1. What is In-Hand Salary?

In-Hand Salary is the actual amount an employee receives after all deductions like Income Tax, Provident Fund (PF), and Professional Tax have been subtracted from the Gross Salary.

2. How is Salary Calculated?

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 on employment

3. Components of Salary Calculation

Details: For CA firm employees in India, salary structure typically includes basic pay, HRA, special allowances, with deductions for taxes and social security contributions.

4. Using the Calculator

Tips: Enter all amounts in Indian Rupees (INR). Gross salary should be annual amount while other deductions can be monthly or annual (consistent units required).

5. Frequently Asked Questions (FAQ)

Q1: What is the typical PF contribution for CA firm employees?
A: Typically 12% of basic salary from employee and 12% matching from employer, though this may vary.

Q2: How is professional tax calculated?
A: Professional tax varies by state in India, typically ranging from ₹200-₹2,500 per year.

Q3: Are there other common deductions not included here?
A: Some firms may deduct for medical insurance, ESIC (for lower salary employees), or other benefits.

Q4: Is this calculator specific to India?
A: Yes, this follows Indian tax and deduction rules. Other countries have different tax structures.

Q5: How accurate is this calculator?
A: It provides basic estimation. Actual salary may vary based on specific company policies and exact tax calculations.