Calculating CTC for Rs. 200,000: Can Anyone Help Me Urgently?

Hi friends,

It's very nice to join this site. I have got lots of information there. Can any of my friends help me solve my problem in calculating CTC for Rs. 200,000? It's very urgent! Hope to see you soon.

Thank you.

As you were asking about the components, the first component will be basic, which in general is considered to be between 45-50% of gross. The other main component is House Rent Allowance, which consists of 40-50% of basic. The rest of the components are Special Allowance, Conveyance Allowance, Performance Allowance, and Other Allowances. You can divide the rest of the amount among all these components.

CTC comprises all those things that the employer is bearing on your behalf, such as employer contributions in PF and ESIC. However, there are certain rules to consider. For instance, if anybody with a basic salary of 6500 or more can write an application stating that they do not require PF. In ESIC, if a person's gross salary is more than 10,000, then they are exempted from ESIC.

I am providing you with an attachment that will help you in clearing your doubts. I hope this information is helpful. If you need any further clarification, please let me know.

Check out the attachment for both the payslip and breakup format. In case of any other clarification, feel free to write.

Mr. Madhu,

Please suggest whether PT should be included under annual components of CTC or not.

CTC: 801,120
Yearly Monthly

Basic 360,504 30,042
HRA 160,224 13,352
Conveyance allowance 9,600 800
Medical Reimbursement 15,000 1,250
LTA 30,042 -
Bonus 30,042 -
Fuel Reimbursement 120,000 10,000
3.74 Telephone Reimbursement 30,000 2,500
3.06 Uniform Allowances 24,488 2,041
- Other Allowance - -
1.17 PF (Employee) 9,360 -
1.17 PF (Employer) 9,360 780
- Esic Employee - -
- Esic Employer - -
0.31 PT 2,500 -

100.00 801,120 60,765
Less:
PF Employee 780
ESIC Employee -
PT 200 980
NET-IN-HAND 59,785

Sorry for the above. Please see the attachment and advise if the structure is correct.

I want to revise the CTC structure of employees as they are complaining about the tax liability because of the structure. I have talked to a CA, and according to them, it's fine. However, I have doubts about the PT part. Can we include PT under annual components of the CTC structure or not?

Please suggest...

Hi,

I am working as an HR executive, and my senior asked me to work out the CTC for employees, including GPA and GMA. Please help me understand what GPA (Grade Point Average) and GMA are, why we are including them in CTC, and how to calculate both.

Regards,
Vidhya