Re: Difference between CTC and Gross
In this, I am having a doubt in the Payroll process. Please clarify. An employee receives a salary of Rs. 10,000 per month (Basic 4000, DA 1500, HRA 1200, Perks 1300, Med Allo 1000, Other Allo 1000). The normal working days are 26 per month. If the employee's working days are 10, we can calculate (10000/26)*10 (assuming no Leave Benefits or other Benefits), correct?
My question is, how do we break up the salary for these 10 days? How do we deduct the LOP amount from the mentioned heads? How much should we take for PF? Can someone clarify, please?
Regards,
Sukumar
9842023923
From India, New Delhi
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2In this, I am having a doubt in the Payroll process. Please clarify. An employee receives a salary of Rs. 10,000 per month (Basic 4000, DA 1500, HRA 1200, Perks 1300, Med Allo 1000, Other Allo 1000). The normal working days are 26 per month. If the employee's working days are 10, we can calculate (10000/26)*10 (assuming no Leave Benefits or other Benefits), correct?
My question is, how do we break up the salary for these 10 days? How do we deduct the LOP amount from the mentioned heads? How much should we take for PF? Can someone clarify, please?
Regards,
Sukumar
9842023923
From India, New Delhi
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GROSS SALARY&CTC FOR 15500.xls
Employee Benefits.doc