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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
💡 Helps you compare job offers that use different salary formats!

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
🧠 Remember: Salary isn’t what you are offered — it’s what you finally receive. Understanding salary structure helps during job changes, EMI planning, investments, and maintaining a balanced financial life.

How to Use This Salary Calculator?

  1. Enter your salary amount (monthly or yearly)
  2. Select your salary frequency (Monthly / Annual)
  3. Choose your currency
  4. Enter your working hours per week if hourly calculation needed
  5. Adjust statutory deductions: Income Tax, PF/Retirement Funds, Professional Tax, Social Security
  6. Add custom company deductions if required
  7. View instantly:Gross Salary → Deductions → Net Salary breakdown
  8. 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)

Gross Annual Salary: ₹1,20,000
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.
✅ This tool works for all regions since users manually configure taxes & deductions. No country-specific rules are enforced automatically.
               

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Global Salary Calculator - Convert Salary Across Pay Frequencies | Solvezi