Salary Calculator

Convert between hourly, weekly, monthly, and annual salary. Calculate take-home pay after taxes.

Calculator

Tax Rates & Deductions

Results

Enter values and click Calculate

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In-Hand Salary and Take-Home Pay

Gross salary is the amount your employer agrees to pay before any deductions, while in-hand salary β€” also called take-home salary β€” is what actually lands in your bank account each payday. The difference is made up of income tax, employee provident fund contributions, insurance premiums, and any other deductions your employer withholds.

This salary calculator works as a take-home salary calculator: enter your wage, the tax rates that apply to you, and any other annual deductions, and it converts the result into hourly, weekly, monthly, and yearly net pay. The in-hand salary figure it produces is the number you can realistically budget with, rather than the higher gross amount shown on your offer letter.

In many countries β€” including India β€” salaries are commonly discussed as a gross cost-to-company (CTC) package, so it is worth running the numbers through a salary calculator India to see what your in-hand salary will be once all deductions are removed.

How to Use

Divide your annual salary by the number of hours you work per year (typically 2,080 for full-time: 40 hours Γ— 52 weeks).

How It Works

Convert between hourly, weekly, monthly, and annual salary. Calculate take-home pay after taxes.

Formula / Calculation Method

This calculator uses standard mathematical formulas for accurate results.

Example

Try the calculator above with your own values to see personalized results.

Frequently Asked Questions

How do I calculate my hourly rate from my salary?

Divide your annual salary by the number of hours you work per year (typically 2,080 for full-time: 40 hours Γ— 52 weeks).

What taxes are deducted from my paycheck?

Federal income tax, Social Security (6.2%), Medicare (1.45%), state income tax (varies by state), and possibly local taxes.

How much car can I afford based on my salary?

A widely used guideline is the 20/4/10 rule: put at least 20% down, finance for no more than 4 years, and keep your total monthly car costs within about 10% of your gross monthly income. Many advisors also suggest keeping your overall vehicle budget under roughly 35% of your annual income. Use this salary calculator to convert your pay and budget accordingly.

How much mortgage can I afford on my salary?

Lenders typically allow housing costs up to about 28% of gross monthly income and total debts up to 36%. Convert your salary to a monthly figure with this salary calculator, then apply those percentages to find a comfortable mortgage payment and an affordable price range.

How much should I save per month based on my salary?

A popular rule is the 50/30/20 budget: spend 50% of your income on needs, 30% on wants, and save at least 20% of it. Beyond that, aim to build an emergency fund covering 3 to 6 months of expenses. This salary calculator converts your pay to monthly, weekly, and yearly amounts so you can set a specific monthly savings target.

What is my salary? (hourly, weekly, monthly, or annual)

Enter any single figure β€” hourly, weekly, monthly, or annual β€” and this salary calculator instantly converts it to all the others. For example, multiply an hourly rate by 40 hours and 52 weeks to estimate an annual salary, or divide an annual salary by 52 to get a weekly amount. The calculator also estimates take-home pay after taxes.