SALARY CTC BREAKUP

Dear sir.

It is very nice to be a member in this site,IAm very happy about it .recently i have given a good offer in an multinational company with a CTC RS 35000.It is purely a Global operating organisation and a Mechanical based company.

They Have mentioned Breakup of the salary will be discussed along with you and mutually agreed and the same will be formally communnicated to u on joining the organisation. NOW Iam totally confused with this issue.Please give me the Best SALARY CTC BREAKUP components that suits mechanical based organisation.

Thanking You,

Regards
ANANTHARAMAN

Hi
ANANTHARAMAN
The best possible breakup can be
Basic 17500
HRA 10500
Conveyance 800
Medical Allowance 1250
Other Allowances 1950
Telephone Allowance 3000
Less Professional Tax-200

Your Take home would be 34800 if company doesnt have have private deduction fund


Regards
Ank

Dear Ananth..

You may even opt this one also..

Salary Head Amount
Basic 14000
HRA 8400
CCA 800
Other Allowance 3550
Gross Per Month 26750
Books & Periodicals 1500
Medical Reimbursement 1250
Petrol reimbursement 2500
Mobile Reimbursement 3000
Total Gross Per Month 35000

Hope it will work with you..

Regards,

Amit Seth.

Hey please tell me how to calculate salary breakup?

Any particular formula or procedure for this?

Hi,

The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.


Basic
HRA
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy

EX-Gratia/Bonus = A fixed amount as Bonus

Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia

Annual Total Cost = AFGC + PF+ESIC

Annual total cost is also called as CTC.

Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.

Hope it must have helped you to clear your queries up to some extent.


Regards,

Amit Seth.

For More on that, Pls Click the following links,

http://www.citehr.com/download-list....Salary+Breakup

Regards

M.Peer Mohamed Sardhar
093831 93832

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Hi Amit,

Thanks a lot lot for this explanation & it is useful.

Only thing is I did not understand what is mean by ESI?


Regards,
Isha.

Employee State Insurance


Regards
Ank

Welcome Isha.. its all mine pleasure that it helped you..

ESI is an Act, and it provides medical benefits as well as other benefits to the covered employees.

ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-

Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees

Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.

Regards,

Amit Seth.