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Salary Calculator India

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Advanced Salary Calculator: Make the calculations precise by entering the Tax Exemptions you have availed! salarycalculator.co.in
Personal Details
Financial Year    Metro  
Male Female Senior Citizen
Salary Details
Monthly Basic Pay
Yearly CTC 
 
Yearly Tax Exemptions
 
Conveyance
HRA
Professional Tax
Food Vouchers
LTA
Other 100% Exe.
Other  50% Exe.
AVAILED LIMIT
  Medical Bills   15,000
ELSS,LIC,H.Loan 100,000
Mediclaim 20,000
H.Loan Interest 250,000
Infra.Stru. Bonds 20,000
Savings Acc. Int 10,000
RGESS 50% Ex 50,000
   
           

 



 Frequently Asked Questions
 
 

How to use Advanced Salary Calculator?

1. Select the personal details as applicable to you
2. Enter your Monthly Basic Pay and Yearly CTC(Cost to Company)
3. For more accurate results, you need to enter Tax Exemptions and click on 'Calculate'

 

What are Potential Tax Savings?

Your Tax savings is the Tax saving made based how you availed the available Tax exemptions.
Potential Tax savings is the Tax saving that can be made by using up all the available Tax exemptions
upto the limit.

NB: Tax Exemptions which does not have a cap/limit are not considered under Potential Tax Savings.

 

How to input Variable pay in Salary Calculator for accurate calculations ?

Variable pay is included in the calculations, since your CTC includes Variable Pay. If your are getting less than expected variable pay, you can adjust your CTC by subtracting the difference between the expected variable pay and the actual variable pay received.

For Example, if your CTC is 10 lakhs, which includes a variable pay of 1 lakh, but you are actually paid 70,000/-. You must enter your CTC as 9,70,000/- as opposed to 10,00,000/- to get accurate values of Net Salary and Income Tax saving.


  
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