Hi Friends, I am new to this cite. I want to know what are the components of CTC, which we can include while calculating salary break-up. Thanks Jyoti Negi
From India, Delhi
Acknowledge(0)
Amend(0)
2From India, Delhi
Acknowledge(0)Amend(0)
Hi,
Please find out what CTC stands for.
CTC (Cost To Company): It includes Employer contribution to PF (12%).
For example, if the CTC is Rs. 8000, the Employer Contribution To PF would be 12% of CTC, which is 8000*12% = 360.
What is Gross Salary?
Gross Salary is calculated as CTC minus Employer Contribution to PF, i.e., 8000 - 360 = 7640.
What is Take-Home Salary?
To calculate Take-Home Salary, subtract the Employee contribution to PF and other deductions from the Gross Salary.
Gross Salary: 7640
Employee contribution to PF (12%): 360
Other Deductions:
- Mobile
- Food
- Cab
Regards,
Maniksing
From India, Bangalore
Acknowledge(0)Amend(0)
Please find out what CTC stands for.
CTC (Cost To Company): It includes Employer contribution to PF (12%).
For example, if the CTC is Rs. 8000, the Employer Contribution To PF would be 12% of CTC, which is 8000*12% = 360.
What is Gross Salary?
Gross Salary is calculated as CTC minus Employer Contribution to PF, i.e., 8000 - 360 = 7640.
What is Take-Home Salary?
To calculate Take-Home Salary, subtract the Employee contribution to PF and other deductions from the Gross Salary.
Gross Salary: 7640
Employee contribution to PF (12%): 360
Other Deductions:
- Mobile
- Food
- Cab
Regards,
Maniksing
From India, Bangalore
Acknowledge(0)Amend(0)
Please find below the breakup of the components of the salary:
BASIC 3200
HRA 1600
CONVEYANCE 800
SPECIAL ALLOWANCE 1654
PF 384
PT 60
ESI 133
INSURANCE 20
TOTAL 597
GROSS SALARY 7254
PF 384
ESI 362
GROSS SALARY 7616
TOTAL 746
CTC 8000
NET TAKE-HOME SALARY 6657
From India, Bangalore
Acknowledge(0)Amend(0)
BASIC 3200
HRA 1600
CONVEYANCE 800
SPECIAL ALLOWANCE 1654
PF 384
PT 60
ESI 133
INSURANCE 20
TOTAL 597
GROSS SALARY 7254
PF 384
ESI 362
GROSS SALARY 7616
TOTAL 746
CTC 8000
NET TAKE-HOME SALARY 6657
From India, Bangalore
Acknowledge(0)Amend(0)
The CTC stands for Cost to the Company, wherein all the heads of salary and other perks would be counted as part of the CTC. The Gross Pay and Net Pay would differ from the CTC. The explanation provided by Maniksing will offer clarity on the different concepts of CTC, Gross Pay, and Net Pay.
Regards,
DN
From Singapore, Singapore
Acknowledge(0)Amend(0)
Regards,
DN
From Singapore, Singapore
Acknowledge(0)Amend(0)
Hi,
CTC means Cost to Company, i.e., what are all the expenses incurred by the company for any of its employees for a particular period (monthly/yearly). Gross pay + employer's PF + employer's ESI + bonus = CTC, i.e., the salary payable and other statutory benefits payable by the company.
Hope you understand.
You can reach me at manikumarhr@gmail.com.
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)
CTC means Cost to Company, i.e., what are all the expenses incurred by the company for any of its employees for a particular period (monthly/yearly). Gross pay + employer's PF + employer's ESI + bonus = CTC, i.e., the salary payable and other statutory benefits payable by the company.
Hope you understand.
You can reach me at manikumarhr@gmail.com.
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Jyoti,
Simply put, all expenses incurred by a company for an employee are referred to as CTC. CTC stands for Gross Salary + Employer's Share to PF, ESI, Bonus, etc. + LTA + all fixed reimbursements (like medical, mobile, fuel, vehicle repair, etc.).
Gross salary encompasses all parts of the salary that are included in the salary chart or pay slip without any deductions, such as Basic, DA, HRA, CCA, Conv, Education and Medical Allowances, and all other allowances payable in the salary.
Take-home salary is calculated as Gross salary - (Employee's share of PF & ESI, and any tax (TDS and Prof tax) liabilities, welfare fund, etc.).
Manish Kumar
From India, Lucknow
Acknowledge(0)Amend(0)
Simply put, all expenses incurred by a company for an employee are referred to as CTC. CTC stands for Gross Salary + Employer's Share to PF, ESI, Bonus, etc. + LTA + all fixed reimbursements (like medical, mobile, fuel, vehicle repair, etc.).
Gross salary encompasses all parts of the salary that are included in the salary chart or pay slip without any deductions, such as Basic, DA, HRA, CCA, Conv, Education and Medical Allowances, and all other allowances payable in the salary.
