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All-in-one HR platform · v2.0
14-day free trial · No credit cardhello@HrMagix.com
All-in-one HR platform · v2.0
14-day free trial · No credit cardhello@HrMagix.com
Each one opens on its own page with its own inputs, its own worked result and a full explanation of how the figure was reached. Nothing is modelled, estimated or projected, you should be able to reproduce every number by hand.
Reproducible statutory math
Salary breakup, take-home pay, EPF (12% ceiling), ESI (₹21,000 threshold), and gratuity (15/26 formula) with full line-by-line deduction logic.
Each opens a dedicated page. The first four apply provisions of central Indian statute; the last two apply those rules across a team, and the published HRMagix rates.
The same three questions in the same order, on every calculator.
Clearly labelled inputs with a hint under each, and a note on what the figure should be, basic rather than gross, gross rather than basic, completed years rather than months.
A short explanation sits beside the title before you touch anything, so the tool is never the first thing you have to interpret.
Press Calculate for headline figures, then the full breakdown underneath, every intermediate line, with the rate or rule that produced it named beside it.
The formula in full, the steps in order, and an explicit list of what the calculation does not include and why.
Not offered
Three calculations people look for are missing from the list above, and they are left out on purpose, not by mistake.
Each depends on figures that change by statute every year, or that differ by state, and that HRMagix does not publish. A calculator built on a guessed slab produces a confident wrong number, which is worse than no calculator, because someone will act on it.
Income tax under Section 192 depends on the employee's election between the old and new regimes, on slab rates set by Finance Act each year, and on verified declarations under 80C, 80D, HRA and home-loan interest.
What it would need, Current-year slab rates and the individual's verified declarations. Both exist inside a real payroll run against a specific employee, which is where HRMagix computes the monthly TDS schedule, quarterly Form 24Q and annual Form 16 Part B.
Professional Tax is a state subject. Slabs, exemptions and periodicity differ by state, and Maharashtra deducts a different amount in one month of the year.
What it would need, The current notified schedule for each state you operate in. HRMagix configures these per work location so applicability follows the employee record.
LWF runs on state calendars, half-yearly in some states, annual in others, on dates unrelated to the payroll cycle.
What it would need, The current state-notified amounts and due dates for each location.
Each calculator has its own page, covering salary breakup and take-home, PF, ESI, gratuity, total payroll cost and HRMagix plan cost, among others listed on this page.
Yes. Every result shows the full breakdown, the rate or rule behind each line, the formula in full and what the calculation does not include, so each number can be reproduced by hand.
Income tax under Section 192 depends on the old or new regime election, slab rates set by the Finance Act each year and verified declarations, so a standalone calculator would produce a confident but unreliable number.
Professional Tax is a state subject whose slabs, exemptions and periodicity differ by state, and Maharashtra deducts a different amount in one month of the year.
LWF runs on state calendars, half-yearly in some states and annual in others, on dates unrelated to the payroll cycle.
Inside the HRMagix payroll run, where the registrations and declarations that make them answerable actually exist.
It uses the published HRMagix plan rates shown on the pricing page.
The statutory calculators apply provisions of central Indian statute; state-set heads are not offered as standalone calculators.
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