What is the difference between gross and net salary in India?

Gross salary is your pay before deductions such as income tax, EPF, professional tax, and other withholdings. Net salary (take-home) is what you receive after those deductions. Cost-to-company (CTC) may include employer-only costs that are not part of your monthly cash flow, so planning should usually start from net in-hand pay.

How much EPF is deducted from salary?

For many salaried employees in India, EPF is 12% of basic wages from the employee, with a matching employer contribution that does not increase take-home pay. The exact base and caps depend on your salary structure and company policy. Use the PF % field in this calculator to model your deduction.

What is a good savings rate in India?

A common starting point is saving 20–30% of take-home pay after essentials, but the right number depends on rent, EMIs, dependents, and goals. Dual-income households with lower fixed costs may save more; high-rent cities may need a lower percentage until debt is controlled. Use the savings rate output here, then validate with the Budget and Emergency Fund tools.

Is this salary calculator free?

Yes. FinCoHolic’s salary calculator is free to use in your browser with no login required. For official tax filing, consult a chartered accountant and government portals.

Salary & Savings Calculator

Enter your income — get a personalised savings blueprint powered by Buffett's principles

💼 Income Details

Gross Salary (₹ / Month)

₹

Income Tax Deduction

10%

PF / EPF Contribution

12%

Other Deductions (₹)

₹

Your Savings Target

30%

Override Monthly Expenses (optional)

₹

Gross Income

₹60,000

per month

Total Deductions

₹13,200

Tax + PF + Other

Net Take-Home

₹46,800

in-hand / month

Recommended Savings

₹18,000

30% of gross

📊 Salary Allocation Breakdown

Deductions

Savings

Living Expenses

Daily Save

₹600

per day

Weekly Save

₹4,154

every week

Annual Save

₹2.16L

this year

10-Yr Corpus

₹35.2L

@ 12% p.a.

🩺 Financial Health Score

Good — Keep Building!

Free salary calculator for India — take-home pay & savings

Use this free salary calculator to estimate your exact in-hand salary in India after income tax, Employee Provident Fund (EPF), and other payroll deductions. Enter gross pay as monthly, weekly, or annual figures, adjust tax and PF percentages, and see net pay, recommended savings, a daily savings target, and a simple long-term corpus illustration.

The tool is built for salaried professionals and households who plan in Indian rupees (INR). It is educational — not tax filing software — but it helps you understand why take-home pay matters more than CTC when you set a savings rate.

How to use the salary & savings calculator

Start with your gross salary and pay frequency. Add an approximate tax rate and EPF (or similar) deduction percentage, plus any other monthly deductions. Set a target savings rate as a share of gross or follow the suggested split. The results update instantly: net in-hand pay, amount to save each month, per-day savings, and allocation bars that show tax, savings, and spendable income.

When your numbers look right, send them to the Budget or Savings Rules tools so your whole plan stays consistent across FinCoHolic.

Gross vs net salary in India

Gross salary is what your employer quotes before deductions; net (take-home) salary is what lands in your bank account. CTC often includes employer contributions you never spend. Basing your budget on gross pay can make you feel richer than you are and push your savings rate too low. This calculator keeps the focus on net pay and automated savings on payday.

Frequently asked questions

What is the difference between gross and net salary in India?: Gross salary is your pay before deductions such as income tax, EPF, professional tax, and other withholdings. Net salary (take-home) is what you receive after those deductions. Cost-to-company (CTC) may include employer-only costs that are not part of your monthly cash flow, so planning should usually start from net in-hand pay.
How much EPF is deducted from salary?: For many salaried employees in India, EPF is 12% of basic wages from the employee, with a matching employer contribution that does not increase take-home pay. The exact base and caps depend on your salary structure and company policy. Use the PF % field in this calculator to model your deduction.
What is a good savings rate in India?: A common starting point is saving 20–30% of take-home pay after essentials, but the right number depends on rent, EMIs, dependents, and goals. Dual-income households with lower fixed costs may save more; high-rent cities may need a lower percentage until debt is controlled. Use the savings rate output here, then validate with the Budget and Emergency Fund tools.
Is this salary calculator free?: Yes. FinCoHolic’s salary calculator is free to use in your browser with no login required. For official tax filing, consult a chartered accountant and government portals.

Educational tool only — not tax, legal, or investment advice. Read our disclosures.