1. What is Monthly In-Hand Salary?

The monthly in-hand salary is the actual amount an employee receives after all deductions like income tax, provident fund (PF), and professional tax. It represents the net amount credited to your bank account each month.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Salary — Total annual salary before any deductions
• Income Tax — Total annual tax deducted at source
• PF — Provident Fund contribution for the year
• Professional Tax — Annual professional tax paid

Explanation: The formula subtracts all annual deductions from gross salary and divides by 12 to get the monthly amount.

3. Importance of Salary Calculation

Details: Understanding your in-hand salary helps in financial planning, loan applications, and budgeting. It gives a clear picture of your actual take-home pay after all mandatory deductions.

4. Using the Calculator

Tips: Enter your gross annual salary and all annual deduction amounts. The calculator will compute your approximate monthly in-hand salary. All values must be positive numbers.

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, this calculator covers major deductions but your employer may deduct other amounts like health insurance, loan repayments, etc.

Q3: How accurate is this calculation?
A: This provides a basic estimate. For precise figures, consult your salary slip or HR department.

Q4: Does this include bonuses?
A: No, this calculates regular monthly salary. Bonuses are typically paid separately.

Q5: Why is professional tax deducted?
A: Professional tax is a state-level tax on employment in India, with amounts varying by state.