Anil.arora
Administration & Liaisoning Head
Pragnaa HR Compliance Services
Pragnaa Shree Venture India Pvt. Ltd
Latha_jagadeesan
Hr Executive

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Hi all
Presently working as a HR Executive playing roles in Recruitment, joining formalities & Exit formalities.But i couldn\'t identify the structure of salary part. According to our organization we splited into Basic 35% & HRA 60%. Please clarify my doubts. In this category how we are calculating gross.

From India, Chennai
Hi,
I hope, you are aware that CTC (cost to the company) is inclusive of PF / Gratuity / other contributions from employer side. If you want to find out the Gross salary, just deduct these components from the CTC.
Whatever the % of Basic / HRA and other components, just deduct only the Employer contributions from the CTC, you will get the Gross amount.

From India, Chennai
Please find the components and according to that how i need to calculate gross. Please find the attachment and explain me.
From India, Chennai

Attached Files
File Type: doc Current Salary Structure.doc (21.0 KB, 1395 views)

Guys please look at the side bar of the page for the related material and also can go to reSEARCH where you can get everything whatever you want in a single click for search..
From India, Gurgaon
Dear All, It is very clear in the attachment... what else your doubt...please point out...
From India, Chennai
yes it is very clear. My question is we know the ctc part but how to calculate gross. PF and other components will be deducted from the ctc & we are getting gross am i correct? Ok fine then what is the procedure to calculate PF from the Basic . From the ctc we are not calculating Basic . If we know gross we will get it Basic & PF.Everything interrelated please check it and clarify my doubts.
From India, Chennai
Hi,
As per my understanding, your questing is, how to calculate rest of the components by knowing only the CTC? Is it right?
If your answer is YES, please go through the attachment and the require details are given very clear to understand.
Please do write to us in case to clarify anything on this....
E-Mail ID:

From India, Chennai

Attached Files
File Type: xls CTC details.xls (30.0 KB, 1397 views)

See if we know the basic only we can calculate the PF and other components.Other components are PF and mediclaim etc
PF= Basic*12%
Basic= Gross*35%
Both are correlated .
wherever if i figure out also how to calculate gross?
Please once again go through the attachment and let me know.

From India, Chennai
But in this attachment we processed through gross not with ctc. Please confirm and tell me.
From India, Chennai

Attached Files
File Type: doc Current Salary Structure.doc (21.0 KB, 509 views)

Hi,
As per my understanding, Basic % is calculated based on the CTC only. It is not 35% of Gross, it is 33% of CTC. You just, try to find out the breakup for some other employee, by using this method...

From India, Chennai

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™