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Avinash B
Hi , Can anyone help me in designing an CTC ( just Basic Figure) And also pls share the excel sheet in 2003 version. Regards, Avinash
From India, Bangalore
ashvan.2927@gmail.com
175

Hello Avinash,
Please share atlist your thoughts so i can help you for the same.
* Share your establishment covered under factory act or Shop & Establishment act
* Share whether your company member of EPF,ESI,PT
* Share your company wants structure based on CTC OR Gross
* Share if CTC based structure than how many deduction your employer wants
* Share EPF deductions on 780 limit or 12% basic head
* Share Your company wants to follow Minimum wage act of respective states or not
Thanking you,
Regards,
Ashish

From India, Pune
Avinash B
Hi Ashish,
Thanks for your reply.
I belongs to a side were its completely statutory based things and i also want to improve my knowledge in Payroll which include CTC designing, some payroll related calculations, etc etc etc.
So i request you explain me with any basic figures so that i can understand it in an easier way.
Regards,
Avinash

From India, Bangalore
Arunjain.ncl
146

Dear Avinash.
To arrive to CTC, the basic components are : Pay & Allowances, Perks, Welfare amenities, Terminal benefits. BASIC pay is fixed for each level/grade, DA is based on % of Basic, other allowances are also defined which form part of Pay.
1. Perks % vary from industry to industry, Org. to Org. from 25% of Basic to 45.5 % of Basic at the maximum.
2. Welfare amenities include cost on free housing, water, electricity (free or subsidized), conveyance, LTC, Medical facilities, Leave with pay, etc.
3. Terminal benefits include - provision for Gratuity, Employer contribution on PF deduction, Pension or any other provision in the event of exit of an employee from the Organization / estb. by way of superannuation or resignation or termination of services on grounds other than moral turpitude/misconduct. Etc.
Taking into consideration all the above factors, you can arrive at CTC.
Best Wishes,
AK Jain
HR Personnel
NCL, CIL

From India, Jabalpur
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