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Elite Term Plan
Lifetime protection till age 99 years
High cover at affordable cost
Convenient premium payment options
Sum Assured as lumpsum or monthly instalments
Super Protection Plan
Option to get your money back (Return of Premium- ROP)
Flexibility to pay premiums at your convenience
Lifetime protection till age 99 years
Sum Assured as lumpsum or monthly instalments
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Life Plan
Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
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Protect Shield Plus Plan
Instant Issuance
Flat rate cover
No medicals
Tax benefits as per prevailing tax laws
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Saral Jeevan Bima Plan
Life Insurance Cover of up to ₹50 lakhs.
Flexible premium payment options
Up to 40 years of protection for loved ones.
Protection against COVID-19 with lump sum benefit.
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Term Rider Plan
Additional Life Cover for up to 5-30 years
Guaranteed Lumpsum Death Benefit
Enjoy Tax Benefits on Premiums You Invest.
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Elite Term Plan
Benefits at Maturity & Life cover
High cover at affordable cost
Convenient premium payment options
Sum Assured as lumpsum or monthly instalments
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Super Protection Plan
Option to get your money back (Return of Premium- ROP)
Flexibility to pay premiums at your convenience
Lifetime protection till age 99 years
Sum Assured as lumpsum or monthly instalments
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Life Plan
Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
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Protect Shield Plus Plan
Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
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Saral Jeevan Bima Plan
Life Insurance Cover of up to ₹50 lakhs.
Flexible premium payment options
Up to 40 years of protection for loved ones.
Protection against COVID-19 with lump sum benefit.
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Radiance Smart Invest Plan
Zero Fund allocation charges
10 different funds to choose from
3 plan options to achieve your investment goals
100% money invested for higher returns
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Money Balance Plan
Optimised Investment Strategy
Flexible-Premium Payment
Partial Withdrawal Flexibility
Convenient Fund Accessibility
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TULIP Plus Plan
Up to 100x life insurance cover
Up to 750%* return of Premium Allocation charges
Riders designed to cover additional risks
Reduced premium allocation charge for higher premiums
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TULIP Pro Plan
Up to 20X Life Cover for Your Loved Ones
Additional Coverage through TERM Rider
Multiple Investment Strategies and up to 10 Diversified Funds
Up to 600% of Premium Allocation Charges returned at Maturity
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Wealth Maximizer Plan
Market Linked Returns
Free switches for maximum gain
Long-term loyalty benefits
Add top-up premiums
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Assured Income For Milestones Plan
Guaranteed long-term income plan
Ideal for milestone-based financial planning
Three customizable benefit options
Immediate or deferred income variants
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Guarantee Of Life Dreams Plan
Choice of 3 income Options
UpTo 5% Extra Income on Online Purchase
Enhanced Income Benefit for Women
Option to Choose the date to receive a regular income.
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Guaranteed Single Premium Plan
One-time payment (Single Pay)
Tax saving benefits*
Life Cover that is 1.25 times higher
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Mahajeevan Plus Plan
Life cover of up to 15 or 20 years
Periodic Cash backs
Uninterrupted Life Cover
Money Back Discounts with Early Premium Payments
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Smart Retirement Plan
Market-linked returns, with 3 new funds!
2 plan options to secure your retirement
ZERO allocation or administration charges.
Guaranteed Additions* of up to 5% in Year 1
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Guaranteed Pension Plan
Income for Life
5 Annuity Choices
Joint Life Security
Escalating Annuity option
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Guaranteed Annuity Plan
Retirement Planning
12 Annuity Options
Exclusive benefits for NPS subscribers
Continuity with Joint Life Option
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Guaranteed Retirement Plan
Assured Returns
Beat Inflation
Choose How to Save
Save Longer for up to 40 years
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Assured Income For Milestones Plan
Guaranteed long-term income plan
Ideal for milestone-based financial planning
Three customizable benefit options
Immediate or deferred income variants
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Guarantee Of Life Dreams Plan
Choice of 3 income Options
UpTo 5% Extra Income on Online Purchase
Enhanced Income Benefit for Women
Option to Choose the date to receive a regular income.
