Hi, please let me know if someone has a CTC of 15,000/-, how should the salary breakdown be structured considering the components below if the company offers:
Salary Components
- Basic:
- HRA:
- Conveyance:
- ESIC:
- Bonus: 417 (by default)
- PT: 200
What will be the take-home pay? Kindly provide the details for a CTC of 9,000/-.
CTC Calculation Confirmation
Additionally, I would like to confirm if the below calculation is accurate for a CTC of 7,800/- per month:
Employee Earnings: MONTHLY
- Basic: 5,516
- House Rent Allowance: 900
- Conveyance Allowance: 0
- Special Allowance: 0
- Medical Reimbursement: 0
- Conveyance Reimbursement: 0
- Total Gross Earnings {A}: 6,416
Employer Contribution
- Employees Provident Fund (12%): 662
- Employer ESIC (4.75%): 305
- Bonus: 417
- Total Employer Deductions: 1,384
Cost to Company: 7,800
Less Employee Deductions
- Employer Provident Fund (12%): 662
- Employees ESIC (1.75%): 112
- Professional Tax: 175
- Total Employee Deductions {C}: 949
- Total Net Earnings {A-C}: 5,467
- Basic:
- HRA:
- Conveyance:
- ESIC:
- PF:
- Bonus: 417 (by default)
- PT: 200
Regards.
From India, Mumbai
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Salary Components
- Basic:
- HRA:
- Conveyance:
- ESIC:
- Bonus: 417 (by default)
- PT: 200
What will be the take-home pay? Kindly provide the details for a CTC of 9,000/-.
CTC Calculation Confirmation
Additionally, I would like to confirm if the below calculation is accurate for a CTC of 7,800/- per month:
Employee Earnings: MONTHLY
- Basic: 5,516
- House Rent Allowance: 900
- Conveyance Allowance: 0
- Special Allowance: 0
- Medical Reimbursement: 0
- Conveyance Reimbursement: 0
- Total Gross Earnings {A}: 6,416
Employer Contribution
- Employees Provident Fund (12%): 662
- Employer ESIC (4.75%): 305
- Bonus: 417
- Total Employer Deductions: 1,384
Cost to Company: 7,800
Less Employee Deductions
- Employer Provident Fund (12%): 662
- Employees ESIC (1.75%): 112
- Professional Tax: 175
- Total Employee Deductions {C}: 949
- Total Net Earnings {A-C}: 5,467
- Basic:
- HRA:
- Conveyance:
- ESIC:
- PF:
- Bonus: 417 (by default)
- PT: 200
Regards.
From India, Mumbai
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I also wanted to add on if I calculate the CTC as per the given format, is it correct? For example:
Cost to Company (CTC) Calculation
CTC: ₹7800 per month
Employee Earnings:
- **Monthly**
- Basic: ₹5516
- House Rent Allowance: ₹900
- Conveyance Allowance: ₹0
- Special Allowance: ₹0
- Medical Reimbursement: ₹0
- Conveyance Reimbursement: ₹0
- Total Gross Earnings {A}: ₹6416
- **Yearly**
- Basic: ₹66192
- House Rent Allowance: ₹10800
- Conveyance Allowance: ₹0
- Special Allowance: ₹0
- Medical Reimbursement: ₹0
- Conveyance Reimbursement: ₹0
- Total Gross Earnings {A}: ₹76992
Employer Contribution:
- Employees Provident Fund: ₹662
- Employer ESIC (4.75%): ₹305
- Bonus: ₹417
- Total Employer Deductions: ₹1384
Cost to Company: ₹7800 per month / ₹93596 per year
Less Employee Deductions:
- Employer Provident Fund: ₹662
- Employees ESIC (1.75%): ₹112
- Professional Tax: ₹175
- Total Employee Deductions {C}: ₹949
Total Net Earnings {A-C}:
- Monthly: ₹5467
- Yearly: ₹65602
Please let me know if you need any further assistance.
From India, Mumbai
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Cost to Company (CTC) Calculation
CTC: ₹7800 per month
Employee Earnings:
- **Monthly**
- Basic: ₹5516
- House Rent Allowance: ₹900
- Conveyance Allowance: ₹0
- Special Allowance: ₹0
- Medical Reimbursement: ₹0
- Conveyance Reimbursement: ₹0
- Total Gross Earnings {A}: ₹6416
- **Yearly**
- Basic: ₹66192
- House Rent Allowance: ₹10800
- Conveyance Allowance: ₹0
- Special Allowance: ₹0
- Medical Reimbursement: ₹0
- Conveyance Reimbursement: ₹0
- Total Gross Earnings {A}: ₹76992
Employer Contribution:
- Employees Provident Fund: ₹662
- Employer ESIC (4.75%): ₹305
- Bonus: ₹417
- Total Employer Deductions: ₹1384
Cost to Company: ₹7800 per month / ₹93596 per year
Less Employee Deductions:
- Employer Provident Fund: ₹662
- Employees ESIC (1.75%): ₹112
- Professional Tax: ₹175
- Total Employee Deductions {C}: ₹949
Total Net Earnings {A-C}:
- Monthly: ₹5467
- Yearly: ₹65602
Please let me know if you need any further assistance.
From India, Mumbai
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Also, I want to add that if the CTC is 7800/- per month, then is the below calculation correct?
Employee Earnings: MONTHLY
- Basic: 5516
- House Rent Allowance: 900
- Conveyance Allowance: 0
- Special Allowance: 0
- Medical Reimbursement: 0
- Conveyance Reimbursement: 0
- Total Gross Earnings {A}: 6416
Employer Contribution:
- Employees Provident Fund (12%): 662
- Employer ESIC (4.75%): 305
- Bonus: 417
- Total Employer Deductions: 1384
Cost to Company: 7800
Less Employee Deductions:
- Employer Provident Fund (12%): 662
- Employees ESIC (1.75%): 112
- Professional Tax: 175
- Total Employee Deductions {C}: 949
- Total Net Earnings {A-C}: 5467
From India, Mumbai
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Employee Earnings: MONTHLY
- Basic: 5516
- House Rent Allowance: 900
- Conveyance Allowance: 0
- Special Allowance: 0
- Medical Reimbursement: 0
- Conveyance Reimbursement: 0
- Total Gross Earnings {A}: 6416
Employer Contribution:
- Employees Provident Fund (12%): 662
- Employer ESIC (4.75%): 305
- Bonus: 417
- Total Employer Deductions: 1384
Cost to Company: 7800
Less Employee Deductions:
- Employer Provident Fund (12%): 662
- Employees ESIC (1.75%): 112
- Professional Tax: 175
- Total Employee Deductions {C}: 949
- Total Net Earnings {A-C}: 5467
From India, Mumbai
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CTC SALARY SLIP FORM.xls
Salary & Compensation Guidelines.zip