Calculate your net salary after taxes and deductions – now with multi‑currency support.
Your total salary before any deductions or taxes are applied.
Tax levied by the government on your income based on tax slabs.
Employee Provident Fund – a retirement savings scheme.
Your net salary after all deductions and taxes.
The formula – Your take‑home (net) salary is gross salary minus total deductions and taxes:
Net Salary = Gross Salary – (EPF + Professional Tax + Other Deductions) – Income Tax – Cess
New Tax Regime (default) – Lower tax rates but you cannot claim most deductions (HRA, 80C, etc.). The slabs for FY 2023‑24 are: 0–3L (0%), 3–6L (5%), 6–9L (10%), 9–12L (15%), 12–15L (20%), above 15L (30%).
Old Tax Regime – Higher tax rates but you can claim deductions (80C, 80D, HRA, etc.). The basic exemption limit depends on age: ₹2.5L for below 60, ₹3L for 60–80, ₹5L for above 80. Slabs then: 5% up to ₹5L, 20% up to ₹10L, 30% above.
This calculator automatically applies the standard deduction of ₹50,000 in the old regime (common for salaried employees).
Suppose your gross annual salary is ₹8,00,000, you choose the new regime, EPF 12% (₹96,000), professional tax ₹200/month (₹2,400), and no other deductions. Taxable income = ₹8,00,000 – ₹96,000 – ₹2,400 = ₹7,01,600. Under new regime, tax = (₹3L×0% + ₹3L×5% + ₹1,01,600×10%) = ₹0 + ₹15,000 + ₹10,160 = ₹25,160. Cess 4% = ₹1,006. Total tax = ₹26,166. Net annual = ₹8,00,000 – (₹96,000+₹2,400) – ₹26,166 = ₹6,75,434. Monthly take‑home ≈ ₹56,286.
Select your preferred currency from the top dropdown. All amounts are displayed with the chosen symbol; no exchange rate conversion is applied. This helps if you want to compare salaries in different countries or simply prefer a different symbol.
All inputs (slider, dropdowns, number fields) update the results instantly – no need to click Calculate (though the button remains for clarity). Charts and breakdowns adjust immediately.
⚠️ Important Disclaimer
This calculator provides estimates for educational and planning purposes only. Actual tax liability may vary based on exact salary structure, applicable deductions, and changes in tax laws. Always consult a qualified tax professional for official calculations. Finance Toolbajar is not liable for any financial decisions made using this tool.
Take Home Salary Calculator is a free salary calculator tool built for employees comparing salary offers. Use it when you need to calculate net salary after tax, deductions, allowances, and provident fund without installing extra software or moving through a complicated workflow.
This page naturally answers long-tail searches such as free Take Home Salary Calculator online, Take Home Salary Calculator for Indian salary and tax planning, and tax calculation with clear breakdown. The goal is to give clear, useful context instead of repeating the same phrase again and again.
For best results, keep your inputs realistic, compare the output with related tools on Finance ToolBajar, and treat calculator results as helpful estimates unless a qualified professional or official source confirms the final number.
Use Take Home Salary Calculator as a quick browser-based helper for this task: calculate net salary after tax, deductions, allowances, and provident fund. Enter accurate values, review the result, and compare it with your own records before making important decisions.
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This page is useful for employees comparing salary offers, especially when they need a simple explanation, practical context, and related resources in one place.