1. What is In-Hand Salary?

In-Hand Salary is the actual amount an employee takes home after all deductions like income tax, provident fund (PF), professional tax, and other statutory deductions.

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 — Employee's contribution to Provident Fund
• Professional Tax — State-level tax on employment

3. Importance of Salary Calculation

Details: Understanding your in-hand salary helps in financial planning, loan applications, and understanding your actual take-home pay versus your gross salary.

4. Using the Calculator

Tips: Enter all values in INR. Gross salary should be your annual salary before any deductions. Other fields should contain the amounts deducted from your salary.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between gross and in-hand salary?
A: Gross salary is your total salary before deductions, while in-hand salary is what you actually receive after all deductions.

Q2: Are there other deductions not included here?
A: Yes, some companies may have other deductions like health insurance, loan repayments, or other benefits which aren't accounted for in this basic calculation.

Q3: How is income tax calculated?
A: Income tax is calculated based on government-defined tax slabs and may include various exemptions and deductions.

Q4: Does professional tax vary by state?
A: Yes, professional tax rates and slabs vary across different Indian states.

Q5: Is PF contribution fixed?
A: Typically, PF is 12% of basic salary, but this can vary based on company policy and employee choice.