1. What is In-Hand Salary?

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

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-imposed professional tax (₹)

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 Indian Rupees (₹). For accurate results, use your actual deduction amounts from your salary slip.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between CTC and in-hand salary?
A: CTC (Cost to Company) includes all benefits and bonuses, while in-hand salary is what you actually receive after deductions.

Q2: How is income tax calculated in India?
A: Income tax is calculated based on your income slab rates as per the current financial year's tax regime.

Q3: Is professional tax the same across all states?
A: No, professional tax varies by state in India, with different slabs and maximum limits.

Q4: Can I change my PF contribution?
A: Generally, EPF contribution is fixed at 12% of basic salary, but some organizations allow voluntary higher contributions.

Q5: Are there other deductions not included here?
A: Yes, some companies may have other deductions like insurance premiums, loan repayments, or charity contributions.