Dear Santosh,
Hope yr query will sort out by the answers given by many collegues.
I am also sharing my opinion below in a form of Salary Slip.
Earnings Deductions
BA - 100 PF - 12
DA - 50 ESI - 4
HRA - 30 ADV. - 0
Conv. - 20
SP.Al. - 20
---------------- -------------------
Total - 220 Total - 16
========= ===========
Net Pay : 204/- (Rs. Two Hundred four only)
The Rs.220/- Total earnings in a month is called "GROSS SALARY"
The Rs.204/- After deductions is called "NET SALARY"
Now CTC = Cost to Company
Rs. 220/- Gross Salary
Add Rs. 10/- Bonus
Add Rs. 10/- LTA
Add Rs. 10/- Medical
Add Rs. 00/- Any other else whatever company giving in form of cash either annually / half yearly / quarterly EXCEPT - Subsidies in canteen any Long term award or any gifts. It's depend on the policy of company.
It has been seems that some organisation include the cost of facilities or subsidies in CTC and some organisation not include the facilities / subsidies to count CTC. So it is depend on the Company to Company.
Hope, it will serve yr purpose
Regards
L.C.Pal
Hope yr query will sort out by the answers given by many collegues.
I am also sharing my opinion below in a form of Salary Slip.
Earnings Deductions
BA - 100 PF - 12
DA - 50 ESI - 4
HRA - 30 ADV. - 0
Conv. - 20
SP.Al. - 20
---------------- -------------------
Total - 220 Total - 16
========= ===========
Net Pay : 204/- (Rs. Two Hundred four only)
The Rs.220/- Total earnings in a month is called "GROSS SALARY"
The Rs.204/- After deductions is called "NET SALARY"
Now CTC = Cost to Company
Rs. 220/- Gross Salary
Add Rs. 10/- Bonus
Add Rs. 10/- LTA
Add Rs. 10/- Medical
Add Rs. 00/- Any other else whatever company giving in form of cash either annually / half yearly / quarterly EXCEPT - Subsidies in canteen any Long term award or any gifts. It's depend on the policy of company.
It has been seems that some organisation include the cost of facilities or subsidies in CTC and some organisation not include the facilities / subsidies to count CTC. So it is depend on the Company to Company.
Hope, it will serve yr purpose
Regards
L.C.Pal