1. Enter Salary Details
2. Estimated Result
3. Salary Breakdown
| Component | Monthly | Annual |
|---|
4. Important Salary Notes
- Basic salary is estimated from the percentage you enter; actual employer structures can be different.
- PF is estimated from the Basic Salary and the employee PF rate entered above.
- Professional tax differs by state and may not apply to every employee.
- TDS is intentionally user-editable because actual income-tax liability depends on the applicable tax regime, deductions, exemptions, employer structure and current rules.
- Actual payslip figures can differ because of gratuity, insurance, variable pay, bonuses, reimbursements, salary caps and employer-specific policies.
💼 Salary Calculator — How Does It Work?
A salary calculator helps estimate monthly gross salary, deductions and approximate in-hand salary from the salary structure you enter. It can be useful when comparing job offers or planning your monthly budget.
Gross salary vs in-hand salary
Gross salary is the salary amount before applicable deductions. In-hand salary is the approximate amount received after deductions such as employee PF, professional tax, TDS and other applicable deductions.
What affects your in-hand salary?
- Annual gross salary: A higher gross salary generally increases monthly earnings before deductions.
- Basic salary: The basic component can affect certain deductions and benefits.
- Employee PF: PF deductions may depend on the applicable salary structure and rules.
- Professional tax: This can vary by state and applicable rules.
- TDS / income tax: The actual amount depends on your income, tax regime, deductions, exemptions and current tax rules.
- Other deductions: Insurance, loans, recoveries and employer-specific deductions can affect the final amount.
Example
If your annual gross salary is ₹6,00,000, the calculator can estimate your monthly gross salary and deduct the amounts entered for PF, professional tax, TDS and other deductions to calculate an estimated monthly in-hand salary.
CTC vs gross salary vs in-hand salary
These terms are not always the same. CTC may include employer contributions and other benefits, while gross salary generally refers to earnings before employee deductions. In-hand salary is the amount that remains after applicable deductions.
When comparing two job offers
Do not compare only the headline CTC. Check the fixed salary, variable pay, bonus, employer contributions, deductions, benefits, notice-period conditions and the approximate monthly in-hand amount.
Why your actual payslip may be different
Actual salary can differ from a calculator estimate because of employer-specific salary structures, gratuity, insurance, variable pay, bonuses, reimbursements, salary limits, tax rules and other applicable deductions.
Important: Smart Money Salary Calculator provides an educational salary-planning estimate. It is not a tax filing or payroll statement. For exact salary and tax figures, refer to your employer's payslip and the current applicable rules.