1. What is Take Home Salary?

Take home salary is the amount an employee receives after all deductions like income tax, provident fund (PF), professional tax, etc. For a ₹35 lakhs annual package, the actual in-hand salary will be significantly lower after these deductions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Annual Salary — ₹35,00,000 (fixed in this calculator)
• Income Tax — As per your tax bracket and deductions
• PF — Employee's contribution to Provident Fund (typically 12% of basic salary)
• Professional Tax — State-specific tax (typically ₹200-₹250 per month)

3. Understanding Salary Components

Income Tax: Calculated based on your tax slab after considering deductions under Section 80C, 80D, etc. For ₹35 lakhs, the tax would be approximately ₹7-8 lakhs depending on deductions.

Provident Fund (PF): Typically 12% of basic salary (up to ₹15,000 basic salary). For higher salaries, PF may be capped at ₹1,800 per month.

Professional Tax: Varies by state, typically ₹200-₹250 per month (₹2,400-₹3,000 annually).

4. Using the Calculator

Tips: Enter your estimated income tax (consult a tax advisor for accurate amount), PF contributions, and professional tax. The calculator will show your annual and monthly take-home salary.

5. Frequently Asked Questions (FAQ)

Q1: What's the typical take-home for ₹35 lakhs?
A: Approximately ₹22-24 lakhs annually (₹1.8-2 lakhs monthly) after standard deductions.

Q2: How can I reduce my tax liability?
A: Maximize deductions under Section 80C, 80D, HRA, home loan interest, etc.

Q3: Is PF mandatory for all employees?
A: Yes, for organizations with 20+ employees, PF is mandatory for those earning up to ₹15,000 basic salary.

Q4: Why is professional tax different across states?
A: Professional tax is a state levy, so rates vary by state government policies.

Q5: Are there other deductions not shown here?
A: Yes, some companies may deduct for health insurance, meal coupons, or other benefits.