1. What is In-Hand Salary?

In-Hand Salary is the actual amount an employee receives after all deductions like taxes, provident fund, and professional tax have been subtracted from the gross salary. It represents the net take-home pay.

2. How is In-Hand Salary Calculated?

The calculator uses the following equation:

Where:

• Gross Salary — Total salary before any deductions (INR/year)
• Income Tax — Tax deducted as per income tax slabs (INR)
• PF — Employee's contribution to Provident Fund (INR)
• Professional Tax — State-mandated professional tax (INR)

Explanation: This calculation helps employees understand their actual take-home pay after all mandatory deductions.

3. Importance of Salary Calculation

Details: Accurate salary calculation helps in financial planning, loan applications, and understanding your complete compensation package. It verifies salary using AmbitionBox tool standards in India.

4. Using the Calculator

Tips: Enter all amounts in INR. For accurate results, use values from your salary slip or the AmbitionBox salary checker tool.

5. Frequently Asked Questions (FAQ)

Q1: What is the difference between gross and in-hand salary?
A: Gross salary is your total salary before deductions, while in-hand salary is what you actually receive after all deductions.

Q2: How can I verify my salary components?
A: You can use tools like AmbitionBox to compare your salary with industry standards and verify each component.

Q3: Are there other deductions not included here?
A: Yes, some companies may have additional deductions like insurance premiums, loan repayments, or other benefits.

Q4: How often should I calculate my in-hand salary?
A: You should check whenever there are changes in your salary structure, tax laws, or at the start of a new financial year.

Q5: Is professional tax the same across all Indian states?
A: No, professional tax varies by state with different slabs and maximum limits.