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 ?
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M.Peer Mohamed Sardhar
If your salary is Rs.25,000. The calculation is as follows.
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.
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.
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.
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