Basic salry 300000.00
HR Allownance 150000.00
EPF @ 13.16% restricted to 21000/- pm, Management contribution 252000.00
Take home 217200.00
LTA One month basic 25000.00
Graiuity @ 4.81% 14430.00
Cost to the Management per annum 775630.00
Based on your example the CTC would be Rs.775630.00 per annum.
Out of which the fixed cost is Rs.469200.00 per annum
The Variable cost is based on the increase / decrease in Basic Rs.54430.00 per annum
I hope i have clarified your quarry!
24th January 2018 From India, Madras
R R Kapoor
26th January 2018 From India, Vadodara
#AnonymousThanks for the explanation Mr.Babu Alexander. But what is the special allowance amount.
See first need to find the Gratuity then PF then ESI after that only know the special allowance. Please help reverse calculation.
17th May 2018 From India, Erode