Take home salary calculator

<Company Logo here>

<Company Name>
<Company Address>
India.
 Take home salary calculator Company Logo

Take home salary calculator

Document Summary
Document Reference ID <Company Short Name>-DC-025
Version Number 1.0
Document Type Take home salary calculator
Author
Reviewed By
Approved By
Release Date

Revision History
Version Date Author Significant Changes Source
1.0 NA

 No part of this documentation may be reproduced or transmitted in any form or by any means, electronic
or mechanical, including photocopying or recording, for any purpose without express written permission
of the HR Head of <Company Name>.
© 2021, <Company Name>. All Rights Reserved
Doc Ref.ID :<Company Short Name>-DC-025 Version No : 1.0
For Internal Use only
 COMPUTATION OF GROSS AND NET INCOME ANNUAL MONTHLY

Annual CTC as per Appointment letter (INR) 270,000 22,500

Basic Pay 50% of CTC 135,000 11,250

Enter (M) for Metro City / (N) for Non-Metro / (NA) for Not Applicable M
HRA 50% of Basic Pay if Metro City 67,500 5,625
40% of Basic Pay for Non-Metro City - -

LTA Enter amount as per Company Policy 25,000 2,083

Any other Allowance Specify here - -

Special Allowance Balance Amount 42,500 3,542

Gross Income 270,000 22,500

If PF is restricted to Rs.1800/- per month Enter "Y" N

Provident Fund
PF amount deduction 16,200 1,350

If applicable to your State, Enter "Y" Y

Professional Tax
Prof Tax Amount deduction 2,400 200

ESI Applicable only if Gross income is less than Rs.21000/- p.m. - -

Income Tax Based on Old regime tax slabs; tax liability can further reduce with
HRA/LTA/Investment inputs 102,000 8,500

Gross Deduction 120,600 10,050

Net Income 149,400 12,450

Note: The tax computations are approximations only as we need to incorporate HRA/LTA and any other exemptions