Take Home Pay Calculator - How much NET salary you will get in hand


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adamthorat   
Member since: Aug 11
Posts: 1041
Location:

Post ID: #PID Posted on: 05-09-15 21:03:16

Very good take home pay calculator below. See - LINK below.

http://www.ees-financial.com/calculators/TakeHomePayCalculator.htm

It will show you how much you will get in hand ( Net Pay ), after all the deductions from your Gross Pay :) . It varies from province to province, so choose the right province.

http://www.ees-financial.com/calculators/TakeHomePayCalculator.htm
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General Pay Check In Canada :

1. Usually you get a Bi-Weekly pay cheque in Canada by Direct Deposit. India usually its monthly:(

Say every Wed,Thu or Fri or something like that every 2 weeks, always on the same day Wed,Thu or Fri or whatever the day maybe.
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2. Generally there are 3 major deductions from your Bi-Weekly Pay cheque :

A. Income Tax - IT - ( Both Federal & Provincial ) .

B. 4.95 % CPP - Canada Pension Plan similar to Provident Fund In India.

C. 1.9 % EI - Employment Insurance. ( You get laid off, EI will give you something IF you qualify )
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3. Medical Benefits like Prescription Drugs , Dental services, Eye Care etc are NOT covered by the Free healthcare in Canada. So some employer's provide these benefits ( NOT all ) and generally only for Full Time employees and not for Part Time employees.

You have to pay a part of it & employer pays the remaining. So if you take these benefits, you will also see a DEDUCTION for that in addition to IT, CPP & EI :(. They are usually NOT mandatory and you can OPT out of them or cancel them later on if you want. But most people take them, as your spouse & kids are also covered in most cases under them :)
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Usually you get some of the Income taxes back, when you file your IT return, depending on your household income income, family size, marital status etc.



adamthorat   
Member since: Aug 11
Posts: 1041
Location:

Post ID: #PID Posted on: 05-09-15 21:05:51

The common question in India is " Haath Mein Kitnaa Aayegaa " , " Sab Kat-Kutkey Haath Mein Kitna Ayegaa ? "
" Kitnaa Dete Hain "

Well the above calculator will tell you " Haath Mein Kitnaa Aayegaa " in Canada :clap: :clap:





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