What Is a Salary Calculator?
Salary is a payment made by an employer to an employee for providing
their services to the organisation. The details of your salary are
mentioned in the employment contract. However, it is essential to
determine your take-home salary to plan your expenses better. You can
easily ascertain your take-home salary using
ClickToBill's Salary Calculator.
Apart from the in-hand monthly salary,
ClickToBill's Salary Calculator also helps you
ascertain take-home annual salary, monthly deductions, and annual
deductions. This calculator is available for free and is very easy to
use.
What Are the Components of a Salary?
-
Basic Salary: 40%-50% of total salary, fixed part
of CTC.
-
HRA: Allowance for rented accommodation,
partially/fully tax exempt.
-
LTA: Allowance for travel, claimable with proof.
-
Professional Tax: Employment tax levied by State
Government.
-
Special Allowance: Fully taxable additional
benefits.
-
Bonus: Performance-based incentive, taxable in the
year it's declared.
-
Provident Fund: 12% contribution from both employee
and employer.
How to Use the Online Salary Calculator?
- Enter CTC
- Enter Bonus
- Enter Monthly Professional Tax
- Enter Employer's & Employee's PF contributions
- Enter any Additional Monthly Deductions
Click "Calculate" to instantly view your monthly and annual take-home
salary and deductions.
Benefits of Using ClickToBill Salary Calculator
-
Fast results: Get accurate salary details in
seconds.
-
Clarity: Understand deductions and take-home
clearly.
- Accuracy: Avoid manual calculation errors.
-
Financial Planning: Plan monthly expenses better.
- Free & Easy: Use it anytime, anywhere.
