What is the Salary Calculator?
The FinanceDeck Salary Calculator converts your annual Cost-To-Company (CTC) into a realistic monthly in-hand figure. It deducts employee Provident Fund at 12% of basic, employer gratuity accrual at 4.81%, professional tax and estimated income tax under the new regime.
CTC is one of the most misunderstood numbers in a job offer — the number on paper is rarely what lands in your bank account. This tool strips away the illusion so you can compare offers, negotiate fairly, and plan monthly expenses on the money you'll actually receive.
How does it work?
The calculator assumes basic salary at 50% of fixed CTC, computes 12% employee PF and 4.81% gratuity from basic (both capped at the statutory PF ceiling), subtracts ₹2,500 annual professional tax, and applies the FY 2025-26 new-regime slabs with a ₹75,000 standard deduction and 4% cess.
Adjust the variable/bonus figure to see how it moves your monthly base. Because bonus is taxable but not part of monthly cash flow, this tool cleanly separates the recurring number from the annual one.
In-hand ≈ Gross − PF (employee) − Professional Tax − Income Tax + BonusExample
For a CTC of ₹12,00,000 with no bonus: basic works out to ₹6,00,000, PF (employee) ~₹72,000, gratuity accrual ~₹28,860.
Gross ≈ ₹10,99,140, income tax on ₹10.24 lakh taxable is zero under 87A after standard deduction and rebate, so in-hand is roughly ₹90,552 per month before minor PT deductions.
Benefits
- ✓See real take-home before accepting a job
- ✓Compare structured vs. flat offers
- ✓Understand how bonus affects tax
- ✓Plan monthly budgets on accurate numbers
- ✓Highlights the PF and gratuity building silently in the background
Frequently Asked Questions
Why is my in-hand lower than the calculator?
Company-specific components (medical premium, meal vouchers, NPS employer contribution) can vary. This tool uses a standard 50% basic assumption — real breakups can differ.
Is employer PF included in CTC?
Usually yes. Employer PF is part of CTC but not part of gross salary you can spend today.
Does it include HRA exemption?
The new regime doesn't allow HRA exemption. If you use the old regime, the numbers will differ.
How accurate is the tax estimate?
It's a reasonable approximation. Actual TDS depends on declarations you file with your employer (rent, LTA, insurance, etc.).
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