Calculate Gross, Net Salary, DA, HRA & NPS Deductions accurately.
When you receive an offer letter or look at your salary slip, the breakdown can often be confusing. Understanding the difference between CTC (Cost to Company), Gross Salary, and Net (In-Hand) Salary is crucial for financial planning. Use our VK-ToolBox Salary Calculator above to get accurate estimates.
This is the core component of your salary. It is a fixed amount and typically constitutes 35-50% of your total CTC. Many other components like DA, HRA, and PF are calculated as a percentage of this Basic Pay. It is fully taxable.
DA is a cost-of-living adjustment allowance paid to government employees and pensioners in India. It is calculated as a percentage of the Basic Salary to mitigate the impact of inflation.
HRA is paid to meet the cost of a rented house. The best part about HRA is the tax exemption available under Section 10(13A) of the Income Tax Act, provided you actually live in a rented accommodation.
NPS is a voluntary, long-term retirement savings scheme. For government employees, 10% of (Basic + DA) is deducted and contributed to the NPS account, with a matching contribution from the government (14%).
Gross Salary is the total of Basic + DA + HRA + Other Allowances before any deduction.
Net Salary (Take Home) is what lands in your bank account after deductions like NPS, PF, and Income Tax.
