Hi Simta,
Yes you have asked a very relevant question, but can you give us a CTC figure of which you have to prepare a break-up.
Anyways the Basic would be approx 40 - 50% of gross, and 40 - 60 % of that would be HRA,Conveyance Allowance is fixed-800/- and its exempted from Tax. Medical allowance is 1250/- which is also exempted from tax. LTA that you may put in gross or better leave it from gross that you may pay on actual. Other allowance is the remaining amount to complete the Gross salary, i.e
Other Allowance = Gross - (Basic+HRA+CA+Medical+Edu All)
So can say Gross Salary = Basic+HRA+CA+Med+Edu+Other Allowance
Whereas out of this only two components may be deducted, one if PF which would be 12% of Basic and ESI 1.75% of gross if only Gross is below 10,000/-.
Regarding TDS, with this financial budget the ceiling is been increased from 1,00000/- to 1,10,000/-. I think Madhumita has explained that very nicely.
Above I have explained only regarding the Gross/Month. Regarding CTC you have to do some more exercise-
First Calculate Gross / Annum = 12*Gross/Month
then add Ex-Gratia or Bonus in lum sum it will now become AFGC (Annual Fixed Gross Cost)
Then Add PF contribution and ESI 4.75 % of Gross if applicable from the employer side per annum then it come your CTC or ATC.
It means CTC = Gross/Annum+EX-Gratia+PF & ESI contribution
If any other benefits are being provided from company side then you add also to conclude your CTC.
Hope it will be now very much clear with you, if get any query then feel free to revert.
Regards,
Amit Seth.