1. What is Gross Salary?

Gross Salary is the total salary paid by an employer to an employee before any deductions. It includes basic salary, house rent allowance (HRA), special allowances, and other components.

2. How Does the Calculator Work?

The calculator uses the Gross Salary formula:

Where:

• \( \text{Basic Salary} \) — Base salary component (INR/year)
• \( \text{HRA} \) — House Rent Allowance (INR)
• \( \text{Special Allowance} \) — Performance or special allowances (INR)
• \( \text{Other Allowances} \) — Any additional allowances (INR)

Explanation: The formula sums all salary components to give the total compensation before deductions.

3. Importance of Gross Salary Calculation

Details: Knowing your gross salary helps in financial planning, loan applications, and understanding your complete compensation package. It's also the basis for calculating taxable income.

4. Using the Calculator

Tips: Enter all salary components in Indian Rupees (INR). The calculator accepts yearly figures for basic salary and monthly figures for allowances (which will be annualized in the calculation).

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between gross and net salary?
A: Gross salary is before deductions (taxes, PF, etc.), while net salary is the amount you actually receive after all deductions.

Q2: Is HRA always part of gross salary?
A: Yes, HRA is typically included unless you're living in your own house and have opted out of HRA benefits.

Q3: Are bonuses included in gross salary?
A: Bonuses are typically separate from regular salary components but are part of total compensation.

Q4: How does this differ from CTC?
A: Cost to Company (CTC) includes all benefits (insurance, PF, etc.) while gross salary is just the direct cash components.

Q5: Is gross salary the same across all companies?
A: No, salary structures vary between companies, though most include basic salary, HRA, and allowances.