Calculated values may not match with your payslip due the following reasons:
1. Your variable pay is paid quarterly, so you will not have the same take home each month, in the months the variable pay is paid, your take home salary will be more than the calculated value. In other months, it would be less than the calculated amount.

2. Your CTC includes your variable pay, as the name indicates variable pay amount differs based on various factors. This will cause your CTC to vary, this will have a knock-on effect on your take home. You can correct his by adjusting your CTC to match the actual amounts in variable pay. For example, if your CTC is ₹ 15 Lakhs which includes a variable pay of ₹ 2 lakhs, however you only received ₹ 1 lakh as part of your variable pay for this financial year. In this case enter your CTC as ₹ 14 lakhs for accurate calculations.

3. The Salary Calculator calculates your PF and EPF to be 12% of your Basic Pay and Gratuity as 4.81% of Basic Pay. If your PF is paid as a different percentage, the will some variation in your take home salary. We will let you adjust these values in the calculator soon so that you can calculate your take home more accurately.
Various ways of increasing your Take Home salary
The Best Ways: Below are the best ways to reduce you taxable income, whats more, you don't spend penny to utilize these exemptions, you just have be leave the money invested for a few years.
1. Invest upto ₹ 1,50,000/- in ELSS ,NSC,LIC,Home Loan,PF,PPF, Pension under income tax sections 80C, 80CCC, 80CCD
2. Invest upto ₹ 20,000/- on Infra structure bonds under section 80CCF - Lock-in period is between 5 to 15 years
3. If your employer is giving food voucher, opt for them and use them.
4. Put some money in saving bank and the interest earned is tax exempt upto ₹ 10,000/- .

The Second Best Ways: If you have used up the above allowances to the limit and want to look for more ways of saving money, you can utilise the below exemptions. But remember, there is no free lunch here, you need to invest some money to save.
1. If you are planning to buy a house, take a home loan you can save tax on ₹ 3,50,000/- .
2. You can also look into RGESS, however you only get 50% exemption, and you should not have traded via DEMAT account before and your salary should be below ₹ 10,00,000/- .

The Rest: You need to actually spend this money to save tax in this category.
1. If you higher rate tax payer, why not go on a holiday and save 33% , so you only pay 67% of the money on transportation, only 2 journeys are allowed in a block of 4 years. The current block of four years ends on 31 December 2014. So, hurry up!
2. Buy medical insurance for your family and parents for upto ₹ 35,000/- and this amount will be exempt from income tax .

Why is there no option to select gender ?
Gender is no longer relavent, tax brackets are same for Male and Female employees.

Metro Cities
Delhi, Chennai , Mumbai and Kolkata are metro cities for the purpose of HRA calculations.

Useful features of Salary Calculator India
1. Calculates your Net Salary, Income Tax, PF, EPF and Gratuity. This gives you clarity on your salary breakup and helps you gain clear understanding of your salary components.

2. Provides a comparison between your Take Home Salary, Gross and Cost to Company(CTC). This is to highlight the distinction between Gross Salary and CTC.

3. Calculates your current tax saving and helps you identify various tax savings to increase tax savings. This makes it easy for you to get a clear understanding on various tax saving avenues available for you.

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