Gross Salary Formula:
From: | To: |
Definition: This calculator determines the gross salary by adding net salary (take-home pay) and all deductions.
Purpose: It helps employees and employers understand the complete salary package before deductions like taxes and insurance.
The calculator uses the formula:
Where:
Explanation: The net salary you receive plus all deductions equals your gross salary.
Details: Understanding gross salary helps with financial planning, tax calculations, and comparing job offers.
Tips: Enter your net salary (take-home pay), total deductions, and select currency. All values must be ≥ 0.
Q1: What's included in deductions?
A: Deductions include income tax, social security, health insurance, retirement contributions, and other withholdings.
Q2: Why is gross salary important?
A: It represents your total compensation package and is often used for loan applications and benefit calculations.
Q3: How do I find my deductions amount?
A: Check your pay stub - it typically shows gross pay, all deductions, and net pay.
Q4: Does this include bonuses or overtime?
A: Only if they're part of your regular gross salary. For complete compensation, add them separately.
Q5: Can I use this for hourly wages?
A: Yes, but first calculate your net pay and deductions for the pay period.