Dear sir, Can anyone please calculate the Gross pay for Rs.264000/- pa (CTC) using the following components and send it to me BASIC HRA CONVEYANCE SPL ALL. LTA MED ALL EX-GRATIA GRATUITY
From India, Madras
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From India, Madras
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Dear Sir, can anyone please calculate the Gross Pay for Rs. 264,000/- per annum (CTC) using the following components and send it to me:
- BASIC
- HRA
- CONVEYANCE
- SPL ALL.
- LTA
- MED ALL
- EX-GRATIA
- GRATUITY
Proposed Breakdown
Hey, hi... Tell me whether this is correct or not, okay...
- BASIC: 128,000
- HRA: 51,200
- CONVEYANCE: 15,360
- SPL ALL.: 11,570.5
- LTA: 8,000
- MED ALL: 25,600
- EX-GRATIA: 11,570.5 (Ex-gratia is for one-time payment, whereas Special Allowance is for monthly...)
- GRATUITY: 12,699 (4.81%)
Regards.
From India, Mumbai
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1- BASIC
- HRA
- CONVEYANCE
- SPL ALL.
- LTA
- MED ALL
- EX-GRATIA
- GRATUITY
Proposed Breakdown
Hey, hi... Tell me whether this is correct or not, okay...
- BASIC: 128,000
- HRA: 51,200
- CONVEYANCE: 15,360
- SPL ALL.: 11,570.5
- LTA: 8,000
- MED ALL: 25,600
- EX-GRATIA: 11,570.5 (Ex-gratia is for one-time payment, whereas Special Allowance is for monthly...)
- GRATUITY: 12,699 (4.81%)
Regards.
From India, Mumbai
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Salary Components Monthly Figures
Basic: 8800
HRA: 4400
Conveyance: 800
S.A: 3934
Medical: 1250
LTA: 2083
Ex Gratia: 733.04
Annual Salary: 264000 (SUM of total components * 12)
Regards,
Preyrna
HR Professional
From India, Mumbai
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Basic: 8800
HRA: 4400
Conveyance: 800
S.A: 3934
Medical: 1250
LTA: 2083
Ex Gratia: 733.04
Annual Salary: 264000 (SUM of total components * 12)
Regards,
Preyrna
HR Professional
From India, Mumbai
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Dear Lakshmi,
In CTC, you can include all amounts that are visible in the salary slip + employer contributions (PF/ESI, if applicable) + bonus/ex-gratia + any monetary benefits given to employees by the company. This is called CTC, which means Cost to Company. In this, you have to include all those monetary benefits given by the company as compensation.
From India, Hyderabad
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In CTC, you can include all amounts that are visible in the salary slip + employer contributions (PF/ESI, if applicable) + bonus/ex-gratia + any monetary benefits given to employees by the company. This is called CTC, which means Cost to Company. In this, you have to include all those monetary benefits given by the company as compensation.
From India, Hyderabad
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I have a doubt as to whether non monatory benefits are also included in CTC like- Hospital facility, canteen facility, housing facility. Please give ur opinion on this.
From India, Hyderabad
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From India, Hyderabad
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Dear Lakshmi,
As a general practice, companies do not include in-kind facilities when defining CTC. CTC normally includes monetary payments to employees. In general, CTC may be defined as the sum of all allowances (by whatever name you call them), reimbursement of actual expenses, annual bonus, and retirement benefits.
Thank you.
From India, New Delhi
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As a general practice, companies do not include in-kind facilities when defining CTC. CTC normally includes monetary payments to employees. In general, CTC may be defined as the sum of all allowances (by whatever name you call them), reimbursement of actual expenses, annual bonus, and retirement benefits.
Thank you.
From India, New Delhi
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