📋 Monthly Payroll Calculator
Estimate monthly pay breakdown including leave deductions and overtime rewards
How are leave deductions calculated in standard payroll?
Leave deductions (Loss of Pay or LOP) are calculated by finding your daily rate of pay: Daily Rate = Monthly CTC / Total Working Days. The deduction is then: LOP = Daily Rate * Days Absent. This is deducted directly from your gross monthly payout.
What is the standard overtime (OT) multiplier?
Most companies pay overtime at 1.5 times or 2.0 times the basic hourly rate. Our calculator uses a standard rate of 1.5x of the hourly wage rate (Monthly CTC / total working hours) per overtime hour to estimate your OT allowance.
Why are employee and employer PF shares deducted monthly?
The Employee Provident Fund (EPF) requires 12% of your basic pay to be contributed by you, and an equal 12% by your employer. Since the employer contribution is also included in your overall monthly CTC package, both components are deducted to determine the net take-home salary.