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Employee cost calculator

Hiring in India? The Employee Cost Calculator provides accurate expense estimates.
Employee Cost Calculator
Hint Text
Full Cost Breakdown
Amount you pay
Gross annual salary of employee
0
INR
Employer PF contribution1
0
INR
Health Insurance Cost
0
INR
Life Insurance Cost
0
INR
Wisemonk Fee
Approximate fee charged by us (Wisemonk) to manage payroll, benefits, and compliance.
0
INR
Total Annual Cost
0
INR
Amount employee gets
Gross Monthly Salary
0
INR
Deductions
0
INR
Net Monthly Pay
0
INR
Additional Employer Provisions
Earned Leave Encashment2
0
INR
Employer Gratuity Contribution3
0
INR
Total Provision Cost
0
INR

Key Considerations:

  1. Indian employment law mandates a monthly contribution of INR 1800 from both the employee and the employer.
  2. Earned leave, if unavailed, can be encashed by employees upon exit after at least 1 year of service.
  3. Gratuity payment is due upon completion of continuous 4.6 years of service with a company.
  4. Employees can choose to contribute upto INR 14,116 per month to their flexible benefit plan (includes meal, fuel and other wallets)
  5. Employee can customize Flexible Benefits and NPS upon joining.