HOW TO CALCULATE THE COST TO COMPANY ? IF THE COMPANY SAYS RS. 25000/- CTC WHT DOES THIS MEAN ? HOW MUCH CASH IN HAND TO BE CALCULATED FOR THE ABOVE STATED SALARY ?
From India, Thanjavur
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From India, Thanjavur
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Dear Friend,
If your salary is Rs. 25,000, the calculation is as follows:
CTC - 25k
Basic - CTC 30% (basic value is 30%)
HRA - 40% of basic
Special allowance and conveyance depend on the organization.
Employee - PF 12% of basic
ESIC - 1.75% of gross earnings
Professional tax as per law.
Income tax.
GROSS EARNING - PF - ESIC - PT = NETPAY (TAKE HOME)
Deduct all those, and you will get the net pay; this is your take-home salary.
If you come to know any additional information, kindly let me know.
Regards,
Gayathri.R
From India, Madras
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7If your salary is Rs. 25,000, the calculation is as follows:
CTC - 25k
Basic - CTC 30% (basic value is 30%)
HRA - 40% of basic
Special allowance and conveyance depend on the organization.
Employee - PF 12% of basic
ESIC - 1.75% of gross earnings
Professional tax as per law.
Income tax.
GROSS EARNING - PF - ESIC - PT = NETPAY (TAKE HOME)
Deduct all those, and you will get the net pay; this is your take-home salary.
If you come to know any additional information, kindly let me know.
Regards,
Gayathri.R
From India, Madras
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SALARY SHEET CALCULATION.xls
Salary calculation.doc