Take Home Salary Calculator
Posted by Dinesh onThis calculator calculates the yearly take home salary, monthly take home salary using monthly basic salary, yearly cost to company, yearly professional tax values.
Take Home Salary Calculation
Formula:
Yearly Take Home Salary = ( c - ( b × 12 ×0.12 ) - ( b × 12 × 0.0481 ) ) - (b × r) / 100 - ( b × 12 ×0.12 ) - p
Monthly Take Home Salary = Yearly Take Home Salary/12
c = Yearly Cost to Company
b = Monthly Basic Salary
p = Professional Tax
r=tax rate