CTC Calculation

hi all,

Kindly advise me on the CTC calculation.


Thanks & Regards,
Pooja

Hi Pooja,
Kindly go through the Salary breakup given below, you would get some idea about CTC Calculation. You can further change it according to your salary structure and parks.
Regards,
Pushpendra Soni...

STEP 1

I’m Sending the Pay structure per month.

S.No EARNINGS
1 Basic 50% of Gross
2 HRA 40% of Basic "If Gross<=3000 then 30%"
3 C.A. 40% of Basic
4 Medical Basic/12
5 Educational SALARY RANGE AMOUNT
UPTO GROSS SALARY 3000/- TO 15000/- 200/-
UPTO GROSS SALARY 15000/- TO 18000/- 500/-
UPTO GROSS SALARY 18000/- TO 30000/- 1000/-
UPTO GROSS SALARY 30000/- 1500/-
6 S.P.A. Basic+HRA+C.A.+Medical+Educ. - Gross

DEDUCTIONS

1 P.F. 12% on Basic

2 E.S.I. 1.75% on Gross, If Gross <=7500

3 P.Tax Salary up to 2001 Rs. 16.00
Salary up to 3001 Rs. 25.00
Salary up to 4001 Rs. 35.00
Salary up to 5001 Rs. 45.00
Salary up to 6001 Rs. 60.00
Salary up to 10001 Rs. 80.00
Salary up to 15001 Rs. 100.00
Salary up to 20001 Rs. 150.00
Salary above 20001 Rs. 200.00



Steps 2

Payroll is divided in two parts viz

Monthly payroll which includes the following

* Basic salary
* HRA
* Conveyance
* Special allowance

Annual payroll

* Medical Reimbursement
* LTA
* Meal Vouchers


In payroll on monthly basis - monthly break up is paid and is subject to the following deductions viz:-

Monthly payroll
minus -
Provident Fund which is 12% of basic salary
Profesional Tax
Income Tax -
Other deductions - which can be loan or advance etc.

Net take home - Rs ....

hai friend,,

ur method to calculate CTC is very useful,,,

thanks a lot,,

bye,,

K.Murugan

Hi Pushpendra,

Thanks a lot for the information it is very much useful.


Regards,
Pooja

Soni,
Thanx for this valuable information in respect of salary break up.

[Biswajit Pani]
e-mail ID :

Hi Pushpendra,

That’s really nice of you to share such useful information and it is really helpful.

Thanks a lot

regards,

Sumeish

Mr.Pushpendra,
Great of you to share the information. It was very useful.

could someone please send me the consumer price index ( CPI ) of 2 cities
(i) gurgoan
(ii) indore
AS I HAVE TO SOLVE A VERY IMPORTANT CLIENT QUERY ASAP

Hi
I have a question regarding pay roll

if basic+ Da+ HRA + Other allowances + Employer PF contribution+ Employer ESI contribution taken in to account and in deductions part both employee and employer share shown seperatly is it wrong as per statutory norms
Kindly advice

My mai: