and shows yearly and monthly take-home.
Private by design · Inputs and downloads stay in your browser
All inputs are annual rupee amounts. CTC is gross pay plus employer costs. Take-home subtracts employee deductions and the tax you enter. Tax is not calculated automatically; 0 TDS means a pre-income-tax estimate. Monthly figures are annual averages.
How to use the Salary / Take-Home Salary Calculator
- Enter the annual CTC from your offer.
- Enter annual basic salary, HRA, special allowance and bonus.
- Enter employer PF and any other annual employer benefits.
- Enter employee PF, professional tax, other employee deductions and your estimated income tax or TDS. Leave TDS at 0 for a pre-tax estimate.
- Select Calculate and check whether the components match your CTC before relying on the take-home figure.
CTC, gross pay and take-home
CTC is the total annual cost of an employee to the employer. It includes the pay you receive and the contributions the employer makes on your behalf, such as employer PF. Take-home pay is what remains of gross pay after employee deductions and tax.
This calculator does not infer PF, professional tax or income tax from your CTC. Those amounts vary by employer and state, so you enter them. Use the Income Tax Calculator to estimate the tax figure.
How the calculation works
Salary formulas
Gross = basic + HRA + special allowance + bonus
Employer contributions = employer PF + other employer benefits
Component CTC = gross + employer contributions
Deductions = employee PF + professional tax + other deductions + income tax / TDS
Take-home = gross − deductions; monthly = annual ÷ 12
- The difference between your entered CTC and the component CTC is shown, not silently treated as salary.
Monthly figures are annual averages, so a bonus is spread evenly across twelve months. Deductions cannot exceed gross pay.
Salary calculation example
The calculator's starting figures: ₹12,00,000 CTC with basic ₹4,80,000, HRA ₹2,40,000, special allowance ₹3,02,400, bonus ₹1,20,000, employer PF ₹57,600, employee PF ₹57,600 and professional tax ₹2,400, with TDS left at 0:
| Annual CTC | ₹12,00,000 |
|---|---|
| Employee PF and professional tax | ₹60,000 |
| Estimated income tax / TDS | ₹0 |
| Annual gross salary | ₹11,42,400 |
|---|---|
| Annual take-home estimate | ₹10,82,400 |
| Monthly take-home (annual average) | ₹90,200 |
The components add up to the entered CTC, so nothing is left unallocated. This figure is before income tax because TDS is 0.
Assumptions and limitations
Assumptions
- Every field is an annual rupee amount that you have taken from your offer letter or payslip.
- PF, professional tax and TDS are entered, not calculated.
- The bonus is paid in full within the year and averaged across twelve months.
Limitations and why results can differ
- Income tax is not calculated. With TDS at 0 the result is a pre-income-tax estimate.
- Monthly figures can differ from payslips because of how bonuses, arrears and variable pay are paid out.
- Employer-specific rules, state professional tax slabs and other benefits are outside the model.
Frequently asked questions
Does this calculate my income tax?
No. Enter your expected annual tax or TDS yourself, or use the Income Tax Calculator to estimate it first.
Why does the calculator show a difference from my CTC?
Because the components you entered do not add up to the CTC. The gap is displayed so you can adjust the inputs instead of assuming it is salary.
Why might my payslip differ from the monthly take-home?
The monthly figure is a yearly average. Payslips can vary with bonus timing, arrears, reimbursements and monthly tax deduction.
Are employer contributions part of take-home?
No. They are part of CTC but are not paid to you as salary.
Methodology
Every field must be a number from 0 to 1,000,000,000, and employee deductions may not exceed gross salary. Nothing is inferred from the CTC you enter.
The calculator adds the four pay components for gross salary, adds the two employer items, compares that total with your CTC and reports any difference. Take-home is gross minus the deductions and tax you entered, and monthly values are the annual value divided by 12. Rounding is applied only for display. The calculation runs in your browser and inputs are not sent to a server.
Last reviewed:
Disclaimer
Results are estimates from the figures you enter. They are not a payslip, an offer or tax advice, and actual take-home depends on your employer’s payroll and tax deduction. Read the full Disclaimer.
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