Cost to Company Calculator for Hiring in India

Looking to hire employees in India but unsure about the total cost? Our fully loaded cost calculator makes it easy for you to estimate your expenses.

Gross annual salary of employee
Employer provident fund contribution*
Employer Gratuity Contribution (15 days of Basic salary per year)**
Total Cost to Company (CTC)
Total cost

*The gross annual salary of employee mentioned above doesn’t include the Employer Provident fund contribution of INR 1800 per month. The employer will pay this amount in addition to the salary mentioned above. Indian employment law mandates a monthly contribution of INR 1800 from both the employee and the employer.

**For the first 4 years of employment, Wisemonk manages the Gratuity fund on its own, without any additional cost to the client. As per Law, after the completion of 4.6 years of service, the employee can request the Gratuity bonus (equal to ~12.02% of employee's fourth year salary) from Wisemonk. The employee gets a tax rebate from Government of India for this amount. At the completion of 4 years, Wisemonk will invoice the aforementioned amount to the client, to pay it to the employee as Gratuity Bonus.

***Check out our flexible pricing here.

Need other information?
Contact Us

What our customers say

Founders, Leaders and HR heads of fast growing startups across US, Europe, SEA and Oceania love our services

Testimonial from Krishna Ramachandran, Onform
Dan Sampson
Head of Engineering, Cobu

“I'm very Happy that I discovered Wisemonk”

They have been a pure pleasure to work with, and their attention to detail is impressive. They helped us understand their pricing model, find top-qualified individuals, interview them, and then onboard them. I gave them criteria for the type of people we sought, and they delivered. The individuals they were able to find have been some of the best engineers I have ever worked with. I recommend Wisemonk to anyone who is in need of staffing assistance.

Testimonial from Krishna Ramachandran, Onform
Krishna Ramachandran
Co-founder, Onform Inc.

“I highly recommend them”

Wisemonk helped us tap into the vibrant and top-notch Indian talent market and hire our first couple of founding engineers in record time. We've been able to accelerate our roadmap and deliver terrific value to our customers thanks to Wisemonk's efforts. They are easy to work with and very transparent about the process. I highly recommend them to any company looking for talent located in India.

Testimonial from Krishna Ramachandran, Onform
Gear Fisher
Co-founder, Startup (Boston)

“Process was professional & very smooth”

We've worked with Wisemonk to source developers in India and it's worked incredibly well for us. We are very pleased with the talent of the developers and the Wisemonk process was professional and very smooth. We highly recommend using Wisemonk for talent sourcing!

Start using the CRM platform of the future, today.

Frequently Asked Questions

What makes Wisemonk different from other Employer of Record services?

At Wisemonk, we go beyond just the basics of EOR. Our comprehensive platform not only ensures seamless onboarding but also addresses ancillary needs like equipment procurement, backed by our robust technology. Additionally, our commitment to transparency and value is unparalleled, ensuring that our clients always know where they stand.

Is there a minimum or maximum number of employees I can onboard using Wisemonk?

Wisemonk is designed to cater to businesses of all sizes. Whether you're looking to onboard a single employee in India or set up a team across multiple countries, we've got you covered.

What assurances does Wisemonk provide to ensure the safety and security of my company's data?

At Wisemonk, we understand the importance of data security, especially in the realm of international employment. Our platform is built with state-of-the-art encryption techniques, and we regularly undergo third-party security audits to ensure compliance with global cybersecurity standards. Furthermore, we have strict data access protocols in place, ensuring that only authorized personnel can access sensitive information. Our commitment to data privacy and security is unwavering, making sure you can trust us with your company's most valuable information.