PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Ceo-usd Hr Solutions
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
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