Indian Salary Calculator

Indian Salary Calculator APK

Indian Salary Calculator APK

1.0 FreeAlain Wertheime info ⇣ Download APK (9.63 MB)

Indian Salary Calculator is Tax calculation has never been so easy!

What's Indian Salary Calculator APK?

Indian Salary Calculator is a app for Android, It's developed by Alain Wertheime info author.
First released on google play in 1 year ago and latest version released in 1 year ago.
This app has 90 download times on Google play
This product is an app in Finance category. More infomartion of Indian Salary Calculator on google play
Indian Salary Calculator is an easy way to calculate salary for all year.

Indian Salary Calculator is an simple app to calculate your net salary in 2021. It is designed according to India and also open for all world. You can calculate your net salary by subtracting tax, pf and other from your gross salary. It makes easy for anyone to calculate salary within a few second.

Following are the step to calculate the Indian salary

1. Calculate Gross Salary:
First Calculate the Gross salary. Gross Salary is calculated by subtracting the Employer's contribution Provident Fund contribution(EPF) and Gratuity from Cost to Company(CTC).

Gross Salary = Cost to Company(CTC) - Employer's PF Contribution(EPF) - Gratuity.

2. Calculate Taxable Income: Taxable income is calculated by subtracting Conveyance Allowance, House Rent Allowance(HRA), Leave Travel Allowance(LTA) Professional Tax, Medical Bills, Medical Insurance, Tax Saving Investments .

Taxable Income = Gross Salary - Employee's PF Contribution(PF) - Conveyance Allowance - HRA - LTA - Medical Bills - Medical Insurance - Tax. Saving Investments - Other Deductions.

3. Calculate Income Tax: Calculate Income Tax based on income Tax Slabs and rates.

Following are the INCOME TAX SLAB
2017-2018 AND 2018-2019

Rs 0 - Rs 2,50,000 0%
Rs 2,50,000 - Rs 5,00,000 5%
Rs 5,00,000 - Rs 10,00,000 20%
Rs 5,00,000 ABOVE 30%

Additional TAX:
2% Educational cess and 1% Higher and Secondary cess ON INCOME TAX.

4. Calculate Take Home Salary; Subtract the Income Tax, Provident Fund (PF) and Professional Tax from the Gross Salary

Take Home Salary = Gross Salary - Income Tax - Employee's PF Contribution(PF) - Prof. Tax.
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