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Convert your annual CTC into an estimated monthly take-home salary. Break down your Basic Pay, HRA, and PF deductions instantly.
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How is In-Hand Salary calculated?
Your "Cost to Company" (CTC) includes several components that you do not receive in your monthly paycheck. Your gross salary is your CTC minus variable bonuses and employer contributions (like PF and Gratuity). Your net "In-Hand" salary is your gross salary minus employee PF contributions, professional tax, and income tax.
In-Hand Salary = Gross Salary - (PF Deduction + Professional Tax + Income Tax)
- Basic Salary: Usually 40-50% of your fixed CTC.
- HRA: House Rent Allowance, usually 50% of Basic Pay (in metro cities) or 40% (in non-metros).
- PF (Provident Fund): Typically 12% of Basic Pay deducted from employee, and matched by employer.
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