ravi7882 Started The Discussion: Hi Friends I want to know how to calculate the Basic Salary from CTC. Some of my friends has told me that "this is the reverse calculation of the salary" I am confused plz help me My company has Basic salary as 55%, HRA 40%, CCA Rs. 800/, Medical 1250/, & Spl Allowance the total of the above calculation is Gross Salary Company will pay apart from the salary is as follows 1. Employer Contribution towards the pf is Rs. 780/ 2. Group Medical Insurance Rs. 1000/ (appx) 3. Meals Coupan Rs. 1250/ Please send me the reply with example at the earliest. Thanks & Regards Ravi neha.bhardwaj  Member Since: Aug 2011
if annual CTC is given how we will distribute it to BASIC where 50% of the basic is given as HRA and the amount that is calculated as basic is also given as annual bonus My query is if an employee Annual CTC is 200000 how much would he be paid as basic medical and education Basic HOUSE RENT ALLOWANCE MEDICAL REIMBURSEMENT EDUCATION ALLOWANCE CONVEYANCE ALLOWANCE LEAVE TRAVEL ASSISTANCE PF ( EMPLOYER CONTRIBUTION) OTHER ALLOWANCE anshulavi  Member Since: Jul 2008
Hi My understanding of CTC is as under: The CTC is divided into two/three parts i.e. Base Pay, Choice Pay and in some companies PLI. Let us assume: CTC 100 Base Pay 40 Choice Pay 50 PLI 10. Now, the Base Pay includes Basic Pay, PF Contribution of Employer and Gratuity PF Contribution 12% of Basic Pay and Gratuity is 4.81% of Basic Pay. So the formula for calculation of Basic Pay would be Basic Pay = Base Pay/ 1.681 Choice Pay can be the amount which an employee have the option to decide from the given options. and, the PLI is Performance Linked Incentive which is payable at the end for the period, based on individual's performance. Thanks Pawan Found This Useful? +Vote Up This Page Via Google. Why Vote? User validation is extremely important for good content to prosper. Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.  Explore Topical Knowledge Areas Topic Categories >> basic salary basic pay pf contribution base pay LocationIndiaBangalore calculate basic Complete List Of Categories Interesting Relevant Discussions DISCUSSSION STATISTICS 5337 VIEWS 2 REPLIES 
