Salary Calculation Formula:
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The 7th Central Pay Commission (CPC) salary structure includes Basic Pay along with various allowances and deductions. This calculator helps estimate the in-hand salary after all components are considered.
The calculator uses the following formula:
Where:
Details: Accurate salary calculation helps in financial planning, loan applications, and understanding take-home pay after all deductions.
Tips: Enter all mandatory fields (Basic Pay, DA, HRA). Other fields can be left blank if not applicable. Values should be in INR.
Q1: What is the current DA rate?
A: DA rates are revised quarterly. Check latest government notifications for current percentage.
Q2: How is HRA calculated?
A: HRA depends on city classification (X, Y, Z) and is a percentage of basic pay (24%, 16%, or 8%).
Q3: Are all allowances taxable?
A: Some allowances are fully/partially exempt. Transport allowance up to ₹1,600/month is exempt under Section 10(14).
Q4: What's the standard PF deduction?
A: Typically 12% of (Basic Pay + DA), with equal contribution from employer and employee.
Q5: Can I calculate monthly salary?
A: Yes, enter monthly values instead of annual figures for monthly calculation.