Calculate your net salary after taxes and deductions
Our free take home salary calculator helps employees accurately calculate their net salary after all deductions including income tax, provident fund, professional tax, and other statutory contributions. Understand exactly how much money you'll receive in hand each month.
Perfect for job seekers, employees, HR professionals, and financial planners who need to understand their actual take-home pay and plan their monthly budget effectively.
Includes all statutory deductions - Income Tax, Provident Fund (EPF), Professional Tax, Labour Welfare Fund, and other common salary components with current rates.
Compare both old and new tax regimes to determine which option provides higher take-home salary based on your investments and deductions.
Get complete visibility into your salary structure with percentage and amount breakdowns for each component including basic, HRA, allowances, and deductions.
Understand how different investments (Section 80C, 80D, HRA exemption) impact your take-home salary and help you plan tax-saving investments strategically.
Make informed financial decisions with accurate take-home salary calculations that help you budget effectively and maximize your net income.
CTC (Cost to Company) is your total compensation package including all benefits and employer contributions. Take-home salary is the amount you receive after deducting taxes, PF, professional tax, and other statutory deductions. Typically, take-home is 60-70% of CTC.
EPF contribution is 12% of basic salary from employee and 12% from employer (3.67% to EPF, 8.33% to EPS). The calculation is based on basic salary + dearness allowance. There's a salary ceiling of ₹15,000 per month for mandatory EPF contribution.
Choose the old regime if you have significant investments and deductions (HRA, 80C, 80D, etc.). Choose the new regime if you have minimal investments and want simpler tax filing. Our calculator helps compare both options for your salary level.
Professional tax is a state-level tax deducted from salaried individuals. Rates vary by state but typically range from ₹150-₹250 per month with an annual ceiling of ₹2,500. Some states exempt lower income brackets from professional tax.
Salaried individuals can change tax regimes only once during a financial year, and the change is applicable from the next financial year. For FY 2023-24 onwards, the default regime is new, but you can opt for old regime while filing returns.