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Employee cost calculator
Employee cost calculator
Hiring in India? The Employee Cost Calculator provides accurate expense estimates.
Employee Cost Calculator
Enter Gross Annual Salary of Employee
INR
USD
SGD
EUR
AUD
GBP
Hint Text
Include Employer PF (INR 1,800/month) in Gross Salary¹
Calculate
Full Cost Breakdown
Annually
Monthly
INR
USD
SGD
EUR
AUD
GBP
Amount you pay
Gross annual salary of employee
0
INR
Employer PF contribution
1
0
INR
Health Insurance Cost
0
INR
Life Insurance Cost
0
INR
Wisemonk Fee
Approximate fee charged by us (Wisemonk) to manage payroll, benefits, and compliance.
0
INR
Total Annual Cost
0
INR
Amount employee gets
Gross Monthly Salary
0
INR
Basic Salary
0
INR
House Rent Allowance
0
INR
Leave Travel Allowance
0
INR
Flexible Benefits Allowance
4
0
INR
Special Allowance
0
INR
Employer PF
0
INR
Deductions
0
INR
Income Tax
Income tax calculated as per new tax regime(FY 2025-26)
0
INR
Professional Tax
0
INR
Employer PF
0
INR
Employee PF
0
INR
Flexible Benefits
5
0
INR
Employee NPS Contribution
5
0
INR
Net Monthly Pay
0
INR
Additional Employer Provisions
Earned Leave Encashment
2
0
INR
Employer Gratuity Contribution
3
0
INR
Total Provision Cost
0
INR
Key Considerations:
Indian employment law mandates a monthly contribution of INR 1800 from both the employee and the employer.
Earned leave, if unavailed, can be encashed by employees upon exit after at least 1 year of service.
Gratuity payment is due upon completion of continuous 4.6 years of service with a company.
Employees can choose to contribute upto INR 14,116 per month to their flexible benefit plan (includes meal, fuel and other wallets)
Employee can customize Flexible Benefits and NPS upon joining.