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Comprehensive Salary Calculator

Master Template 2025-26

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Salary Calculator

Employee Information
Used for insurance premium calculation
Current Compensation
Proposed Compensation
System will calculate the required CTC to achieve this take-home salary.
Calculation Guide
CTC Components:
  • Basic Salary: Usually 50% of CTC, forms the base for calculating other components
  • HRA: House Rent Allowance, typically 40% of basic salary
  • LTA: Leave Travel Allowance, provided for vacation travel expenses
  • Special Allowance: Calculated as the balance amount after allocating other components
  • Medical Allowance: Fixed amount for medical expenses
Taxable Income:
  • Sum of all salary components minus eligible exemptions and deductions
  • HRA Exemption based on actual rent paid, salary, and location
  • Standard Deduction of ₹50,000 is available for all salaried employees
  • Section 80C investments up to ₹1,50,000 (EPF, PPF, insurance, etc.)
  • Section 80D health insurance premium up to ₹25,000
Deductions:
  • EPF: Employee Provident Fund, 12% of basic salary, capped
  • ESI: Employee State Insurance, 0.75% of gross salary if applicable
  • Professional Tax: Varies by state, typically between ₹0-₹2,500 annually
  • Income Tax: Calculated as per applicable tax slab rates
Net Take-Home Calculation:
  • Gross Salary - (EPF + ESI + Professional Tax + Income Tax)
  • Annual calculation is divided by 12 to get monthly take-home salary
  • Variable pay and bonuses are typically paid separately
  • Reimbursements are claimed separately and are not part of monthly salary
Comparison Results
Component Current Proposed Difference % Change
Annual CTC - - - -
Basic Salary - - - -
HRA - - - -
Special Allowance - - - -
LTA - - - -
Medical Allowance - - - -
Gross Salary - - - -
EPF (Employee) - - - -
Professional Tax - - - -
Income Tax - - - -
Annual Take Home - - - -
Monthly Take Home - - - -
Take Home Breakdown
Current vs Proposed
Tax Calculation Details
Current Tax Calculation:
Income Range Taxable Amount Tax Rate Tax Amount
Proposed Tax Calculation:
Income Range Taxable Amount Tax Rate Tax Amount
Disclaimer

This calculator is designed to provide estimates only and should not be considered as financial advice. Tax calculations are approximate and based on the current financial year's tax slabs. Actual tax liability may vary based on additional deductions, investments, and other factors not considered here. Always consult a financial advisor or tax professional for personalized advice.