1. What is In-Hand Salary?

In-Hand Salary is the actual amount an employee receives after all deductions like income tax, provident fund, professional tax, etc. It's the net salary credited to your bank account.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Salary — Total salary before any deductions
• Income Tax — Tax deducted as per income tax slabs
• Provident Fund — Employee's contribution to EPF
• Professional Tax — State-level tax on employment

Explanation: This calculation gives you the net amount you'll actually receive in your bank account after all mandatory deductions.

3. Importance of Salary Calculation

Details: Understanding your in-hand salary helps in financial planning, budgeting, and negotiating better compensation packages.

4. Using the Calculator

Tips: Enter all amounts in INR. For accurate results, use your actual deduction amounts from your salary slip.

5. Frequently Asked Questions (FAQ)

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

Q2: Are there other deductions besides these?
A: Some companies may have additional deductions like insurance premiums, loan repayments, or other benefits.

Q3: How is income tax calculated?
A: Income tax is calculated based on government-defined slabs and your declared investments under various sections.

Q4: Is professional tax the same across India?
A: No, professional tax varies by state and is capped at ₹2,500 per year.

Q5: Can I get exact in-hand salary without payslip?
A: This calculator gives an estimate. For exact figures, refer to your official payslip which includes all deductions.