1. What is Take Home Salary?

The take-home salary (or in-hand salary) is the amount an employee receives after all deductions like income tax, provident fund (PF), professional tax, etc. have been subtracted from the gross salary.

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 (usually up to ₹2,500/year)

3. Understanding Salary Components

Details: For TCS employees, typical deductions include income tax (as per applicable slabs), PF (12% of basic salary), and professional tax (varies by state).

4. Using the Calculator

Tips: Enter all values in INR. For accurate results, use your actual gross salary and deduction amounts from your payslip.

5. Frequently Asked Questions (FAQ)

Q1: What is the typical PF deduction for TCS employees?
A: Typically 12% of basic salary, with an equal contribution from the employer.

Q2: How is income tax calculated?
A: Based on your annual income and applicable tax slabs. TCS deducts tax as per your declared investments and exemptions.

Q3: Does professional tax vary by state?
A: Yes, professional tax rates differ across Indian states, typically ranging from ₹0 to ₹2,500 per year.

Q4: Are there other common deductions?
A: Other deductions may include meal coupons, insurance premiums, or loan repayments if applicable.

Q5: How can I increase my take-home salary?
A: Through tax-saving investments (under Section 80C), HRA exemptions, and other eligible deductions.