Isn't it strange that this thread is having 29 viewers but 0 answer.What happened friends is this question is too difficult to handle OR you all think that the level of this question is not at that point that one can respond for it.
Anyways thanks for your time to view this thread.
please help me out because i am in need of ajob.
here is my mail id :
The components of a CTC varies from organization to organization. The most general format is attached herewith for your reference. This will give you an overview of how a salary is prepared.
Advisory Note : Don't panic so much, you have to have patience in receiving replies to your queries.
Salary differs from company to company and state to state. For example if you are in one particular state there may be some specific percentage of deductions in terms of taxes and same time there may be some specific minimum salary for that particular sector in that state.
The basic components of any salary are as follows;
Total CTC ( Cost to company) which includes;
1) Basic Salary
2) HRA 30 -40 % of basic salary
3) Allowances ( Allowance could be of many types like travelling, leaves, food,
education, medical ,special etc) Again it differs from company to company.
4) Fixed Incentives ( if any)
Out of Total CTC, deductions may be as follows;
1) PF from employees contribution
Total CTC = Gross Salary
Total CTC - Deduction= Net Salary