CTC Calculator is tool in whcih one can calculate CTC ( Cost to Company) by proivding few data. Our CTC Calculator needs only few input and it Calculate the CTC instantly.
Let’s Start Calculating
CTC Calculator
Total CTC: ₹0
Tax Deduction: ₹0
Net Salary After Tax: ₹0
What is CTC Calculator ?
CTC Calculator is tool that calculate the Total CTC by providing few data like Basic Salary, House Rent Allowance (HRA), Provident Fund (PF) Contribution, Bonuses & Incentives, Other Allowances. This CTC Calculator estimate CTC ( Cost to Company).
How to use CTC Calculator ?
To use the CTC Calculator follow the given below steps :-
- Provide Basic Salary
- Input House rent allownace
- Feed Provident Fund (PF) Contribution
- Provide Incetives if any
- Enter other allowances if any
- Hit Calculate button
Your CTC will be on the screen
Example Calculation:
Inputs:
- Basic Salary: ₹60,000
- HRA: ₹15,000
- PF Contribution: ₹6,000
- Bonuses & Incentives: ₹10,000
- Other Allowances: ₹9,000
Step-by-Step Calculation:
Total CTC Calculation: 60,000+15,000+6,000+10,000+9,000=₹1,00,000
Taxable Income (CTC – PF Contribution): 1,00,000−6,000=₹94,0001,00,000 – 6,000 = ₹94,0001,00,000−6,000=₹94,000
Since ₹94,000 is below the taxable limit of ₹2,50,000, no tax is deducted.
Net Salary After Tax: 1,00,000−0=₹1,00,0001,00,000 – 0 = ₹1,00,0001,00,000−0=₹1,00,000
Final Output:
- Total CTC: ₹1,00,000
- Tax Deduction: ₹0
- Net Salary After Tax: ₹1,00,000
FAQs
Is higher CTC always better?
Not necessarily. A higher CTC may include benefits that don’t directly add to your take-home salary. It’s important to check the net salary after deductions rather than just the CTC.
Does CTC include bonuses and incentives?
Yes, CTC includes fixed salary, variable components (performance-based bonuses), and employer benefits.
Can I calculate my salary after tax using the CTC Calculator?
Yes! A CTC Calculator helps you estimate your net salary after tax deductions based on your salary structure and applicable tax slabs.
What is CTC in Salary?
CTC (Cost to Company) is the total amount a company spends on an employee in a year. It includes basic salary, HRA, bonuses, allowances, and employer contributions to PF and gratuity.
Disclaimer:
“This CTC Calculator provides an estimate based on the inputs provided. Actual take-home salary may vary due to company policies, tax regulations, and other deductions. For accurate salary calculations, consult with a financial expert or refer to official government guidelines.”