Salary Calculator

Annual salary divided by 12 gives your monthly gross. ₹12 lakh annual = ₹1 lakh monthly. But that's gross, not in-hand. Subtract PF (12% of basic), professional tax, and income tax to get your net salary. So a ₹12 lakh CTC might land you around ₹78,000-85,000 in-hand, depending on tax regime and HRA structure. Many companies show CTC including employer's PF contribution, gratuity, and other benefits — that's not your monthly cash flow. Always ask for an in-hand monthly figure when negotiating offers. The calculator shows both gross and net.

Divide annual salary by total annual working hours. Standard is 2,080 hours (52 weeks × 40 hours). So a ₹15 lakh annual salary = ₹15,00,000 / 2080 = ₹721 per hour, gross. If your week is 45 hours, use 2,340 hours instead — that gives ₹641. For a more honest figure, deduct paid leaves (you're paid but not working those days) — say 25 leave days = 200 hours less. Net working hours ≈ 1,880, raising the effective rate to ₹798. The calculator handles all these variations once you input your actual schedule.

The standard is 2,080 hours per year — 52 weeks × 40 hours. This is the default for US salary-to-hourly conversions. In India, with 5-day work weeks, it's similar. For 6-day work weeks (still common in some sectors), use 2,496 hours (52 × 48). Some employers use 2,000 hours flat as a rounder figure. If you take 20 days of paid leave, you're actually working ~1,920 hours, which raises your effective hourly rate. Always state the number you're using when comparing offers — different companies use different baselines, and it changes the math.

Gross salary is total CTC before any deductions — what's promised on the offer letter. Net salary (or take-home) is what actually hits your bank account after PF (12% of basic), professional tax, income tax, and any other deductions. The gap can be 20-30% in India. A ₹15 lakh gross salary might give you ₹11-12 lakh net. CTC often inflates the gross by including employer PF contribution and gratuity, which you don't see monthly. Always negotiate based on in-hand monthly figures. The calculator gives an estimate of net salary based on slab rates and standard deductions.

Biweekly means paid every two weeks — that's 26 paychecks a year, each covering 80 working hours. Semi-monthly means paid twice a month (typically 1st and 15th) — that's 24 paychecks a year, each covering ~86.7 hours. For an annual salary of ₹12 lakh, biweekly = ₹46,154 per cheque; semi-monthly = ₹50,000 per cheque. Biweekly gives smaller, more frequent cheques — useful for cash flow but tougher for monthly bills. Semi-monthly is easier to budget around. Net annual income is identical; only the rhythm differs. This applies mainly in US payroll structures.

Annual salary divided by 2,080 gives the rough hourly equivalent. $60,000 / 2,080 = $28.85 per hour. That's pre-tax. After roughly 25-30% in federal, state, FICA, and other deductions, take-home is closer to $20-21 per hour. If you work overtime or fewer hours, the real hourly rate shifts. Compare against the cost of living too — $60,000 in San Francisco isn't the same as $60,000 in rural Texas. The calculator accounts for different work-week assumptions and shows pre-tax and post-tax versions.

Convert both to a common unit — usually annual gross salary — then compare net take-home, benefits, and total compensation. A ₹14 lakh annual offer paid monthly versus a ₹13 lakh annual offer paid quarterly with bigger bonus — convert both to monthly cash flow. Factor in employer PF match, health insurance, ESOPs, leave policy, and travel reimbursement. A "lower" salary with great benefits often wins. Also compare net (after tax) income — old vs new tax regime makes a real difference. Don't compare just the headline number. The calculator helps line them up consistently.