Salary Calculator India 2026

In-Hand Salary = CTC – Employee PF – Professional Tax – Income Tax – ESI. Example: ₹10L CTC → Employee PF ₹21,600 + Prof Tax ₹2,400 + Income Tax ~₹30,000 → In-Hand ≈ ₹7,46,000 p.a. (₹62,167/month).

CTC (Cost to Company) includes all direct and indirect costs: salary, PF, gratuity, insurance, perks. Gross Salary = CTC minus employer PF contribution and gratuity. Net/In-Hand = Gross minus all deductions (employee PF, TDS, PT).

Employee PF contribution: 12% of basic salary (capped at basic ₹15,000, so max ₹1,800/month). Employer also contributes 12%: 8.33% to EPS (pension), 3.67% to EPF. On higher basics, only ₹15,000 is considered unless voluntarily increased.

Professional Tax is a state-level tax levied on salaried employees. Maximum ₹200/month (₹2,400/year) in Maharashtra, Karnataka. Tamil Nadu charges ₹208/year. Not all states have professional tax — e.g., Delhi, Haryana, Rajasthan do not charge PT.

ESI (Employees State Insurance) applies to employees earning gross salary ≤ ₹21,000/month. Employee contributes 0.75% of gross salary, employer contributes 3.25%. ESI provides medical, disability, maternity, and other benefits.

HRA exemption = Minimum of: (1) Actual HRA received, (2) 50% of basic salary (metro cities) or 40% (non-metro), (3) Actual rent paid minus 10% of basic salary. Use our HRA calculator for exact calculation.