Knowing how your salary breaks down across different time periods helps you budget effectively and compare job offers. Converting between hourly, weekly, and annual figures gives you a clearer picture of your total compensation.
Gross pay is your total earnings before any deductions. Net pay is what you actually receive after taxes, insurance, and other deductions. The difference can be substantial depending on your tax bracket and benefits.
Divide your annual salary by 2,080 (52 weeks × 40 hours) to get your hourly rate. For example, a ₹6,00,000 annual salary equals approximately ₹288 per hour.
When comparing job offers, always consider the complete compensation package — bonuses, benefits, and allowances — not just the base salary figure.