Income & Payroll Planning

Free Online Salary Calculator

Convert between hourly wage, daily pay, monthly salary, and annual compensation. Estimate net in-hand take-home earnings with realistic deductions and budgeting.

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Pay Frequency Conversion

Effortlessly switch between hourly wage, monthly salary, and annual cost to company (CTC).

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Take-Home Estimates

Estimate realistic take-home pay by factoring in standard deductions and withholding.

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Working Days & Hours

Configurable for standard 40-hour workweeks, overtime hours, and monthly payroll cycles.

Converting Salary and Understanding Take-Home Pay

Comparing job offers or transitioning between freelance hourly rates and salaried employment requires evaluating full compensation. A gross package (CTC) differs notably from in-hand bank deposits due to social security, income tax, and health insurance.

1
Enter Compensation

Input your hourly wage, monthly salary, or annual package amount.

2
Select Pay Schedule

Define standard weekly working hours (e.g. 40 hours) and payment intervals.

3
View Pay Summary

Examine daily, weekly, bi-weekly, monthly, and yearly equivalents in one view.

Frequently Asked Questions

How do I convert an hourly wage to an annual salary?
For a standard 40-hour workweek: Multiply your hourly wage by 2,080 (40 hours/week × 52 weeks/year). For example, $25/hour is approximately $52,000/year.
What is the difference between Gross Salary and Net Take-Home Pay?
Gross salary is the total agreed compensation before any subtractions. Net take-home pay is what actually arrives in your bank account after income taxes, PF, insurance, and professional taxes are deducted.
Can freelancers use this to estimate required hourly rates?
Yes. Divide your target annual earnings plus business overhead by billable hours to calculate your minimum hourly baseline.