Can anyone help me know my take home salary with this CTC?

noctro15
I got this offer from a company. Would appreciate if someone could help me decode my take home salary post-tax deductions. Also please elaborate on FBC break-up details. Will I be getting LTA amount per month?
Pardon me for my ignorance, LTA can be claimed only when one takes 6 PL. Does this mean to claim LTA per month I have to take leaves and produce tickets? What do I have to do to claim special allowance?
Please see the attached screenshot to under my salary structure. Thanks for help.
Regards,
Tanmay
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umakanthan53
Dear Friend,
I think you know about the concept of CTC as a projected estimate of total expenses incurred by the employer annually to retain the employee in service as per the contract of employment. From the inputs given by you, the following are the actual heads of payment which you would receive every month:
Basic Pay = Rs. 50,000-00
HRA = 25 000-00
Medcl Allow = 1250-00
Con.Allow = 1600-00
Internet = 2000-00
Spl. Allow = 7817-00
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GROSS = 87667-00
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DEDUCTIONS: PF Contribution by self Rs.1800-00 + PT Rs.183-00 = Rs.1983-00 NET before tax= Rs.85,684-00
The values of food coupons, L.T.A and Employer's contribution for EPF are not included as they are not actually paid to the employee.
noctro15
Thank you sir for the reply. It is safe to assume that with taxes the net after-tax amount would be around Rs 76,000 then.
nanu1953
Dear Tanmay,
You are interested to know your tentative take home. What Mr. Umakanthan has already explained, you may consider also Medical & Conv amounting 2850/- per month as non taxable pocket. Then your taxable take home will be Rs. 82,834/- per month.
Now based on your other factors - Rental house, Further investment under SEC-80C other than your own PF contribution, Mediclaim( under sec-80D) etc. will determine your actual take home amount.
Thanks & Regds.,
S K Bandyopadhyay ( West Bengal-Howrah)
USD HR Solutions

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