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Guaranteed Single Premium Plan
One-time payment (Single Pay)
Tax saving benefits*
Life Cover that is 1.25 times higher
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Life Long Guaranteed Income Plan
Short-Term Payments, Long-Term Gains
Guaranteed Income to fulfill Financial Goals
Lifetime Income Till 99 years of age
Premium Payback Assurance
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Term Rider Plan
Additional Life Cover for up to 5-30 years
Guaranteed Lumpsum Death Benefit
Enjoy Tax Benefits on Premiums You Invest.
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Waiver of Premium Rider
3 Coverage Options
Guaranteed Financial Protection For Your Loved Ones
Policy Remains Effective in Your Absence (WOP)
10 Critical Illness Cover
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ADB Rider
Up to 2 Cr. Additional cover over existing policy
Protect your loved ones at affordable price.
Tax Advantages
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TPD Rider
Up to 1 Cr. Additional cover
Protect your loved ones at affordable price.
Tax Advantages
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Group Living Benefits Plan
Comprehensive Group Health Insurance
Affordable Heatlh Coverage for Corporate
COVID-19 Protection for Group Life Insurance
Fixed Benefit Assurance
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Group Term Plan
Affordable Group Term Insurance
Voluntary or Automatic Enrollment
Enhanced Coverage with EDLI
Flexible Premium Payment
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New Corporate Benefit Plan
A separate plan for each scheme
Minimum guaranteed return of 0.5% p.a.
Yearly Bonus as per company’s performance
Earn easy returns
Little Champ Plan
Financial Protection
Customisable Policy
Guaranteed Payouts
Flexible Coverage Options
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Cost of Delay Calculator
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Human Life Value Calculator
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Paid-Up Calculator
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Annuity Calculator
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ULIP Calculator
Estimate potential returns on your ULIP investments over the policy term.
Compound Interest Calculator
Understand how your money grows over time with the power of compounding.
Future Wealth Creation Calculator
Plan your investments effectively to achieve your long-term wealth goals.
SIP Calculator
Calculate returns on your monthly SIP investments in just a few clicks.
Lumpsum Calculator
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Simple Interest Calculator
Find out the interest amount based on your principal, rate, and time using the simple interest method.
SSY Calculator
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Calculate the gratuity amount you may receive based on your tenure and salary.
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Calculate your take-home salary after deductions and allowances.
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Enjoy 0% GST on your policy premium. Get ₹1 Cr. Life Cover at just ₹22.5/day* + 10%^ Online Discount with IndiaFirst Life ELITE Term Plan (UIN 143N070V01). *^T&C Apply.
Know More
Tired of complicated insurance? We’ve made it effortless - Introducing IndiaFirst Life app-like tool Calculate, plan, and protect—all from your device. Your future is just a tap away.
Install now!
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Our smart salary calculator helps you estimate your net monthly in-hand salary showing you exactly what you’ll receive after deductions like tax, EPF, and special allowance.
A salary calculator is an online tool that can help employees and jobseekers determine their net take-home salary after taking into consideration all eligible deductions. By entering certain details, such as Cost to Company (CTC), bonuses, PF contributions, HRA, and other deductions, the salary calculator instantly calculates the in-hand salary. It is also known by the name take-home salary calculator or in-hand salary calculator. The tool helps to understand total monthly and annual deductions, net income, and also assists with financial planning and budgeting.
Your salary consists of multiple components; each component can affect your take-home pay differently. Before you calculate your salary using the take-home salary calculator, you should have a clear idea of what each component is.
Unless you know these elements, you may not be able to do effective financial planning. For example, you may be budgeting as per your net salary (CTC). But this may leave significant gaps as your take-home amount may be significantly lower. This can upset your planning.
