Pay and salary tools: user guide

HRA exemption calculator

Pay rent? See how much of your HRA is tax-free under the old tax regime, how much is taxable, and roughly how much tax it saves.

1. Enter basic + DA, HRA received and rent paid a month.
2. Add months of rent, where you live and your old-regime tax slab.
3. See the tax-free HRA, the taxable part and the tax saved.

• The rule: The tax-free part is the lowest of three: HRA received, rent minus 10% of basic plus DA, and 50% of basic plus DA (40% outside the eight cities).
• Old regime only: The new tax regime does not allow HRA exemption. If you pay high rent, compare both regimes before you choose.

Which offer pays more?

Two offers on the table? Compare the monthly in-hand pay, variable pay and joining bonus side by side, after PF and tax.

1. Enter CTC, variable pay % and joining bonus for Offer A.
2. Do the same for Offer B.
3. Compare monthly in-hand pay side by side, after PF and tax.

• Fixed first: Monthly in-hand pay comes from the fixed part of the CTC. Variable pay depends on targets and is paid later.
• Joining bonus: A joining bonus helps in year one only, and often has to be paid back if you leave early.

Free payslip maker

Fill in the details, see the payslip as you type, and save it as a PDF. Net pay in words is filled in for you.

1. Fill in company and employee details, and add your logo if you want.
2. Enter earnings and deductions; the payslip updates as you type.
3. Download it as a PDF. Net pay in words is filled in for you.

Salary breakup calculator

Turn a CTC into a monthly salary structure: basic, HRA, PF, ESI, gratuity, professional tax, income tax and take-home pay.

1. Enter the annual CTC and basic as a % of CTC.
2. Choose HRA, PF, gratuity and professional tax options.
3. See the monthly structure and take-home pay.

• CTC and gross pay: CTC is the full cost to the company. It includes the employer's PF, ESI and gratuity, which the employee does not get in hand each month. Gross pay is what is paid before deductions.
• Special allowance: What is left of the CTC after basic, HRA and the employer's contributions. It balances the structure.

Salary hike calculator

Got a hike, or planning to ask for one? See the new CTC and how much more lands in your bank account each month.

1. Enter your current CTC.
2. Enter the hike % and basic as a % of CTC.
3. See the new CTC and how much more lands in your bank each month.

• Why in-hand grows less: PF, professional tax and income tax also rise with the CTC, so a 10% hike adds a little less than 10% to take-home.
• Crossing ₹12 lakh: Up to ₹12 lakh of taxable income there is no tax in the new regime. Just above it, marginal relief keeps the tax small.