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Salary Calculator
Calculate your take-home salary from CTC with detailed breakdown of components and deductions
Annual CTC
₹6,00,000
Gross salary
Take-Home Salary
₹5,52,798
92.1% of CTC
Monthly Salary
₹46,067
Net monthly income
Total Deductions
₹47,202
Tax + PF + Other
₹
Salary Components (%)
Fixed Allowances (Annual)
Personal Details
HRA Calculation
Salary Breakdown
Basic Salary: ₹2,40,000
HRA: ₹1,20,000
Dearness Allowance: ₹60,000
Conveyance: ₹19,200
Medical: ₹15,000
Special Allowance: ₹1,45,800
Other Allowances: ₹0
Gross Salary: ₹6,00,000
Deductions
Employee PF (12%): ₹28,800
Employee ESI (0.75%): ₹4,500
Professional Tax: ₹2,400
Income Tax: ₹11,502
Total Deductions: ₹47,202
Employer Contributions
Employer PF (12%): ₹28,800
Employer ESI (3.25%): ₹19,500
Gratuity (4.81%): ₹11,544
Total Employer Cost: ₹6,59,844
Tax Summary
Taxable Income: ₹5,21,200
Income Tax: ₹11,502
Effective Tax Rate: 1.9%
Monthly Breakdown
Gross Monthly
₹50,000
Monthly Deductions
₹3,934
Net Monthly
₹46,067
Take-Home %
92.1%
Understanding Salary Components
Salary Components
- • Basic Salary: Core component (30-50% of CTC)
- • HRA: House Rent Allowance (eligible for exemption)
- • DA: Dearness Allowance (cost of living adjustment)
- • Special Allowance: Balancing component
- • Conveyance: Transport allowance (tax-free up to ₹1,600/month)
Tax Optimization Tips
- • Claim HRA exemption if paying rent
- • Maximize Section 80C investments (₹1.5 lakh)
- • Consider health insurance for 80D benefits
- • Choose appropriate tax regime (old vs new)
- • Plan tax-saving investments early in the year
PF & ESI Rules
- • PF: 12% each from employee & employer
- • ESI: Applicable if salary ≤ ₹21,000/month
- • PF is tax-free on withdrawal after 5 years
- • ESI provides medical benefits to employees
- • Gratuity: 4.81% of basic salary
Salary Negotiation Tips
- • Focus on CTC vs. take-home balance
- • Negotiate for better component structure
- • Consider perks like fuel, food allowances
- • Evaluate total compensation package
- • Understand tax implications of each component