1. What is Take Home Salary?

Take home salary is the amount an employee receives after all deductions like income tax, provident fund (PF), professional tax, etc. It represents the actual amount deposited in your bank account.

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

Explanation: This calculation gives you the net amount you'll receive after mandatory deductions.

3. Importance of Salary Calculation

Details: Understanding your take-home pay helps in financial planning, budgeting, and loan applications. It's essential to know how much you actually earn after deductions.

4. Using the Calculator

Tips: Enter all amounts in INR. For accurate results, use your actual salary breakdown from your payslip or employer.

5. Frequently Asked Questions (FAQ)

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

Q2: Are there other deductions not included here?
A: Yes, some companies may deduct for health insurance, ESIC, or other benefits. Check your payslip for complete details.

Q3: How is income tax calculated?
A: Income tax is calculated based on government-defined slabs and your declared investments under sections like 80C, 80D, etc.

Q4: Is professional tax the same across India?
A: No, professional tax rates vary by state. The maximum is ₹2,500/year in most states.

Q5: Can PF be partially withdrawn?
A: Yes, under specific circumstances like medical emergency, home loan repayment, or unemployment.