What is Salary?
The Salary Calculator converts your CTC (Cost to Company) to actual monthly in-hand salary — the amount that hits your bank account every month. This is one of the most searched calculators by Indian job seekers and employees because the gap between CTC and take-home pay is often shockingly large.
CTC includes everything the company spends on you: basic salary, HRA (House Rent Allowance), special allowances, employer PF contribution, employer ESI (if applicable), gratuity provision, medical insurance premium, performance bonus, stock options, and other perks. Your actual in-hand salary is CTC minus all deductions.
Typical CTC to in-hand conversion: a ₹12 LPA CTC translates to roughly ₹75,000-85,000 monthly in-hand (about 75-85% of CTC). A ₹20 LPA CTC gives approximately ₹1,20,000-1,35,000 in-hand. The exact amount depends on your salary structure, PF contribution, professional tax (varies by state: ₹200/month in most states, ₹300 in some), and income tax.
The biggest deductions from your CTC are: (1) Employer PF contribution — 12% of basic, included in CTC but not in your salary, (2) Employee PF contribution — another 12% deducted from your gross salary, (3) Professional Tax — ₹200/month, (4) Income Tax — TDS based on your tax slab, (5) Bonus/Variable — 10-20% of CTC but paid separately, not monthly.
Use our Income Tax Calculator to estimate your tax, HRA Calculator for rent exemption, and EPF Calculator to project your retirement corpus.
Formula
In-Hand Salary = CTC − Employer PF − Employee PF − Professional Tax − Income Tax − Bonus/Variable
Typical salary structure breakdown: - Basic = 40-50% of fixed CTC - HRA = 40-50% of Basic - Special Allowance = Remaining amount - EPF = 12% of Basic (employee) + 12% of Basic (employer) - Professional Tax = ₹200/month (Karnataka, Maharashtra) or ₹150-300/month (varies)
Worked Example — ₹15 LPA CTC: - Bonus/Variable (15%): ₹2,25,000 (paid separately) - Fixed CTC: ₹12,75,000 - Basic (50%): ₹6,37,500/year = ₹53,125/month - HRA (50% of Basic): ₹3,18,750 - Special Allowance: ₹3,18,750 - Employee PF: ₹76,500/year - Employer PF: ₹76,500/year (included in CTC) - Professional Tax: ₹2,400/year - Annual In-Hand ≈ ₹11,19,600 - Monthly In-Hand ≈ ₹93,300
How to use this Salary Calculator?
1. Enter Annual CTC: Type your total CTC as offered in your offer letter or appraisal letter.
2. Set Bonus Percentage: Most companies keep 10-20% as variable/performance bonus. This is part of CTC but paid separately (quarterly/annually).
3. Set EPF Rate: 12% is statutory for most employees. Set to 0% if you have opted out (eligible only if basic > ₹15,000/month).
4. Read Results: See your monthly in-hand salary, annual in-hand, total deductions, and monthly basic pay.
Pro tip: When comparing job offers, compare in-hand salary, not CTC. A company offering ₹15 LPA with 10% variable gives higher monthly in-hand than ₹16 LPA with 25% variable.