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Salary is the fixed amount paid by an employer to an employee in exchange for their work or services. It’s typically credited monthly and includes several components like allowances, benefits, and deductions — all structured as per company policies and labor laws.
1. Basic Salary: The core of your salary; generally 40–50% of your CTC.
2. House Rent Allowance (HRA): Offered to employees who stay in rented accommodation. It can be partially tax-exempt.
3. Leave Travel Allowance (LTA): Covers travel expenses within India; claimable with valid travel proof.
4. Special Allowance: A fully taxable component given as part of your salary package.
5. Bonus or Incentives: Performance-based pay added on top of regular salary; fully taxable.
6. Provident Fund (EPF): 12% of your basic salary is contributed by both employee and employer to your PF account.
7. Professional Tax: A small amount deducted monthly (varies by state); in Gujarat, it’s ₹2,500 annually.
A salary calculator helps you figure out your exact take-home salary by subtracting deductions like PF, professional tax, and insurance from your gross salary. It simplifies salary understanding and helps with planning, negotiations, and budgeting.
To calculate your take-home salary, enter your CTC, bonuses, and other benefits. The calculator automatically applies deduction rules to show your net salary.
| Parameter | Description | Amount (₹) |
|---|---|---|
| CTC | Annual cost to company | 10,00,000 |
| Bonus | Annual bonus or variable pay | 60,000 |
| Gross Salary | CTC - Bonus | 9,40,000 |
| Professional Tax | As per Gujarat norms | 2,800 |
| EPF (Employee) | 12% of ₹20,000 per month | 28,800 |
| EPF (Employer) | Matching contribution | 28,800 |
| Employee Insurance | Annual deduction | 3,500 |
| Total Deductions | All applicable deductions | 63,900 |
| Take-Home Salary | Gross - Deductions | 8,76,100 |
Step 1: Enter your total CTC, bonus, and optional deductions.
Step 2: The calculator will break down your gross and take-home salary.
Step 3: Use the results to plan your budget or prepare for job offers and negotiations.
✔ Clarity & Confidence: Know your real earnings before signing a contract or switching jobs.
✔ Fast & Accurate: Instantly calculate net salary without any complex formulas.
✔ Negotiation Ready: Make smarter choices backed by numbers — not guesswork.
✔ All-in-One View: Get a complete breakdown of deductions and benefits in one place.
Don’t guess your pay — calculate it. Use the Billinsecond Salary Calculator to see what you truly earn, plan your finances, and confidently shape your career path.
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