Kindly tell me whether my CTC is correct or not?

krishnasarathraj · #11 03-11-2009, 09:58 AM

Dear Sandee,

First you understand what is Gross and What is CTC?

Gross is your total earnings for particular month.
CTC is Cost to Company which includes employer contributions plus Gross salary.

From gross your contributions will be deducted, after deductions you will get your net take home.

Hope you understand.

dlghr89 · #12 03-11-2009, 10:27 AM

Dear Sandeep,

Kindly note the following.
1) CTC - Cost to Company includes any thing and everything that costs the employer for having kept you on roll. hence any expenses incurred regularly by your employer on you adds up to your CTC.
2) There is no rule that says the conveyance should not exceed Rs.800/- per month nor the the medical should not exceedRs.1250/- These are just the limits till which you have excemption under the IT act.
Kind regards

Dayanand L Guddin

vishalvi77 · #13 03-11-2009, 10:51 AM

Dear Sandeep
AS per my knowledge ur CTC Calculation is absolutly correct

your Gross salary is 12817
and ur deductions are 200+648 = 848 so very simply gross salary - deduction is ur net take home salary
thats why ur Net Salary is 11969/-

Bhakti

sandee1983 · #14 03-11-2009, 10:52 AM

Thanks All of you

Thanks
Sandee

binuvarghz · #15 03-11-2009, 11:02 AM

Hi Sandeep, Ur CTC cal is correct becz some employer they will add their contribution to PF & Insurance to ur CTC and deduct it from u. Infact there is no benafit for u but for a calculation purpose they r doin it. deduct employer contri to PF & Insurance then u will get 11969...

but thr r mismatch in the following..

Conveyance Allowance 1080
Medical Allowance 1350

just clarify with ur company

mahendrabitta · #16 03-11-2009, 11:04 AM

Hi Sandeep.

PFA Xl sheet and Salary break up doc.

Here i changed your posting CTC.Xlsheet pls go through that changes and we have to follow some procedures as per Labour laws/Statutory laws.

It is helpful for u.

Regards
Mahendra
ExecutiveHR

ndmsrv · #17 03-11-2009, 12:33 PM

The net take home which you have mentioned is right, as the employer's contribution is also to be deducted as its a part of your CTC & nothing separate as such....

agarwalmahima · #18 03-11-2009, 12:53 PM

Employer side pf deduction is missing from the deductions part and it should be part of salary components.

Pradipta Kumar Samal · #19 03-11-2009, 01:17 PM

12652- 648 (your contibution for PF will be deducted from your salary-35 (Insurance, deduced from your salary)=11969.

Pradipta

AsitArora · #20 03-11-2009, 01:23 PM

Dear

My suggestion : Keep your CTC etc confidential
In most organizations you will be called to explain your action

Cheers