Hellow Seniors,
I am a fresher !
Please help me understanding the below mentioned salary break up & CTC of my job.
Basic Salary 8600.00
House Rent Allowance 3950.00
Conveyance Allowance 1980.00
Uniform Allowances 0.00
CCA 1970.00
Entertainment Allowance 0.00
Leave Travel Allowance 0.00
Medical Allowance 0.00
Total Salary per month 16500.00
After PF deductions , In Hand Salary (as per pay slip) is 15,500
annual cost to the company (CTC) of Rs.237650
Total salary does not match up with CTC . Why ???
If I subtract ( total sal )16,500 x 12months = 1,98,000 from ( CTC ) .237650 , then the balance comes out as = 39,650
so where the amount 39,650 is going ??? Am i getting it ?
Thanku
I am a fresher !
Please help me understanding the below mentioned salary break up & CTC of my job.
Basic Salary 8600.00
House Rent Allowance 3950.00
Conveyance Allowance 1980.00
Uniform Allowances 0.00
CCA 1970.00
Entertainment Allowance 0.00
Leave Travel Allowance 0.00
Medical Allowance 0.00
Total Salary per month 16500.00
After PF deductions , In Hand Salary (as per pay slip) is 15,500
annual cost to the company (CTC) of Rs.237650
Total salary does not match up with CTC . Why ???
If I subtract ( total sal )16,500 x 12months = 1,98,000 from ( CTC ) .237650 , then the balance comes out as = 39,650
so where the amount 39,650 is going ??? Am i getting it ?
Thanku