How Do I Break Down My CTC to Understand Basic, HRA, and Net Pay?

Dear All,

I have my CTC (Cost to company) amount and I need to calculate my basic, HRA, gross, net pay, and other details. Please explain the calculation.

Hi,

Basic = 40% of CTC. PF = 12% of Basic * 2 (Your & Company Share). HRA = 50% of CTC (if residing in 4 metros else 40% if residing in other next to metro cities). Medical = Max of 1250 pm. Food Coupons = Max of 3500 pm, varies according to companies. Conveyance = 700 max pm, non-taxable even without bills. Rest, all amount is taxable after this.

Hope it's helpful.

Cheers, Mufaddal