Dear ,
i need a clear cut CTC format (PF & ESI other statutory compliance cutting %) in complaince with andhra pradesh state Govt norms.
One is an administrative office, and
Second one is an software development company.
Cite.Co is a repository of information created by your industry peers and experienced seniors made possible with help from our prime sponsors like:

TALENTEDGE Who provide a platform for "interactive anywhere learning". Courses from top reputed institutes like IIM, XLRI, MICA. View Courses

FACTOHR - Provides Customised Payroll, GPS Enabled Attendance, Travel, Performance Management, HRMS that can help streamline your organisation. Explore Features

Register Here and help by adding your inputs. Contributions From Other Members Follow Below...
Dear Buchiraju,
State govt(s) does not stipulate any CTC pattern of salary to any establishment. What is prescribed by the state govt(s) under Minimum Wages Act for different categories of employees are minimum comprising Basic wages + FDA/VDA. Rest of other allowances are fixed by the respective establishments as per their HR policies. And CTC pattern are not common for every establishment as it's not compulsory though in fact they are nothing but statutory & other benefits due to employees like bonus (@ 8.33% minimum), gratuity (@ 15 days salary for every year of completed service) , employers' contribution to employees EPF a/cs etc but not payable alongwith monthly salary payments.Rates of EPF (@ 12% + 12%) and ESIC (@ 1.75% recovered from employees and @ 4.75% by employers). There are other components also which are not fixed.
Dear Kumar S,
thanks for the info,
i want to know the CTC structure with and without PF component.
let us say if i offered 500000 annual CTC, please tell me the structure with PF and without PF
Such requirement were already dealt many a time in this forum, use the Search Box at the top of this screen, you'll find it.
However use the attached xl sheet, models & specimen, modify yourself as you want it to be.

Attached Files
Membership is required for download. Create An Account First
File Type: xls CTC 420000.xls (23.0 KB, 73 views)
File Type: docx CTC-Payslip for the month of July.docx (10.6 KB, 50 views)
File Type: pdf i2_Payslip-CTC pattern.pdf (158.1 KB, 61 views)

Add Reply Start A New Discussion






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™