I want to know how to calculate the Basic Salary from CTC.
Some of my friends has told me that "this is the reverse calculation of the salary"
I am confused plz help me
My company has Basic salary as 55%, HRA 40%, CCA Rs. 800/-, Medical 1250/-, & Spl Allowance the total of the above calculation is Gross Salary
Company will pay apart from the salary is as follows
1. Employer Contribution towards the pf is Rs. 780/-
2. Group Medical Insurance Rs. 1000/- (appx)
3. Meals Coupan Rs. 1250/-
Please send me the reply with example at the earliest.
Thanks & Regards
18th October 2008 From India, Bangalore
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