How exactly can I calculate my monthly salary in India if I know my CTC and the split-ups?

By a general thumb rule, your take home salar...

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IMHO it's 60%, not 80...

All you need is percentages and put those in the cells

Try this nifty little tool - http://zuby.in/resources/career-resources/in-hand-salary-calculator.html. Given the various components of your salary, it will tell you your monthly earnings, tax etc.

It varies from company to company but still it should be simple if you know your break-ups. First thing is your CTC should include all benefits you will get excluding bonuses. That you have to confirm from your employer. Non taxable component that you may or may not get in salary every month 1) LTA 2) medical reimbursement 3) attire allowance 4) vehicle allowance 5) professional allowance 6) HRA- these components are part of CTC but non taxable provided that you have to submit bills at the end of financial year. Some of these components you will get every month and some at the end of the year or when you submit bill. If you dont submit bills for these components then income from these components will become taxable. non taxable deductions that you only get after leaving from company. these will not come in your monthly salary. 1) Gratuity 2) PF- there is an important point in PF. PF has employer part and employee part. In some companies employer part is paid by company and it is not a part of your CTC. But in some companies it is included in CTS which means that both components will be deducted from your monthly salary. in some companies it is 12% of basic and in some companies PF is fixed at 1850Rs per month (one part). After that comes taxes. Income tax is deducted before disbursing salaries and its rate is fixed per year in beginning. You can also save taxes under section 80 C upto 1.5 lakh per year. 80D upto 20K. then interest on housing loan upto 2 lakh per annum. Calculating tax will be little difficult.

I have a simple calculation to which there is a + or - 5% error.If your CTC is Rs.10lakhs then divide it by 14 which results to Rs.71,400. Now if you calculate your CTC with the above method, you should arrive at a figure which is close enough to your actual inhand.This simple method is very useful for quick calculations while you are in F2F negotiations.Hope this adds clairty to the question.

Whatever your CTC is there will be 10% TDS, and around 15% other deductions will be there for legal compliance and rest will be take home. For example if your CTC is 8LPA CTC 8,00,000 TDS 80,000 Other deductions 1,20,000 Take home will be 6,00,000  Now although you will have to file income tax return (ITR) but not tax will be payable because that TDS is your whole tax on salary i income. And you can withdraw that 15% also after 3 years of employment but after certain taxation.

CTC-Cost to Company(CUT THE CHASE) On a lighter note you can never know how to calculate the actual salary until you get it. If you do so you will be able to HACK into the world of companies and their ability to fool people by quoting CTC by including your Joining bonus, your daily food, your laptop, your transportation, your training and so many other things which don't matter a lot over a while. The best is to ask for a In Hand salary amount if that is what you want.