Understanding CTC vs Gross, Salary Breakdown, and Employee Benefits in Payroll Processing

Re: Difference between CTC and Gross

In this, I am having a doubt in the Payroll process. Please clarify. An employee receives a salary of Rs. 10,000 per month (Basic 4000, DA 1500, HRA 1200, Perks 1300, Med Allo 1000, Other Allo 1000). The normal working days are 26 per month. If the employee's working days are 10, we can calculate (10000/26)*10 (assuming no Leave Benefits or other Benefits), correct?

My question is, how do we break up the salary for these 10 days? How do we deduct the LOP amount from the mentioned heads? How much should we take for PF? Can someone clarify, please?

Regards,
Sukumar
9842023923

Dear Sukumar,

I am writing to request further clarification regarding the FPA.

Regards,
Ramesh

Thank you for your reply. Please keep in touch with me, sir.

One more thing, I am looking for a new HR Generalist job in Chennai. If you come to know of any opportunities, please inform me.

Regards,

Sukumar

9842023923

I am pursuing my MBA in HR, currently in the 4th semester. I am searching for an internship where I can complete the program and transition into a full-time job.