In-Hand Salary Calculator

Estimate your take-home salary

This in-hand salary calculator shows how much of your gross salary reaches your bank account after deductions. It does not apply the tax rules of any country. Instead, you enter your own tax rate and deduction amounts, so it works for any country or employer as long as you know your figures.

How to use it

1. Pick a currency: USD, EUR, GBP, INR, PKR, AED, CAD or AUD. This only changes the display format.
2. Choose whether you are entering a monthly or annual salary, then type the gross amount.
3. Enter your tax rate % and retirement % (for example a pension or provident fund contribution).
4. Enter fixed monthly amounts for insurance, loan repayments and other deductions.
5. Optionally add a bonus, then read your monthly and annual in-hand pay and the full breakdown.

How the calculation works

An annual salary is divided by 12 first. Then:

• Tax = monthly gross × tax rate
• Retirement = monthly gross × retirement rate
• Monthly in-hand = monthly gross − tax − retirement − insurance − loan − other
• Annual in-hand = monthly in-hand × 12 + bonus for the year

Example: a monthly gross of 5,000 with 12% tax, 5% retirement, 150 insurance and 100 other deductions gives 600 tax + 250 retirement + 150 + 100 = 1,100 in deductions. Monthly in-hand pay is 3,900 and annual in-hand pay is 46,800.

Things to know

• The tax rate is a single flat percentage. Progressive tax slabs, allowances and exemptions are not calculated, so use your effective (average) tax rate.
• The bonus is added to the annual figure as entered. No tax or other deduction is taken from it.
• In monthly mode the bonus field is a monthly amount and is multiplied by 12.
• Amounts are rounded to whole units in the display.

Frequently asked questions

How do I work out 7.4 LPA in-hand salary per month?

Choose INR and Annual salary, then enter 740000. The tool uses a monthly gross of about 61,667. Add your effective tax rate and your PF and other deductions to see the monthly in-hand amount.

Does it follow Indian, UK or US tax rules?

No. It uses only the tax rate you type in. Check your payslip or local tax rules for the right percentage.

Is this the same as my payslip?

It is an estimate for planning and comparing offers. Your employer's payroll may treat some items differently.