Anonymous
Hi all, I have joined a MNC company with a good brand name across India. The CTC they offered is 3 lac per annum with the basic pay of 120000 what will be my take home salary?

CTC breakdown

Basic: 120000
HRA: 60000
Bonus: 24000
Benefits Plan: 68628
PF: 21600
Gratuity: 5772

Earlier I was getting 279000 per annum in my previous company

From India, Delhi
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Bijay_majumdar
Freelancer In Hr &indirect Taxes For
Pan Singh Dangwal
Joint Manager
+1 Other

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Pan Singh Dangwal
224

Dear Member,

The Take Home salary is calculated after subtracting the deductions from monthly Payable Wages.

It would better if you share any offer letter or actual excel sheet. However, on basis of the above it should be:-

Heads = Monthly
Basic = 10,000
HRA = 5,000
Benefit Plans = 5,719 (assuming Rs. 68628 is pay alongwith monthly salary)
Gross = 20,719

(-)PF Ded. = 1,800

Net Wages = 18,919.

If there are other deductions (PT, LWF etc.) applicable, the Net Wages will be changed accordingly

The gratuity is a notional figure (considered @ 4.81% to calculate the CTC).
Same is paid on basis of last basic at the time of retirement-resignation.

Bonus I assumed to be paid once in a year, hence not considered in the monthly calculations.

If you want to make comparison with your earlier company pls share detailed information, than only senior can give the inputs.

From India, Delhi
varghesemathew
909

How can Rs 12 lakhs be basic for a CTC of Rs 3 lakhs pa .?
From India, Thiruvananthapuram
varghesemathew
909

Sorry ?my mistake . The query is OK
From India, Thiruvananthapuram
bijay_majumdar
353

Calaculate monthly
Basic wages
DA
Hra ,
Other allowances like conveyance, maintainance,
Etc.
Sum total gross.
Apply statutory deductios
Like
Epf ee & er
Esic ee& er
Mlwf
Lww
Gratuity
Bonus if applicable
PT
At prescribed ratges.
Sum total net salary.
multiply with 12 months and you get CTC.

From India, Vadodara

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