Indian Salary Calculator

					                                         PAY Calculator

                          PAY                                           New PAY 
Basic                     500,000.00          Basic                     550000
Fixed Allowences          800,000.00          Fixed Allowences          880,000.00
Gross                     1,300,000.00        Gross                     1,430,000.00
Performance Bonus         40,000.00           Performance Bonus         44,000.00
Employer PF               30,000.00           Employer PF               33,000.00
Gratuity                  12,000.00           Gratuity                  13,200.00
CTC                       1,382,000.00        CTC                       1,520,200.00


Monthly INHAND Income     91,416.67           Monthly INHAND Income     103,766.67     Actual Hike 13.51%


Net income (Gross ‐ PF)   1,240,000.00        Net income (Gross ‐ PF)   1,364,000.00
80C Savings               100,000.00          80C Savings               100,000.00
infrastrcture Bonds       20,000.00           infrastrcture Bonds       20,000.00
Home loan Interest        150,000.00          Home loan Interest        150,000.00
Savings                   270,000.00          Savings                   270,000.00
Taxable income            970,000.00          Taxable income            1,094,000.00
Tax exemption             180,000.00          Tax exemption             200,000.00
10% slab max              500,000.00          10% slab max              800,000.00
20% Slab max              800,000.00          20% Slab max              1,500,000.00


TAX                       143,000.00          TAX                       118,800.00


Hike %                    10.00%


Monthly inhand income value calculated to approximate


  Note:- Actual Hike may be more than Hike when
  tax slabs are much higher than previous year.

				
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posted:3/20/2012
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Description: Please fill your current salary details and Tax details and Hike. it will project your "New Salary"