SalCulator Salary India Calc 1.3.0
Free Version
Publisher Description
Salary Calculator India helps you find your Cost to company (CTC) in India with in-Hand salary. Helps you find the HRA exemption and maximize take home pay.
Generate Salary slips with Provident fund, Income tax and Professional tax deductions.
Make an informed decision to join a new company on the basis of salary package offered by finding your monthly take home pay with this calculator.
Each job offer package i.e. CTC should be analyzed based on 12 month period. Remember, Indian financial year starts on 1 April and ends on 31 March on next year.
The total salary that you draw also depends on the number of months you have worked in the current financial year. This is simply because the income tax is calculated for full year and then pro-rated into number of months left in the current financial year.
The company, while negotiating the job offer would share the total package for 12 months. For example. INR 28,00,008, but if you choose a different start date other than April 1, you would receive (earn) lesser money during the year.
The in-hand would pretty much be same for all months immediately followed by your job's 'start month'. We call them 'Next months'.
The primary deductions that each employee (or an individual) would see in their salary slip are:
1. Income Tax
2. Professional Tax (If applicable)
3. Provident Fund (Employee's portion) (Difference between PF, EPF and VPF)
The tax calculation table shows the total taxable income and how we calculated your total yearly tax.
Tax exemptions show the amount of tax exemptions that you are applying for and the amount that is really exempted.
Some states in India does not charge Professional tax. Some examples are Haryana, Delhi, Uttar Pradesh etc.
In Maharashtra, the professional tax is 200 per month.
The full form of CTC is Cost To Company. It is a term, which signifies the cost that a company would incur on you as an employee.
The salary and other perquisites (benefits) that your company pays you, are actually cost for them and hence the term. This term is quite prevalent in Indian software companies while making an offer of employment.
You can email us on IHSIndia@am22tech.com with your question regarding CTC and take home salaries in India. This service is free.
About SalCulator Salary India Calc
SalCulator Salary India Calc is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops SalCulator Salary India Calc is AM22 Tech. The latest version released by its developer is 1.3.0. This app was rated by 1 users of our site and has an average rating of 3.0.
To install SalCulator Salary India Calc on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2017-02-02 and was downloaded 24 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the SalCulator Salary India Calc as malware as malware if the download link to com.am22tech.salaryindia is broken.
How to install SalCulator Salary India Calc on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the SalCulator Salary India Calc is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by SalCulator Salary India Calc will be shown. Click on Accept to continue the process.
- SalCulator Salary India Calc will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
