Dear Shyam,
Greetings for the day,
First of all clear all confusion that basic salary is always a part of ctc, and from our point of view the bifurcation of salary will be basic salary- 60% of the gross salary( HRA- 40%-50% is exempted from taxes depend on the class of city, CCA- Rs. 825/- exempted from tax, mobile reimbursement, Medical Allowance - Rs. 1250/- pm is exempted from IT).
In ctc you can include EPF (both employee-employer share including admin. charges)+ ESIC (both contributions) + labour welfare fund (both share)+ the components of above mentioned bifurcations+aparts from this food coupans+holiday packages+furnished items provided by the company, but last but not least the basic wages will never be less than prescribed minimum wages of the state.
hope this clear all confusions,
thanks & regards,
from,
sumit kumar saxena,
9899669071, 0120-4131277
Greetings for the day,
First of all clear all confusion that basic salary is always a part of ctc, and from our point of view the bifurcation of salary will be basic salary- 60% of the gross salary( HRA- 40%-50% is exempted from taxes depend on the class of city, CCA- Rs. 825/- exempted from tax, mobile reimbursement, Medical Allowance - Rs. 1250/- pm is exempted from IT).
In ctc you can include EPF (both employee-employer share including admin. charges)+ ESIC (both contributions) + labour welfare fund (both share)+ the components of above mentioned bifurcations+aparts from this food coupans+holiday packages+furnished items provided by the company, but last but not least the basic wages will never be less than prescribed minimum wages of the state.
hope this clear all confusions,
thanks & regards,
from,
sumit kumar saxena,
9899669071, 0120-4131277