HI Everyone, My query is, if an employee basic is 8400, hra-5000, conveyance + special -2600+800, and mobile allowance is 200, pls let me know what is his CTC.
From India, Hyderabad
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From India, Hyderabad
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Hi, PF and ESI contribution is there, if PF and ESi is deducting then tell me how much?
From India, Mumbai
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429From India, Mumbai
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Basic - 8400
HRA - 5000
Conveyance - 800
Mobile Allowance - 200
Special Allowance - 2600
Total Gross = 17000
Employee Share - PF - 780
PT - 200
Employer Share - PF - 780
Net Salary - 16020
Total CTC = 17780
I would like to know how you calculated the HRA, and what percentage is given? Please let me know.
From India, Mumbai
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HRA - 5000
Conveyance - 800
Mobile Allowance - 200
Special Allowance - 2600
Total Gross = 17000
Employee Share - PF - 780
PT - 200
Employer Share - PF - 780
Net Salary - 16020
Total CTC = 17780
I would like to know how you calculated the HRA, and what percentage is given? Please let me know.
From India, Mumbai
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You can also consider the Gratuity amount (arrive monthly amount) to arrive at the CTC figure. Many companies adopt this approach when arriving at the CTC figure. As ESI does not apply, there should be some medi+claim policy. Please include the premium amount paid by the company in the CTC figure.
Thanks,
R K Nair
From India, Aizawl
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Thanks,
R K Nair
From India, Aizawl
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CTC Calculation Components
CTC is calculated as follows:
- Gross Salary
- Add: Employer's Share of PF
- Add: Employer's Share of ESI (if applicable, in this particular case, NO)
- Add: Mediclaim/Insurance Premium (if paid by employer)
- Add: Provision for Gratuity
- Add: Provision for Bonus/Ex-gratia Payment
- Add: Leave Wages
- Add: Canteen Facilities (if subsidized by employer)
- Add: Company Transport (If provided/subsidized by employer)
- Add: Any other expenses (direct or indirect) borne by the employer
From India, Mumbai
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CTC is calculated as follows:
- Gross Salary
- Add: Employer's Share of PF
- Add: Employer's Share of ESI (if applicable, in this particular case, NO)
- Add: Mediclaim/Insurance Premium (if paid by employer)
- Add: Provision for Gratuity
- Add: Provision for Bonus/Ex-gratia Payment
- Add: Leave Wages
- Add: Canteen Facilities (if subsidized by employer)
- Add: Company Transport (If provided/subsidized by employer)
- Add: Any other expenses (direct or indirect) borne by the employer
From India, Mumbai
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Employee Benefits.doc
CTC CALCULATION SHEET.xls