CALCULATION OF COST TO THE COMPANY (CTC) - take home salary
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CALCULATION OF COST TO THE COMPANY (CTC)

compsmart_gs Started The Discussion:

HOW TO CALCULATE THE COST TO COMPANY ? IF THE COMPANY SAYS RS. 25000/- CTC WHT DOES THIS MEAN ? HOW MUCH CASH IN HAND TO BE CALCULATED FOR THE ABOVE STATED SALARY ?

M.Peer Mohamed Sardhar - Senior Member
Dear Friend,

Kindly click on the following link, it will give you some required information,

http://www.citehr.com/search_new.php?q=CTC&submit=Go

http://www.citehr.com/download-list....=CTC&submit=Go

Pls let me know was this information useful,,

If not let me try out more & give information,,,,

In CiteHR you will get A to Z information on HRů..

Regards

M.Peer Mohamed Sardhar
093831 93832

gayathri.rajan - Contributing Member
Dear Friend,

If your salary is Rs.25,000. The calculation is as follows.

ctc-25k
Basic - ctc 30%(basic value is 30%)
hra - 40% from basic
special allowance and conveyance dependence on the organization.
Employee - pf 12% from basic
ESIC - 1.75 from gross earning
Professional tax as per law.
Income tax.
GROSS EARNING - PF - ESIC - PT= NETPAY(TAKE HOME)
deduct all those you will get the net pay this is ur take home salary.

If u come to know any additional information kindly, let me know.

Regards
gayathri.R

In my openion,CTC depends on company policy i.e,what they include in ctc. Employer contribution In PF, LTA, Lunch allowance etc,We should have clear tha what they covers in CTC, mostly company covers PF in CTC.


Quote:
Originally Posted by compsmart_gs
HOW TO CALCULATE THE COST TO COMPANY ? IF THE COMPANY SAYS RS. 25000/- CTC WHT DOES THIS MEAN ? HOW MUCH CASH IN HAND TO BE CALCULATED FOR THE ABOVE STATED SALARY ?

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