How basic is calculated from CTC? Suppose if my employer told to give a candidate 2,40,000 salary per annum. What will be the procedure to make salary break up and the procedure to calculate basic from this CTC?
From India, Kolkata
Dear Subhadeep,
Deduct all annualized item ( e.g. Bonus, LTA etc. and also Employers portion of PF & ESI etc. ) from CTC. Divide it by 12 to get monthly gross.
Based on Apex court latest ruling , it is better to divide monthly gross into two components - Basic & HRA. Put more portion on Basic and less at HRA ( Based on your Organization's policy).
Thanks & Regds.,
S K Bandyopadhyay ( WB, HOWRAH)

From India, New Delhi

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