How Do I Break Down a CTC of 2.85? Need Urgent Help!

Hi seniors,

Can you help me to define the CTC breakup for 2.85? It's very urgent.

Regards,
Seema

Dear Seema,

Please find the CTC breakup for 2.85 in the attachment. Requesting seniors to kindly check the breakup and inform me of any mistakes, if any.

Regards,
UDAY

Hi Uday,

The medical part (One month basic salary/12 either or Rs 15,000, Max. yearly on the submission of the bills) is missing in the breakup. Kindly check.

Regards,
AB

Hi Mr. AB,

Thanks for your response. Is it mandatory to include in the breakup? Please let me know so that I can add Medical as one of the CTC components. Waiting for a reply. Thanks in advance.

Regards, UDAY

But what if the company is not coverable for PF, then how will the components in the breakup be reflected? Waiting for valuable feedback.

Regards, Akanksha

Dear Uday,

Please address the following doubts:

1. You mentioned Basic > 45% on Gross, but the actual Basic is 41%.
2. How do we determine if HRA should be 40% when in some organizations, it is set at 50%?
3. How should we determine the following heads: Other Allowance, Performance Allowance, Conveyance?

Kindly provide clarification on the above queries.

Regards,
Sandeep

Dear Seema,

Please find attached and below the CTC breakup.

Description Components
Normal Without Reimbursement With Reimbursement Without Limit PF Limit PF
Basic 10100 9948 10688 10688
HRA 5050 4974 5344 5344
Transport Allowance 800 800 800 800
Special Allowance 6588 5189 5635 6138
Gross 22538 20911 22467 22970
Emp'ee PF 1212 1194 1283 780
Emp'ee ESI 0 0 0 0
Take Home 21326 19717 21184 22190
Employer PF 1212 1194 1283 780
Employer ESI 0 0 0 0
Reimbursement 0 1600 0 0
CTC 23750 23705 23750 23750
CTC Annual 285000 284460 285000 285000

Thank you.

Hi all,

Please find the breakup as below:

SALARY DETAILS Per Annum Per Month

Gross Salary 285,000 23,750

Basic 114,000 9,500

HRA 45,600 3,800

Special Allowance 96,000 8,000

Medical Allowance 7,800 650

Uniform Allowance 12,000 1,000

Conveyance 9,600 800

Gross Salary 285,000 23,750
PF Employees Contribution 13,680 1,140
ESI 0 0
PT 2,400 200

Net Salary 268,920 22,410
PF Employer Contribution 13,680 1,140
ESI Employer Contribution 0 0

Current Cost to the Company 298,680 24,890

Thank you.

Hi,

This is the answer to your question.

From,
Rajesh