Kindly tell me whether my CTC is correct or not?

naddin0809 · #21 03-11-2009, 01:59 PM

Dear friends
Can i get Statistical process control materials (in any type

df,ppt,msword)

windinlove.singh · #22 03-11-2009, 02:04 PM

Well

I have added my format...please fill in the amount and u can find out wats wrong...??
and all the formulas are in the sheet so please dont change anything...just fill in ur details...

Thanks & Regards

neemahari · #23 03-11-2009, 02:30 PM

I am also have the same opinion as Mr.Pawan said.

Gross salary - Total Deductions = Take home salary.

thanks,

veesnair · #24 03-11-2009, 02:31 PM

IN CTC, the PF contribution of employer and employ will be included.

VEESNAIR

Quote:

Originally Posted by hrstuff4me

Kunal,

When u r talking about CTC, means all the cost which is contributed by employer towards your compansation and benifits will included in the CTC.

means, PF contribution from employer and employee coming from your CTC amount, that also includes any insurance or medical benifits which is been provided to you by your employer will also comes from your CTC amount.

In your sheet, everything is correct, you just need to check for your someone on your convenence allownes and medical.

Thanks,
Ronak Purohit

K.Veeramani · #25 03-11-2009, 02:36 PM

Dear Sandeep,

The calculation given in your CTC is correct. CTC is nothing but all type of costs involved in giving the reimbursement to you. That means in your case , they are
a) PF Contribution of company & yours(Because both are paid by company only) = 648+648=1296
b) Insurance=35
c) Professional tax=200
Total=Rs.1531
Now deduct this amount from your CTC= 13500-1531= Rs.11969, which is paid by your company...Hence it is right..Hope you are clear..

Thanks
Veeramani

muktaS · #26 03-11-2009, 03:46 PM

Hi,

Nothing is wrong with your CTC just consider ur gross salary i.e. 12187 and substract the deductions , you will get the take home salary of Rs.11969/-.CTC does includes any contribution made by employer and in your case it is added as benefit which is ofcourse is cost on employer and hence can be included in ur CTC.

shijit · #27 03-11-2009, 04:15 PM

Hi,
CTC is total cost to company. In your case 13,500.
Gross is after deducting employer share. 12,817 = (13,500-648+35)
Net is what remaining after deducting employer's and employee's contribution. 11969 = 13,500 - (648+35)+(648+200)

I think the calculation is right.
shijit.

Quote:

Originally Posted by sandee1983

Attachment 66484

Dear seniors,
Kindly tell me whether my CTC is correct or not.
Thanks
Sandeep.
9272991664

mahenderalic84 · #28 03-11-2009, 04:43 PM

hai sir
this is mahender
my employee ctc 420000/-pa how to give his pay slip pm (Basic, Da, HRA, Conveyance, Medical Allowance, LTA & other Allowance Heads in Paly Slip)

mahenderalic84 · #29 03-11-2009, 04:45 PM

Hai sir
this is Mahender I Have Complited My Mcom
Now iam Joined HR Associted and Accounts,
what about HR Activities in HR Department

bharathgmhr · #30 03-11-2009, 10:56 PM

There is nothing wrong with it
Employers include their contribution to PF in CTC ur gross in 12.7k
648 is their contribution, ur contribution of 648 is deducted from 12.7 not from 13.5k
and the tax as well
u can get in touch with me thru mail at

I can explain it to u in detail