Take Home Salary Formula

Equation for calculate take home salary is,

Yearly Take Home Salary = ( c - ( b × 12 ×0.12 ) - ( b × 12 × 0.0481 ) ) - (b × r) / 100 - ( b × 12 ×0.12 ) - p
Monthly Take Home Salary = Yearly Take Home Salary/12

Where,
c = Yearly Cost to Company
b = Monthly Basic Salary
p = Professional Tax
r=tax rate