SalaryGrid - Tools • Calculators • Career
Statutory & Calculation ScopeLast Updated: September 2026

Financial & Legal Disclaimer

Please read this disclaimer carefully before using any calculation tools, salary comparisons, tax estimators, or financial forecasts on SalaryGrid.

Informational & Educational Purpose Only

The calculations, tax regime models, provident fund forecasts, gratuity figures, loan amortisation schedules, and mutual fund projections provided across SalaryGrid (salarygrid.in) are mathematical estimates designed solely for general educational, benchmarking, and informational purposes. SalaryGrid does not provide certified legal, investment, or taxation advisory services.

1. Income Tax, CTC & In-Hand Salary Calculations

Our CTC to In-Hand and Salary Breakup engines incorporate the latest statutory provisions from the Finance Act for FY 2026-27 (AY 2027-28), including New Tax Regime revisions, standard deduction of ₹75,000, Section 87A rebates, and Section 87A marginal relief.

  • Employer Variations: Exact monthly in-hand net pay varies based on company-specific allowance categorizations (HRA, Special Allowance, LTA, Food Coupons, NPS Tier 1 contributions under Sec 80CCD(2)).
  • State Taxes: Professional Tax (PT) rates vary across states (e.g. Maharashtra, Karnataka, Telangana, West Bengal).
  • TDS Reconciliations: Final tax liability may differ when filing ITR based on your total annual income from other sources (capital gains, interest, rental income).

2. EPF & Gratuity Statutory Calculations

  • EPF Interest Rates: EPF maturity estimates assume the currently declared EPFO annual interest rate (8.25% p.a. for FY 2026-27). Future interest rates are determined annually by the Central Board of Trustees, EPF and the Ministry of Finance.
  • Gratuity Eligibility: Gratuity estimates follow the 15/26 formula under the Payment of Gratuity Act, 1972. Payout eligibility requires at least 5 years of continuous service (subject to statutory disablement/death exceptions) and a tax-exempt ceiling of ₹20,00,000 under Section 10(10).

3. Loan EMI & Banking Amortisation

Loan EMI calculations utilize the standard monthly reducing balance formula. Actual sanctioned interest rates, processing fees, GST on processing charges, loan tenure restrictions, and prepayment charges depend exclusively on your lending institution (SBI, HDFC, ICICI, etc.) and individual CIBIL credit scores.

4. Mutual Fund SIP Wealth Forecasts

Mandatory SEBI Disclosure: Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance and expected return rates (e.g. 12% CAGR) do not guarantee future returns.

5. Goods & Services Tax (GST)

GST calculations reflect the standard 5%, 12%, 18%, and 28% slabs. Specific item HSN/SAC codes, reverse charge mechanisms (RCM), composite scheme rates, and input tax credit (ITC) eligibility should be confirmed with a licensed GST practitioner or tax consultant.

6. Consult a Professional

No information on SalaryGrid should be treated as a substitute for certified advice from a Chartered Accountant (CA), legal counsel, or registered investment advisor. If you have questions regarding these disclosures, please visit our Contact Page.