Salary Slip Calculator

Generating your salary slip breakdown takes less than a minute:

1. Enter your annual CTC or monthly gross salary.
2. Enter your basic salary if known separately, or let the calculator estimate it.
3. Enter any allowances such as HRA, transport allowance, or special allowance.
4. Enter applicable deductions like PF, professional tax, and income tax TDS.
5. Click Calculate to instantly generate a detailed salary slip showing all earnings and deductions.

The calculator gives you a complete payslip-style breakdown, exactly as it would appear on your official monthly salary slip.

A salary slip, also called a payslip, is an official document issued by an employer to an employee every month, detailing the complete breakdown of salary earned and deductions made during that pay period. It serves as proof of income and is required for several important purposes.

A salary slip is typically required when applying for a loan or credit card, filing income tax returns, renting a property, applying for a visa, or switching jobs. Understanding every component on your salary slip helps you verify that your pay is calculated correctly and plan your finances more effectively.

The earnings section of a salary slip typically includes:

• Basic Salary — The core component of salary, usually 40% to 50% of CTC. It is fully taxable and forms the base for calculating PF, gratuity, and HRA.
• HRA (House Rent Allowance) — Provided for accommodation expenses, usually 40% to 50% of basic salary. Partially or fully exempt from tax if you pay rent.
• Special Allowance — A flexible component used to balance the salary structure. Fully taxable in most cases.
• Transport Allowance — Provided for commuting expenses. Tax treatment depends on applicable rules for the financial year.
• Medical Allowance — Provided for medical expenses, with partial exemption available in some cases.
• Performance Bonus — Variable pay linked to individual or company performance, usually paid monthly or annually.

The deductions section of a salary slip typically includes:

1. Employee PF Contribution — 12% of basic salary deducted monthly and deposited into your EPF account for retirement savings.
2. Professional Tax — A small state-levied tax, typically between ₹150 and ₹300 per month, varying by state.
3. Income Tax TDS — Deducted based on your estimated annual taxable income and applicable slab rates under your chosen tax regime.
4. ESI (Employee State Insurance) — Applicable for employees earning below a certain threshold, providing health and social security benefits.
5. Loan EMI Deductions — If you have taken a salary advance or employer loan, the EMI may be deducted directly from your salary.

When you receive your monthly salary slip, check the following to ensure accuracy:

• Verify total earnings — Ensure all allowances and components match your offer letter or revised salary structure.
• Check PF deduction — Should be exactly 12% of your basic salary. Any discrepancy should be raised with HR immediately.
• Review TDS deduction — If TDS appears unusually high or low, cross-check with your income tax liability using a tax calculator.
• Confirm net pay — The final in-hand amount should match what is credited to your bank account on salary day.
• Save your payslips — Keep at least 12 months of salary slips for loan applications, ITR filing, and employment verification.

Our calculator helps you understand and verify your payslip by allowing you to:

• Generate an instant, accurate salary slip breakdown
• Understand exactly what each component on your payslip means
• Verify that your employer's calculations are correct
• Use your salary slip data for loan applications, tax filing, or financial planning