Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
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)
+91 98310 81531

From India, New Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™