1. What is TCS Salary Calculation?

The TCS Salary Calculator helps employees estimate their take-home pay by accounting for various deductions from gross salary including income tax, provident fund (PF), and professional tax.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Gross\ Salary \) — Total annual salary before deductions (INR)
• \( Income\ Tax \) — Annual tax deduction (INR)
• \( PF \) — Provident Fund contribution (INR)
• \( Professional\ Tax \) — State professional tax (INR)

Explanation: This calculation provides the net salary after all mandatory deductions.

3. Importance of Salary Calculation

Details: Understanding salary breakdown helps in financial planning and ensures employees are aware of all deductions from their gross pay.

4. Using the Calculator

Tips: Enter all values in INR. Gross salary should be your annual CTC (Cost to Company) figure. Deduction amounts can be obtained from your payslip or HR department.

5. Frequently Asked Questions (FAQ)

Q1: What is included in gross salary?
A: Basic pay, allowances (HRA, DA, etc.), bonuses, and other fixed components before any deductions.

Q2: How is income tax calculated?
A: Based on your tax slab. TCS typically deducts tax at source (TDS) as per government norms.

Q3: What is the PF contribution rate?
A: Typically 12% of basic salary, with equal contributions from employee and employer.

Q4: Does professional tax vary by state?
A: Yes, professional tax rates differ across Indian states, typically ranging from ₹0-₹2,500 annually.

Q5: Are there other deductions not included here?
A: This calculator covers major deductions, but there may be others like ESIC, meal coupons, or insurance premiums.