Salary Calculator

What is Salary Calculator?

The Salary Calculator converts your pay between different time periods (hourly, daily, weekly, bi-weekly, monthly, annual) and helps you understand what your salary translates to across different payment frequencies.

How to Convert Salary

1. Enter your salary amount
2. Select the pay frequency (hourly, monthly, annual, etc.)
3. Click Calculate to see equivalent amounts in all other frequencies

How Salary Calculator is Calculated

Annual = Monthly × 12 = Weekly × 52 = Daily × 260 (working days) = Hourly × 2,080 (40 hrs/week × 52). Conversions assume standard 8-hour days and 5-day work weeks.

Worked Example

Monthly salary ₹60,000: Annual = ₹7,20,000. Weekly = ₹13,846. Daily = ₹2,769. Hourly = ₹346. These help compare job offers quoted in different pay frequencies.

Common Use Cases

• Job offer comparison across pay frequencies
• Freelance hourly rate calculation
• Overtime pay estimation
• Part-time salary normalisation

Common Mistakes to Avoid

• Using 30 days instead of working days — salary conversion should use 22 working days per month or 260 per year, not calendar days.
• Not accounting for paid holidays and leave — effective daily rate changes if you include paid leave benefits.
• Comparing gross salaries without considering benefits — a ₹50,000 salary with insurance and bonuses may be worth more than ₹55,000 without.
• Confusing net salary with gross salary during conversion — always specify whether you mean pre-tax or post-tax amounts.

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Why This Tool Is Essential

In India, CTC (Cost to Company) and in-hand salary can differ by 25-40%. Understanding the breakup — basic (40-50% of CTC), HRA (40-50% of basic), PF (12% of basic), professional tax, and income tax — is crucial during salary negotiations. A ₹15 LPA CTC typically yields ₹95,000-₹1,05,000 monthly in-hand depending on tax regime choice.

Key Features

• CTC to in-hand salary conversion
• Complete salary breakup with all components
• PF, professional tax, and TDS calculation
• Old vs New tax regime comparison
• Monthly and annual views
• Bonus and variable pay inclusion

Formula & Methodology

In-hand = CTC – Employer PF (12% of basic) – Employer ESI – Gratuity provision – TDS – Professional Tax. Basic typically = 40-50% of CTC.

Step-by-Step Example

CTC ₹15,00,000. Basic = ₹6,00,000 (40%). HRA = ₹3,00,000. Special = ₹2,52,000. Employer PF = ₹72,000. Gratuity = ₹28,846. Gross monthly = ₹99,286. After PF (₹6,000) + PT (₹200) + TDS (₹8,383) = ₹84,703 in-hand.

Reference Table

CTC to in-hand salary estimates (new tax regime)

Tips for Better Results

• 💡 Negotiate basic salary carefully — higher basic means higher PF and gratuity but also higher tax.
• 💡 HRA exemption can save ₹50,000-₹2,00,000 in tax for metro tenants.
• 💡 Opt for NPS under CTC if available — employer contribution up to 10% is tax-free.
• 💡 Standard deduction of ₹75,000 applies automatically in new regime.
• 💡 Special allowances above ₹1,600/month are fully taxable — minimize them in your structure.

Ideal Users

Job seekers evaluating offers, HR professionals structuring salaries, employees planning taxes, and freelancers setting rates.