Salary & Take-Home Pay Calculator

Take-home pay = Gross Salary − Income Tax − Social Security/PF − Health Insurance − Any other deductions. The exact amount depends on your country, filing status, and deductions you claim.

Gross salary is your total earnings before any deductions. Net salary (take-home pay) is what you actually receive after income tax, provident fund, health insurance, and other statutory deductions are subtracted.

It depends on your income bracket. In India under the new regime, 0% up to ₹3L, 5% from ₹3–7L, 10% from ₹7–10L, 15% from ₹10–12L, 20% from ₹12–15L, and 30% above ₹15L. In the US, federal rates range from 10% to 37% depending on filing status.

House Rent Allowance (HRA) is a salary component in India that can be partially or fully exempt from tax if you live in rented accommodation. The exempt amount is the minimum of: actual HRA received, rent paid minus 10% of basic salary, or 50% of basic (metro) / 40% of basic (non-metro).

Hourly rate = Annual salary ÷ (weeks per year × hours per week). For a standard 40-hour week: Hourly = Annual ÷ 2,080. Monthly ÷ (4.33 × weekly hours) gives an approximate hourly rate.

CTC (Cost to Company) includes everything an employer spends — salary, employer PF contribution, gratuity, health insurance premium, etc. In-hand salary is what you actually receive each month after all deductions. In-hand is typically 60–75% of CTC.

In India, 12% of basic salary is deducted as employee PF contribution, and the employer contributes another 12%. The employee's 12% reduces your take-home but builds a retirement corpus. PF contributions up to ₹1.5L are tax-deductible under Section 80C.

Standard deduction: ₹50,000 (old regime). Section 80C: up to ₹1.5L (PF, ELSS, PPF, life insurance). Section 80D: health insurance premiums. HRA exemption. Home loan interest under Section 24. NPS contribution under 80CCD.

Yes. Overtime pay is considered regular income and is taxed at your marginal tax rate in both India and the US. Some countries have specific overtime exemption limits, so check your local tax rules.

New salary = Current salary × (1 + hike% ÷ 100). For example, a 15% hike on ₹50,000 per month gives ₹50,000 × 1.15 = ₹57,500. Use this calculator's Annual/Monthly input to model your new take-home after the hike.