1. What is In-Hand Salary?

In-Hand Salary (also called Take-Home Salary) is the actual amount you receive after all deductions like taxes, provident fund contributions, and professional taxes have been subtracted from your gross salary.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Gross\ Salary \) — Total salary before any deductions (₹)
• \( Income\ Tax \) — Tax deducted as per income tax slabs (₹)
• \( Provident\ Fund \) — Employee's PF contribution (₹)
• \( Professional\ Tax \) — State-specific professional tax (₹)

Explanation: This calculation gives you the net amount that will be credited to your bank account each pay period.

3. Importance of Salary Calculation

Details: Understanding your take-home pay helps in financial planning, budgeting, loan applications, and comparing job offers.

4. Using the Calculator

Tips: Enter all amounts in Indian Rupees (₹). For monthly calculations, multiply monthly figures by 12 for annual amounts. Ensure all deductions are properly accounted for.

5. Frequently Asked Questions (FAQ)

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

Q2: Are there other deductions not included here?
A: Yes, some companies may deduct for health insurance, meal coupons, or other benefits which aren't accounted for in this basic calculator.

Q3: How often is professional tax deducted?
A: Typically monthly, but amounts vary by state in India (usually ₹200-₹250 per month).

Q4: Is PF contribution fixed?
A: Typically 12% of basic salary, but can vary based on company policy and employee choice.

Q5: How accurate is this calculator?
A: It provides a basic estimate. For precise calculations, consult your salary slip or HR department as deductions may vary.