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 — Provident Fund contribution (typically 12% of basic salary)
• Professional Tax — State-specific tax deducted from salary

3. Importance of Salary Calculation

Details: Understanding your in-hand salary helps in financial planning, budgeting, and negotiating better compensation packages.

4. Using the Calculator

Tips: Enter your gross annual salary and all applicable deductions. The calculator will compute your net take-home salary.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between CTC and in-hand salary?
A: CTC (Cost to Company) includes all benefits and deductions, while in-hand salary is what you actually receive after all deductions.

Q2: How is PF calculated?
A: Typically 12% of basic salary, with equal contribution from employer and employee.

Q3: Is professional tax same across India?
A: No, it varies by state with different slabs and maximum limits.

Q4: Are there other deductions not included here?
A: Yes, deductions like ESIC, TDS, loan recoveries etc. may apply depending on your situation.

Q5: How accurate is this calculator?
A: It provides a basic estimate. For exact figures, consult your payroll department or tax advisor.