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About Salary Structure & Take-Home Calculator
Understand how your take-home salary is calculated including gross income, statutory deductions, and tax impact. This guide will help you make smarter financial decisions during job offers and salary negotiations.
What is Gross & Net Salary?
Gross Salary is the total earnings paid by your employer before any deductions.Net Salary, also known as take-home salary, is what you actually receive in your bank account after deducting taxes, PF, professional tax, and other contributions.
Salary Configuration Features
- Choose salary frequency — Monthly / Yearly / Hourly
- Enter working hours per week to calculate hourly pay automatically
- Support for multiple currencies like INR, USD, etc.
- Custom earnings and deduction logic for flexibility
Statutory Deductions Included
- Income Tax (based on applicable slab)
- Provident Fund (PF) – promotes long-term savings
- Professional Tax (PT) – state-based employment tax
- Social Security (varies by country or region)
- Custom deductions for insurance, loans, etc.
✅ The calculator supports both Percentage-based & Fixed-amount deductions.
Salary Breakdown & Charts
Shows a detailed annual and monthly comparison of income vs deductions. Includes charts to visually understand:
- Net Salary %
- PF Contribution %
- Professional Tax %
- Other deduction components
Salary Conversions
Automatically converts your salary into:
- Hourly Income
- Weekly Income
- Monthly Take-home
- Annual Take-home
Smart Salary Planning Tips
- Check tax-saving options like Section 80C & 80D
- Negotiate CTC structure, not just total salary
- Maintain PF contributions for retirement security
- Always review deduction breakdown in offer letters
How to Use This Salary Calculator?
- Enter your salary amount (monthly or yearly)
- Select your salary frequency (Monthly / Annual)
- Choose your currency
- Enter your working hours per week if hourly calculation needed
- Adjust statutory deductions: Income Tax, PF/Retirement Funds, Professional Tax, Social Security
- Add custom company deductions if required
- View instantly:Gross Salary → Deductions → Net Salary breakdown
- Analyze Net Pay conversions: Hourly, Weekly, Monthly, Yearly
Example Salary Breakdown
Suppose a user enters:
Monthly Salary: ₹10,000
PF: ₹100 (Fixed Monthly)
Professional Tax: ₹100 (Fixed Monthly)
Total Deductions (Annual): ₹2,400
Net Annual Salary: ₹1,17,600
Effective Deduction Rate: 2%
✅ Your take-home salary remains strong because standard taxes are zero in this example.
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Global Salary Calculator - Convert Salary Across Pay Frequencies | Solvezi