Take Home Salary Calculator
Find out exactly how much hits your bank account. We break down your CTC into earnings, deductions, and taxes.
Salary Details
12.00 Lakh / year
Estimated Monthly In-Hand
₹87,800
Gross: ₹94,000
Tax: ₹0
PF: ₹6,000
Monthly Breakdown
Earnings
Basic Salary₹50,000
HRA₹25,000
Special Allowance₹19,000
Gross Salary₹94,000
Deductions
Income Tax (TDS)-₹0
Provident Fund (PF)See Growth ↗-₹6,000
Professional Tax-₹200
Total Deductions-₹6,200
Distribution
How is In-Hand Salary Calculated?
Your "In-Hand" or "Net Salary" is what remains after all deductions are subtracted from your Gross Salary. The formula is:
Net Salary = Gross Salary - (PF + Professional Tax + Income Tax)
- Gross Salary: Sum of Basic, HRA, and Special Allowances.
- PF (Provident Fund): 12% of your Basic Salary.
- Professional Tax: A state-level tax, usually ₹200/month in states like Karnataka and Maharashtra.
- Income Tax (TDS): Tax Deducted at Source based on your chosen tax regime (Old vs New).