How do I calculate my monthly take home pay?

What is the formula for salary calculation?

1. Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof. Tax.
2. Gross Salary = Cost to Company (CTC) – Employer’s PF Contribution (EPF) – Gratuity.
3. Gratuity = (Basic salary + Dearness allowance) × 15/26 × No. of Years of Service.

What will be the take home salary for 8 lakhs?

8 lakhs per annum? If your salary is Rs 8 lakh per annum and you opt for the new income tax India regime, your income tax will be Rs 46,800. This will be without any exemptions/deductions. You can save Rs 28,600 more in comparison to the old regime.

What means 6lpa?

Lakhs Per Annum (LPA) is a unit of Cost to Company (CTC) in India. 1 Lakh is Rs. 1,00,000. We have found 13 more results for LPA.

What is 3.5 CTC in-hand salary?

So if your annual CTC in India is Rs 5 lakh, you can expect to get an annual take-home of 3.5 lakh or Rs 29000 per month.

Is Accenture offering 14 LPA with 21\% variable pay?

Accenture is offering 14 LPA with 21\% variable pay as a senior analyst.i didn’t had much discussion with HR they only offered can I ask HR to reduce the variable pay now, as offer is already released what are the chances of changing the offer letter? Dont ever take variable pay into account.

What percentage of my CTC is my basic pay?

Your CTC includes variable amount of 13.5 \% of your CTC. The basic pay is around 34.25\% to 34.4\% of fixed pay. The pay structure has a lot of variation even within the same organisation depending on designation, sector etc where your basic pay and tax exemption amount plays the key role in deciding your take home salary.

What is the monthly in-hand salary for 12 5 LPA?

Hence for a 12.5 LPA the Monthly in-hand salary would be Rs 89,533 / month. I have provided an online calculator on my profile as well. 82200 without Tax Deduction. 12.5 LPA CTC includes variable components of 15.65 \% . Variable will be paid Bi-annually in month of June and December.

What is take-home pay (in-hand salary)?

Take-home pay (known as in-hand salary in India) is the net salary after deducting income tax (TDS – tax deducted at source in India) and other deductions, from the gross monthly pay. The calculator can help you find your monthly net salary if you know your salary package. Basic pay or basic allowance is the starting point for any salary offer.