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Take Home Salary Calculator in India For 2021 22

Under the current tax regime, an individual earns a gross annual salary of Rs. 712,174 which is broken up into basic wage, HRA, conveyance and medical allowances, and other allowances. Total annual deductions for PF, health insurance, professional tax, and TDS amount to Rs. 51,535, leaving a net annual salary of Rs. 660,639 or a net monthly salary of Rs. 55,053.

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277 views1 page

Take Home Salary Calculator in India For 2021 22

Under the current tax regime, an individual earns a gross annual salary of Rs. 712,174 which is broken up into basic wage, HRA, conveyance and medical allowances, and other allowances. Total annual deductions for PF, health insurance, professional tax, and TDS amount to Rs. 51,535, leaving a net annual salary of Rs. 660,639 or a net monthly salary of Rs. 55,053.

Uploaded by

vidhi jumani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Annual CTC 750,000

Current Tax Regime New Tax Regime

In hand Salary per Year 660,639


Inhand Salary per Month 55,053

Salary Break Up
Earnings
Per year Per Month
Basic wage (45%) 337,500 28,125
HRA 135,000 11,250
Conveyance Allowances 19,200 1,600
Medical Allowances 15,000 1,250
Other Allowances 205,474 17,123
Total Earnings (Gross Salary) 712,174 59,348
Deductions
PF 21,600 1,800
Health Insurance 9,600 800
Professional Tax 2,400 200
TDS 17,935 1,495
Total Deductions 51,535 4,295
Net Salary 660,639 55,053

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