Gross Salary Formula:
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The Gross Salary Calculator helps determine your total salary before deductions when you know your take-home (net) salary. This is particularly useful for salary negotiations and understanding your complete compensation package in India.
The calculator uses the formula:
Where:
Explanation: The formula reverses the deduction process to arrive at the original gross salary amount.
Details: Knowing your gross salary helps in financial planning, loan applications, and understanding your complete compensation package beyond just take-home pay.
Tips: Enter your net salary in INR/year, tax rate as decimal (e.g., 0.2 for 20%), PF rate (default 0.12 for 12%), and professional tax rate. All values must be valid positive numbers.
Q1: What's the typical PF rate in India?
A: The standard PF contribution rate is 12% of basic salary (0.12 decimal), with equal contributions from employee and employer.
Q2: How do I find my tax rate?
A: Check the latest income tax slabs for India. Your rate depends on your income level and chosen tax regime (old vs new).
Q3: What is professional tax?
A: A state-level tax on employment, typically ranging from ₹0-₹2,500 per year depending on the state and salary level.
Q4: Are there other deductions not included here?
A: Yes, this calculator focuses on major deductions. Others may include ESI, meal coupons, insurance, etc.
Q5: Why might my actual gross differ?
A: Some components like bonuses, allowances, or special deductions may not be accounted for in this basic calculation.