Fully Loaded Cost 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.

Enter Gross Annual Salary Of An EOR India Employee
Calculate
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Fully Loaded Cost
Gross annual salary of employee
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INR
Employer provident fund contribution*
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INR
Employer Gratuity Contribution (15 days of Basic salary per year)**
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INR
Total Cost to Company (CTC)
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INR
Wisemonk's fee***
Approximate fee charged by us (Wisemonk) to manage payroll, benefits, and compliance.
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Total cost
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INR
Tentative Monthly Salary Slip
Basic Salary
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INR
House Rent Allowance
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INR
Leave Travel Allowance
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Special Allowance
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Flexible Benefits Allowance
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Employer Provident Fund
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Gross Monthly Salary
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Professional Tax
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Employer Provident Fund
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Flexible Benefits
Employees can choose to contribute upto INR 14,116 per month to their flexible benefit plan (includes meal, fuel and other wallets)
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INR
Income Tax
This is an estimation based on the new tax regime. Actual tax may vary based on employee preferences
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Employee Provident Fund
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Deductions
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Net Monthly Payout
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*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.

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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.