Understanding these components is also important when it comes to calculating your tax liabilities. You may be thinking about how to save tax for salary above ₹20 lakhs. However, effective tax planning is best done when you know all the components. For example, you may not know how to save tax for salary above ₹20 lakhs, or which components are tax-exempt. But if you use an income tax calculator where you input details such as HRA, it may help you take better decisions in your tax planning.
How do Retirement Calculators work?
IndiaFirst Life offers an easy-to-use in-hand salary calculator.
A salary calculator is a useful tool that can help employees and job seekers understand their true earnings.
The main components of a regular salary structure will include:
Basic Salary
HRA
Leave Travel Allowance (LTA)
Special Allowances
Employer/Employee PF contributions (12% of basic salary)
Professional Tax (maximum ₹2,500 a year)
and Performance Bonuses.
There might be additional aspects depending on the role type and organisation.
Basic Salary = Gross Salary - Allowances (+ Bonuses)
The basic salary is around 35-50% of the CTC. For example, if CTC is ₹10L with 40% basic salary structure, your annual basic pay would be ₹4,00,000.
CTC is the total annual compensation package and includes salary, bonuses, PF, gratuity, and other benefits. It represents the employer's total spending on an employee before any deductions.
CTC is the total annual package. It includes the basic salary, benefits, employer PF, gratuity, and more. The take-home salary is the net amount credited to your bank after deducting TDS, EPF, professional tax, and any other similar deductions. For example, a ₹10L CTC may yield ₹70-75K monthly in-hand after ₹1.5L annual deductions. CTC includes non-cash components, such as insurance, while take-home salary reflects actual income that you can use as per your needs.
To get a clear idea of your take-home salary, you can use an in-hand salary calculator. Enter the deductions relevant to your salary structure and get estimates within seconds.
Basic salary typically ranges from 35% to 50% of your total CTC. The exact percentage depends on company policy and job role. It is a fixed component.
You can check your salary slip for detailed components.
The earnings section will include: Basic salary, HRA, Allowances, and Bonuses.
The deductions will include: PF (Employee + Employer), PT, and TDS.
Preferably, use a salary calculator by inputting your CTC and deductions to simulate the breakdown.
A salary calculator is a digital tool that computes your take-home pay by subtracting EPF, professional tax, bonuses, and other deductions from your CTC. It provides a clear breakdown of monthly/annual in-hand salary and helps compare job offers, plan finances, and optimise tax savings. It is also called an in-hand salary calculator or CTC calculator, as it allows you to get an overview of your CTC and its breakdown into various components.
To use the salary calculator, you need your Cost to Company (CTC), bonus amount, monthly deductions (professional tax, EPF contributions), and allowances (HRA, LTA). Some take-home salary calculators may also ask for other inputs. Make sure to have your salary slip handy to enter accurate inputs and get precise take-home salary calculations.
No, the CTC calculator usually does not factor in tax deductions. Some calculators may have an option to enter tax-deductible investments, along with other deductions, and may provide the results accordingly. An alternative option is to use a salary tax calculator, in order to get estimates with tax deductions in mind.
Yes. Most salary calculator tools from reliable sites will be updated with rules that will be in accordance with the latest financial year.
Some calculators may not allow you to switch between tax regimes. Most salary calculators will not consider tax deductions at all when calculating your in-hand salary. It is best to use another financial calculator, such as the income tax calculator, to get estimates of your non-taxable income, regardless of the regime.
Typically, it is a payment made by employers after an employee has completed more than five years of continuous service. It is calculated as: (15 × Last drawn salary × Years served)/26.
An employee receives gratuity in a lump-sum if they have completed five years in an organisation’s service. There could be certain exceptions (such as when the employee passes away, gets disabled or becomes ill) where the gratuity may be paid out even before the completion of five years.
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IRDAI Regd. No. 143 | CIN: U66010MH2008PLC183679Trade logo displayed above belongs to one of our promoters and shareholders, Bank of Baroda and are used by IndiaFirst Life Insurance Company Limited under License.
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