Surabhiisgr8
Human Resource
Karuna.kerni
Hr-executive
+3 Others

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Hi,
My concern is related to salary calculation.Can someone please help me out with salary calculation formula,incentive as well as reimbursement calculation.
It will be helpful for me if every senior will elaborate above required calculations with an example.

Goodday,
Karuna Kerni
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Hi Friends,
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.
Goodday,
Karuna Kerni
hi friends i am viswanath here and i am new to recruiting can some body help out in this and as well as salary caliculations of the organisations. how to caliculate the salary and what are the percentages.
please help me out because i am in need of ajob.
here is my mail id :
Hi Karuna,
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.
Regards,
Surabhi

Attached Files
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File Type: xls CTC Calculation.xls (22.0 KB, 4169 views)

Hi Karuna,
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)
5) PF
6) LTA
7) Others
Out of Total CTC, deductions may be as follows;
1) PF from employees contribution
2) Loans
3) Taxes
4) Others
Total CTC = Gross Salary
Total CTC - Deduction= Net Salary
Regards,
Sree Kumar
UAE
Hi surabhiisgr8, I have check your attachment and it is quite good. I think that is the best answer of all. Good work. Keep it up.
You send me ur pay slip n i will let u know how ur salary has been calculated. there is hardly anything to it and it is peculiar to each organisation.
Total CST is Rs.350000/- bifurcate it but not cover in pf
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