A monthly income calculator tool is a tool that helps you calculate your monthly income based on your salary or wages. To use a monthly income calculator tool, you typically need to enter your monthly salary, any deductions or taxes, and any additional sources of income.
The tool will then calculate your gross income, which is your income before any deductions, and your net income, which is your income after all deductions.
The tool may also provide an estimate of your tax liability and other financial metrics, such as your debt-to-income ratio. Using a monthly income calculator tool can help you better understand your finances, plan your budget, and make informed financial decisions.