the below is simple calculation of CTC
Gross (Basic + HRA + SPL ALLoW + CONV + ETC )
Employer Contributions (PF @ 13.61%, ESI @ 4.75% of less than 10000 gross, insurance if aplicable)
Net Take Home = Gross - less total deduction ie pf, esi, pt
also find the simple format of salary calculation for your ref
16th October 2007 From India, Mumbai
17th October 2007 From India, New Delhi
. Please inform me to my id
2nd September 2009 From India, Baleshwar
CTC i.e. cost to compnay is actually very relative term. My experience says that different companies have taken it and explained in different ways. But in general it means cost beared by the company for the benefit of the employees. Other than Gross Salary it includes....
1) PF employer contribution
2) ESIC Employer Contribution
6) Mediclaim Premium
7) Any other insurance premium paid for emplyee
8) Fringe Benefits like house, car, moible, etc (their rent or charges)
9) Any conveyance for personal use if reimbursed
As it is very broad term and does not have have any legal or any sort of definition for it, can be interpretted in many ways.
Hope this gives you some idea.
6th November 2009 From India, Vadodara
Am new to the HR department and i want to know how to calculate the gross salary. If my gross salary is Rs.25000/- then what is the salary break up and also want know what is the minimum amount has to be paid for Basic Salary and the maximum amount. Is any rules there for calculate this?
20th July 2010 From India, Madras