Take Home Salary Calculator India

PayHR Online CTC calculator is a powerful tool that enables HR and Payroll Accountants to calculate the net salary of employees based on their agreed Cost-to-Company (CTC). This tool is easy to use and helps to simplify the salary calculation process. In this article, we will discuss how to use the PayHR Online CTC calculator and its benefits.

Step-by-Step Guide on How to Use the PayHR Online CTC Calculator:

1. Enter the Annual Income (CTC Amount): Start by entering the annual salary amounts in the designated fields. This includes basic salary, HRA, LTA, special allowance, and other allowances.
2. Select Compliance Settings: Next, select the compliance settings as per your establishment's applicability. The compliance settings include Provident Fund, ESI, Professional tax, and Income tax. Select the relevant options based on your company's policies.
3. View Salary Structure Calculation: After entering the necessary information, scroll down to view the salary structure calculation based on the details provided by you. The salary structure calculation will display the gross salary, deductions, and net salary
4. Bookmark the Page: Once you have calculated the net salary, bookmark the page for your regular use.

Enter Yearly CTC amount?

Enter Minimum Basic Wage monthly amount as per State Act?

Is PF applicable for this CTC?

Yes _____ No

Is PF Ceiling applicable for this CTC? Limit upto Rs.15,000/- per month

Yes _____ No

Is ESIC applicable for this CTC?

Yes _____ No

Is Gratuity a part of your company policy?

Yes _____ No

Is Statutory Bonus applicable for this CTC?

Yes _____ No

Is Professional Tax applicable, if yes than enter monthly amount?

If any onetime PLI/Annual Bonus/Variable Pay, etc part of CTC?

CTC Calculated is as follows:

Below salary amount is calculated based on the above amount and setting entered by you. If there is any change in limits, then you can make changes in below limits to get desired CTC amount by clicking on "Recalculate" button

1. To know more about ESIC Act, Applicability and Benefits ☛ESIC Process
2. To know about latest Professional Tax Slabs & Rate in India ☛Professional Tax Slabs & Rates New Updates
3. To know about latest LWF Slabs & Rates in India ☛Labour Welfare Fund Rates New Updates
4. What is Gratuity Act, and when its applicable☛ FnF Gratuity Calculator
5. How to calculate HRA tax exemption ☛Online HRA Exemption Calculator
6. Statutory Bonus Act. When and, how to pay to your employees ☛Statutory Bonus Act & Calculator
7. Online Income Tax Calculator as per both tax regime ☛Online Tax Calculator 2022-23
8. How to design CTC structure with limits ☛Understanding Salary and Reimbursement
9. Download various HR Templates ☛Download Now

Recalculate

Fixed Allowance	Type	Monthly.Amt_	Yearly.Amt_	Limits/Wages
Basic Salary	Fully Taxable			%
Hour Rent Allowance	Tax Exempt			%
LTA Allowance	Tax Exempt			%
Other Allowance	Fully Taxable			Balance
Total Gross Salary
PF employer contribution	Employer rate 12%
ESIC employer contribution	Employer rate 3.25%
Gratuity employer contribution	Gratuity rate 4.81%
Statutory Bonus	Bonus rate 8.33%
Total CTC
PLI/Bonus/Variable Pay	Performance Pay
Total CTC(Including Variable)
PF employee contribution	Employee rate 12%
ESIC employee contribution	Employee rate 0.75%
Profesional Tax
Net take Home