What is the format of appointment letter with the defined CTC structure and also what is the variable and the fixed salary.
From India, New Delhi
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From India, New Delhi
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Hi Ruhi,
The contents of the salary breakup may be as below. You can prepare it according to your own suitability. HRA would be 40 to 60% of the basic salary.
- Basic
- HRA
- TA
- Other Allowance
- Mobile Reimbursement per Month
- Gross Per Month = Sum of all the above.
- Gross Per Annum = 12 * Gross/Month
- PF Contribution = 12% of Basic/Annum
- ESI Contribution = 4.75% of Gross/Annum
- Medical = The mediclaim facility provided to employees who are not covered under ESI, as the maximum ceiling for ESI is ₹10,000/Month. If the amount exceeds this, it will be covered under Mediclaim or as per company policy.
- Ex-Gratia/Bonus = A fixed amount as Bonus
- Annual Fixed Gross Cost = Gross/Annum + Ex-gratia
- Annual Total Cost = AFGC + PF + ESIC
- Annual total cost is also referred to as CTC.
I hope this information will assist you in preparing the necessary details on your end.
Regards,
Amit Seth
From India, Ahmadabad
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508The contents of the salary breakup may be as below. You can prepare it according to your own suitability. HRA would be 40 to 60% of the basic salary.
- Basic
- HRA
- TA
- Other Allowance
- Mobile Reimbursement per Month
- Gross Per Month = Sum of all the above.
- Gross Per Annum = 12 * Gross/Month
- PF Contribution = 12% of Basic/Annum
- ESI Contribution = 4.75% of Gross/Annum
- Medical = The mediclaim facility provided to employees who are not covered under ESI, as the maximum ceiling for ESI is ₹10,000/Month. If the amount exceeds this, it will be covered under Mediclaim or as per company policy.
- Ex-Gratia/Bonus = A fixed amount as Bonus
- Annual Fixed Gross Cost = Gross/Annum + Ex-gratia
- Annual Total Cost = AFGC + PF + ESIC
- Annual total cost is also referred to as CTC.
I hope this information will assist you in preparing the necessary details on your end.
Regards,
Amit Seth
From India, Ahmadabad
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Salary structure CTC 15000.xlsx
Appointment Letter.docx