How will salary be broken up into different components as per statutory HR payroll laws and practices? - CiteHR
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If the CTC is Rs 6,40,000/-, then how will salary be broken up into different components as per statutory HR payroll laws and practices?
Please provide the complete breakup of salary on yearly as well as monthly basis and what percentages and calculation that will follow for the same.

Greetings,
CTC will be based on the company policies ,Every company has its own set of policies.
According to your company benefits to employees only ctc can be calculated .
Thanks & regards
Karthik
HR

If the CTC is Rs 3,40,000/-, then how will salary be broken up into different components as per statutory HR payroll laws and practices?
Please provide the complete breakup of salary on yearly as well as monthly basis and what percentages and calculation that will follow for the same.

Hi Umesh
It all depends on the fixed and reimbursement variables . Kindly share whether bonus and gratuity are the part of ctc or not.
If it is not the part of ctc then
Basic = 17000
HRA=8500
covy= 2000
OTHER ALLOWANCES=3610
GROSS=31110
PF = 2040
gratuity(if part of ctc)= 850
Total ctc=34000/=
remember: if gratuity is not a part of ctc, then either add it in other allowances
Regards'
Kavita

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