Hi All, According to my company standards, the CTC breakup is as below:
i)Basic - 40% of ctc
ii)HRA - 50% of basic
iii)LTA - 1 month basic in a year
iv)Other allowance - "x" value
We also include employers PF in CTC which is capped to maximum 1800 pm and is calculated on basic and Other allowance. So here i have 2 values that are unknown ie PF calculation and OA. Please help me out with an excel formula to work out the same.
15th July 2019 From India, Mumbai
Hi Vjdarne,
A model working is attached. You are free to amend to suit your requirement.
16th July 2019 From India, Bangalore

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File Type: xls CTC for 5.00L Gross.xls (25.0 KB, 84 views)

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