Pon1965
Construction
Karnarun
Service
[email protected]
Labour Laws, Trg & Development, Pms
+2 Others

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I am at present working in Bahrain (GCC) and I am having an offer from India for Rs 1,00,000 pm CTC + vehicle with driver + mobile etc + Rs.3,00,000 PA as performance incentive on achieving the target. It would be quarter wise but not carried forward, i,e in case the target is not achieved in a quarter it lapses. And for my wife they had offered Rs 45,000 p.m. We would be staying in our own house near the place where this company is located. We have no housing loan pending. This company is into engineering manufacturing.

Since, we are not in touch with the latest IT regulations, it would be of very much help if you can suggest us salary break-up for the a.m CTCs with minimum possible IT. They have not given us the break-up & it is to be mutually agreed upon.

From Bahrain, Manama
Decide 40% as basic & 60% other allowances.
HRA- 50% of basic in case of metros or 40% in non-metros
Medical - 1250/- p.m
Children Edu allowance - 100/- per child p.m
Conveance allowance - 800/ p.m
Food coupons - 1350 p.m

From India, Lucknow
Sir, I am a fresher and i calculated this for the first time. Please go through and tell me your comments / corrections. pls
From India, Hyderabad
Dear Chaitanya, please don’t mention Bonus amount from employee salary/CTC. Regards Charvaka Reddy
From India, Hyderabad
Dear Sir ( charvaka) can u please correct the mistakes and attach back to me so that i will learn how to do that.please sir
From India, Hyderabad
Hi, You can gom like : Basic 35-40% of CTC HRA - max 50% of Basic Spl Allo : 8-12% of CTC Hence Gross will be : approx 65-75 % Rest can be on reimbursement basic to reduce the tax liability
From India, Delhi
Dear Friend, Kindly remove ESIC from the CTC as the salary is more than Rs.15,000/- per month. regards, satishkumar
From India, Mumbai
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