Paycheck Calculator
Calculate your take-home pay and paycheck details
Paycheck Details
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Paycheck Breakdown
Results
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Est. Results
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How Paycheck Calculator Works
Our paycheck calculator helps you understand your take-home pay by calculating deductions from your gross salary. It accounts for various deductions including income tax, provident fund (PF), professional tax, and other statutory deductions applicable in your region.
The calculator works by:
- Taking your gross salary (before deductions)
- Applying standard deductions like PF (typically 12% of basic salary)
- Calculating income tax based on applicable tax slabs
- Deducting professional tax and other statutory deductions
- Providing your net pay (take-home salary) after all deductions
Example:
Let's calculate the paycheck for an employee with a gross monthly salary of ₹1,00,000.
Given: Gross Monthly Salary = ₹1,00,000
Step 1: Calculate PF Deduction (12% of basic, assuming 50% is basic)
Basic = ₹1,00,000 × 50% = ₹50,000
PF = ₹50,000 × 12% = ₹6,000
Step 2: Calculate Professional Tax
Professional Tax = ₹2,500 (standard)
Step 3: Calculate Taxable Income
Taxable Income = ₹1,00,000 - ₹6,000 - ₹2,500 = ₹91,500
Step 4: Calculate Income Tax (assuming 5% on ₹91,500)
Income Tax = ₹91,500 × 5% = ₹4,575
Step 5: Calculate Net Pay
Net Pay = ₹1,00,000 - ₹6,000 - ₹2,500 - ₹4,575
Net Pay = ₹86,925
Result: Your monthly take-home pay is ₹86,925 after all deductions.
Use Cases
Job Offer Evaluation
Compare take-home pay from different job offers to make informed career decisions
Salary Negotiation
Understand your actual take-home pay to negotiate better gross salary packages
Financial Planning
Plan your monthly budget based on accurate net salary calculations
Global Employees
Works for employees in any country with different tax structures and deductions
Why Use Our Paycheck Calculator?
Accurate deduction calculations
Supports bi-weekly and monthly pay periods
Detailed breakdown of all deductions
Annual income projections
100% free, no registration required
Mobile-friendly design
Paycheck Calculator FAQs
❓What is the difference between gross pay and net pay?
Gross pay is your total salary before any deductions. Net pay (take-home pay) is the amount you receive after all deductions including taxes, PF, insurance, and other statutory deductions are subtracted from your gross salary.
❓What deductions are typically included in a paycheck?
Common deductions include: Income tax (based on tax slabs), Provident Fund (PF) - typically 12% of basic salary, Professional tax (varies by state), Employee State Insurance (ESI) if applicable, and other voluntary deductions like insurance premiums or loan EMIs.
❓How accurate is this paycheck calculator?
This calculator provides estimates based on standard deduction rates and tax slabs. Actual deductions may vary based on your specific tax-saving investments, exemptions, employer policies, and regional tax rules. Always verify with your HR department or payroll provider for exact amounts.
❓Can I use this for bi-weekly paychecks?
Yes, this calculator supports both bi-weekly (26 pay periods per year) and monthly (12 pay periods per year) payment frequencies. Simply select your pay frequency, and the calculator will adjust annual calculations accordingly.
❓Is this calculator free to use?
Yes, this paycheck calculator is completely free to use with no registration required.