How Do You Calculate a New Joiner's CTC Package? Seeking Your Insights!

Hi All,

Requesting you to kindly send me the details on how to calculate the CTC package for a new joiner.

Thanks & Regards,
Dipika Amlani

Hi, How are you doing? I would like to share something with you. Some time back, one of our Citehr members posted an Excel sheet for calculating CTC, which is useful to everyone. I am now sharing some information that may be useful to you. Please find the attachments. If you are unable to download them, please send a request to the email address provided below.

The CTC is calculated based on the given percentages, and it's important to specify the CTC according to your company's standards.

Regards,

Sridhar.B
sridharb.hr@gmail.com

Hi Sridhar,

I know you are the right person to ask all my queries regarding wage and salary administration. Generally, our approach is to design a structure that is best for the employee as well as the organization. To maintain uniformity at different levels, we do set standards, for example, the grade system.

What factors should we consider while designing the salary structure? And what are the latest permissible limits of various allowances? I don't know how to write all my queries; in one line, I will say, consider me a layman and please explain in such a way that I can say I am confident in this field.

While I was in India, I never had any stress as we had preset standards to fix salaries at various levels, and we just followed that chart. But the important issue is how to do all this and that too without committing any legal violations.

Thanks,
Bibhutosh