A salary calculator is an online tool that helps you estimate your take-home pay by deducting taxes, PF, and other contributions from your gross salary. It provides a clear breakdown of earnings and deductions to assist with salary planning, job offers, and tax optimization.
A salary calculator instantly computes your net pay after deductions, saving time and reducing errors. It’s especially helpful when evaluating job offers, planning taxes, or understanding salary structure. Ideal for employees, freelancers, and job seekers to make smart financial decisions without expert help.
A salary calculator uses the formula:
In-hand Salary = CTC - (EPF + Professional Tax + Income Tax + Other Deductions)
Example:
CTC = ₹10,00,000
Deductions = ₹1,50,000
In-hand Salary = ₹8,50,000/year or ₹70,833/month
This helps estimate real earnings and plan finances better.
It factors in standard tax exemptions, allowances like HRA, and applicable deductions to estimate taxable income accurately.
Deductions include income tax, provident fund, professional tax, and other statutory contributions.
Yes, a hike calculator estimates the new salary after applying a raise percentage, while a routine calculator computes current take-home pay.
It subtracts taxes and deductions from the CTC to show the actual amount an employee receives.
Yes, but inputs like tax slabs and deductions may vary based on employment type.
Typically, yes—it shows how much of the salary is gross vs. net after deductions.