Take-home salary is calculated as Gross salary - (Employee's share of PF & ESI, and any tax (TDS and Prof tax) liabilities, welfare fund, etc.).
Manish Kumar
From India, Lucknow
Acknowledge(0)Amend(0)
Hi,
Greetings of the day and Merry Christmas to all the members.
I want to know about ESI. What would be the employer's contribution and what would be the employee's contribution? I also want to know the time schedule and place where we have to submit the same. I would be thankful if you could provide me with this information.
Thanks a lot,
Anamika
Acknowledge(0)Amend(0)
Greetings of the day and Merry Christmas to all the members.
I want to know about ESI. What would be the employer's contribution and what would be the employee's contribution? I also want to know the time schedule and place where we have to submit the same. I would be thankful if you could provide me with this information.
Thanks a lot,
Anamika
Acknowledge(0)Amend(0)
Hi,
As per my understanding, CTC stands for Cost to Company, and the components include:
- Basic
- HRA
- Conveyance
- Mobile Reimbursement
- Medical Reimbursement
- All allowances
- LTA
- Employer contribution of PF
- Employer contribution towards ESI
- Total variable incentives
- Perks & benefits
- Insurance Premium (in the case of Group insurance)
If I have missed anything, please update me.
Regards,
Raul
From India, Madras
Acknowledge(0)Amend(0)
As per my understanding, CTC stands for Cost to Company, and the components include:
- Basic
- HRA
- Conveyance
- Mobile Reimbursement
- Medical Reimbursement
- All allowances
- LTA
- Employer contribution of PF
- Employer contribution towards ESI
- Total variable incentives
- Perks & benefits
- Insurance Premium (in the case of Group insurance)
If I have missed anything, please update me.
Regards,
Raul
From India, Madras
Acknowledge(0)Amend(0)
Hi,
Greetings of the day and Merry Christmas to all the members.
I want to know about ES. What would be the employer's contribution and what would be the employee's contribution? I also want to know the schedule and place where we have to submit the same. I would be thankful if you can provide me with this information.
Thanks a lot,
Anamika
Hi, Merry Christmas,
You need to submit the same in the regional ESIC office where your office establishment exists. You will find the information on www.esic.nic.in.
Employer contribution: 4.75% of BASIC+HRA+SPECIAL ALLOWANCE
Employee Contribution: 1.75% of BASIC+HRA+SPECIAL ALLOWANCE
Regards,
Raul
From India, Madras
Acknowledge(0)Amend(0)
Greetings of the day and Merry Christmas to all the members.
I want to know about ES. What would be the employer's contribution and what would be the employee's contribution? I also want to know the schedule and place where we have to submit the same. I would be thankful if you can provide me with this information.
Thanks a lot,
Anamika
Hi, Merry Christmas,
You need to submit the same in the regional ESIC office where your office establishment exists. You will find the information on www.esic.nic.in.
Employer contribution: 4.75% of BASIC+HRA+SPECIAL ALLOWANCE
Employee Contribution: 1.75% of BASIC+HRA+SPECIAL ALLOWANCE
Regards,
Raul
From India, Madras
Acknowledge(0)Amend(0)
CTC - COST TO COMPANY SALARY
CTC SALARY VARIES FROM COMPANY TO COMPANY. NORMALLY, IT INCLUDES GROSS SALARY = BASIC + HRA + CONVEYANCE + CANTEEN + CHILD EDUCATION + OTHER ALLOWANCES. AFTER THAT, IT INCLUDES COMPULSORY PF EMPLOYER'S CONTRIBUTION OF 12% OF BASIC + ESIC 4.75% OF GROSS (CEILING OF 10,000 IF APPLICABLE) + MEDICAL + GRATUITY + LTA, AND ANY OTHER ADDITIONAL BENEFITS. SOME COMPANIES INCLUDE THE KRA AMOUNT IN THE CTC CALCULATION.
REGARDS,
UDAY SABDE
From India, Pune
Acknowledge(0)Amend(0)
CTC SALARY VARIES FROM COMPANY TO COMPANY. NORMALLY, IT INCLUDES GROSS SALARY = BASIC + HRA + CONVEYANCE + CANTEEN + CHILD EDUCATION + OTHER ALLOWANCES. AFTER THAT, IT INCLUDES COMPULSORY PF EMPLOYER'S CONTRIBUTION OF 12% OF BASIC + ESIC 4.75% OF GROSS (CEILING OF 10,000 IF APPLICABLE) + MEDICAL + GRATUITY + LTA, AND ANY OTHER ADDITIONAL BENEFITS. SOME COMPANIES INCLUDE THE KRA AMOUNT IN THE CTC CALCULATION.
REGARDS,
UDAY SABDE
From India, Pune
Acknowledge(0)Amend(0)
ctc is 18000 then we cal reg pf is 2160 it depends up on the comp generly 90%of comp ded 780rs max -ctc=gross
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary breakup format.xls
Employee Benefits.doc