1. What is In-Hand Salary?

In-hand salary is the actual amount an employee receives after all deductions like income tax, provident fund (PF), professional tax, etc. It's the net amount credited to your bank account each month.

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
• PF — Provident Fund contribution (typically 12% of basic salary)
• Professional Tax — State-specific tax on employment

3. Importance of Salary Calculation

Details: Understanding your in-hand salary helps in financial planning, loan applications, and ensuring correct salary payments from your employer.

4. Using the Calculator

Tips: Enter all amounts in INR. For monthly calculations, multiply monthly figures by 12 for annual amounts. Ensure all values are positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the typical PF deduction at Capgemini?
A: Typically 12% of basic salary, with equal contribution from employer (not included in this calculation).

Q2: How is income tax calculated?
A: Based on government tax slabs. This calculator requires you to input the tax amount directly.

Q3: Does professional tax vary by state?
A: Yes, professional tax rates differ across Indian states (typically ₹200-₹250 per month).

Q4: Are there other deductions not included here?
A: Yes, there might be other deductions like health insurance, meal coupons, etc. not accounted for in this basic calculator.

Q5: Can I use this for monthly salary calculation?
A: Yes, just enter monthly figures and the result will be your monthly in-hand salary.