When you are working for an organisation as an employee, then your employer makes regular monthly payments to you for the work done, which is referred to as the salary. The basic components in the salary structure in India include:
The salary calculator is a model that calculates your take-home salary. It is the total salary that you get after all the necessary deductions are done. The salary calculator consists of a formula box, wherein details such as CTC and the bonus that is included in the CTC.
The salary calculator will also provide you with information regarding the deductions such as the employer and employee provident fund, your professional tax, employee insurance and your take-home salary.