CTC Calculator

CTC (Cost to Company) is the total amount of money a company spends on an employee in one year. It includes basic salary, allowances, benefits, and employer contributions to EPF, insurance, etc.

Basic Salary is typically 40-50% of your CTC. It forms the base for calculating various allowances and deductions. A higher basic salary means higher EPF contribution but also higher tax deductions.

HRA is an allowance given by employers to help employees meet their rental expenses. It's usually 40-50% of basic salary for metro cities and 40% for non-metros. HRA can provide tax benefits if you're paying rent.

Employee Provident Fund (EPF) is a retirement benefit scheme. Both employee and employer contribute 12% of basic salary. The employer's contribution is part of your CTC. For basic salary exceeding ₹15,000 per month, EPF is calculated on ₹15,000.

Special Allowance is a flexible component used to adjust the CTC structure. Performance Bonus is variable pay linked to individual/company performance, typically paid annually or quarterly. Both are fully taxable.

This calculator provides estimates based on standard salary structures. Actual calculations may vary based on your company's policies, location, and other factors. For precise calculations, please consult your HR department or a tax professional.