Salary Breakup Calculator

CTC (Cost to Company) is the total amount an employer spends on an employee annually. However, the amount you actually receive in your bank account, known as **In-Hand Salary**, is often significantly less. This is due to various deductions like Provident Fund (PF), Professional Tax, and Income Tax. Our calculator helps you visualize how your CTC is distributed across different components like **Basic Pay**, **HRA**, and **Allowances**.

• **Basic Salary**: The core part of your pay, usually 40-50% of CTC. It's fully taxable.
• **House Rent Allowance (HRA)**: Provided for rent expenses. A portion can be tax-exempt under specific conditions.
• **Provident Fund (PF)**: A mandatory savings scheme where both you and your employer contribute.
• **Special Allowance**: A balancing component that covers the remainder of the CTC and is fully taxable.