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The salary calculator determines your net take-home pay by factoring in all deductions from your total salary. By inputting your Cost To Company (CTC), bonus, and Deductions the calculator provides net take home salary figures along with monthly and annual deductions.
ET Money’s in-hand salary calculator enables you to estimate the net salary you will receive at the end of the month. Let’s understand more about this in-hand salary calculator in detail. Calculate your in-hand salary. Your current CTC. Variable component. Basic pay is 50% of CTC. Calculate instantly. 4.4. Avg. app ratings. 1 Cr+ downloads.
IPTM Automatic CTC Calculator online to calculate free salary breakup along with various payroll compliances and rules sets by employer in India.
Apr 25, 2024 · The formula for Monthly Salary to the CTC Calculator? To calculate your CTC from your monthly salary, you can use the following formula: CTC = (Monthly Salary * Basic Salary Ratio + Monthly Salary * HRA Ratio + Monthly Salary * PF Ratio + Monthly Salary * Gratuity Ratio) * 12
Understand with an example here. Assume your Cost To Company (CTC) is Rs 5 lakh. The employer gives you a bonus of Rs 50,000 for the financial year. Then your total gross salary is Rs 5,00,000 – Rs 50,000 = Rs 4,50,000 (Note, the bonus is deducted from the CTC). Gross Salary = Rs 5,00,000 – Rs 50,000 = Rs 4,50,000.
Calculate Instantly. Cost to Company (CTC) Gross Salary. ₹. +. Bonus.
The aggregate compensation would be the Cost to Company or CTC. An employee’s take-home pay would differ from the CTC. The employees’ CTC is the gross amount, while the amount of salary one gets to take home is the net salary. In simpler words, gross salary is the monthly or yearly salary before any deductions are made from it.
The INDmoney in-hand salary calculator helps estimate your monthly net salary after deductions, providing a clear view of your take-home pay for better financial planning. CTC (per annum) Base Salary (per annum)
The take home salary calculator includes a formula box, where you can enter your CTC and the bonus included in your CTC. The monthly salary calculator will show you the deductions such as EPF contributions from you and your employer, Professional tax, Insurance, and the take-home salary.
Use Vakilsearch salary calculator to know your net take-home salary. Enter the CTC and bonus and get to know how much salary you can take to your home.
