* Disclaimer:

1. We have considered Professional tax rate slabs of Karnataka State.
2. We have taken 40% of gross pay as basic salary for PF calculation.
3. We made only mandatory PF deductions.
4. We have calculated employee insurance premium for an assured amount of Rs 5 lakh.
5. The users either can edit the existing deductions, or they can enter the additional deductions.
6. We have not deducted income tax while calculating net pay/ take home salary.