What is In-Hand Salary?
In-Hand Salary (or Take-Home Salary) is the net amount you receive in your bank account after all deductions like Provident Fund (PF), Income Tax (TDS), and Professional Tax are subtracted from your Gross Salary (CTC).
Components of Salary
- CTC (Cost to Company): The total amount spent by the company on an employee. Includes Gross Salary + Employer PF + Gratuity etc.
- Gross Salary: CTC minus Employer's contribution to PF/Gratuity.
- Net Salary: Gross Salary minus Employee Deductions (PF, Tax, PT).
Assumptions
This calculator provides an estimation based on the New Tax Regime (FY 2024-25). It assumes a standard salary structure where Basic is approx 40% of CTC and typical deductibles apply. Actual salary may vary based on your specific component breakdown.