Hallo Friends, I am new in HR Department I want to know what can be included in Annual CTC and what can not be included in it. Please help me out! Sudhir Kumar
From India, New Delhi
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From India, New Delhi
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Hi Dude,
The below is a simple calculation of CTC:
CTC = Gross (Basic + HRA + SPL ALLOW + CONV + ETC) + Addition Employer Contributions (PF @ 13.61%, ESI @ 4.75% of less than 10000 gross, insurance if applicable). Net Take Home = Gross - less total deduction i.e., PF, ESI, PT.
Also, find the simple format of salary calculation for your reference.
Regards, Ravi
From India, Mumbai
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1The below is a simple calculation of CTC:
CTC = Gross (Basic + HRA + SPL ALLOW + CONV + ETC) + Addition Employer Contributions (PF @ 13.61%, ESI @ 4.75% of less than 10000 gross, insurance if applicable). Net Take Home = Gross - less total deduction i.e., PF, ESI, PT.
Also, find the simple format of salary calculation for your reference.
Regards, Ravi
From India, Mumbai
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Thank u very much dear you gave me very good information about salary structure per month one thing i want more to know about the allowances/benefits which can or cant be included in the annual C.T.C
From India, New Delhi
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From India, New Delhi
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Hii, Thanx evry one this info is very good fro me but one thing i would like to ask is that is PF deduction is fixed 13 % or it varies from company to company Regards Mustafa
From India, Mumbai
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From India, Mumbai
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Hi friends,
I have a gross monthly salary with the following details: Basic = 7510, DA = 2854, conveyance allowance = 650, other allowances = 2183, incentive = 2850 (not fixed). I contribute to PF (basic + DA + incentive) * 12%, i.e., 1500 (approx). Additionally, I receive yearly ex-gratia of 20000, LTA = 7200, and around 52 leave days encashable. The company also provides me with a 2-bedroom/kitchen/latrine-bathroom flat and full hospital facilities (for self, spouse, parents, child). Furthermore, I have accidental insurance, and the company gives me a gift (yearly) averaging Rs. 5000 along with 3-piece clothing set/safety shoe/4 sets of soap, etc. I cannot calculate my CTC; please help me understand how to calculate this.
Please inform me via email at indrashis.dey@gmail.com.
From India, Baleshwar
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I have a gross monthly salary with the following details: Basic = 7510, DA = 2854, conveyance allowance = 650, other allowances = 2183, incentive = 2850 (not fixed). I contribute to PF (basic + DA + incentive) * 12%, i.e., 1500 (approx). Additionally, I receive yearly ex-gratia of 20000, LTA = 7200, and around 52 leave days encashable. The company also provides me with a 2-bedroom/kitchen/latrine-bathroom flat and full hospital facilities (for self, spouse, parents, child). Furthermore, I have accidental insurance, and the company gives me a gift (yearly) averaging Rs. 5000 along with 3-piece clothing set/safety shoe/4 sets of soap, etc. I cannot calculate my CTC; please help me understand how to calculate this.
Please inform me via email at indrashis.dey@gmail.com.
From India, Baleshwar
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[QUOTE=Curfew Paintball;943642]
Hello,
I have started a paintball company, and I would like to know how to calculate the expenses that can be considered in calculating CTC.
Dear,
CTC, i.e., cost to company, is actually a very relative term. My experience suggests that different companies have interpreted and explained it in different ways. In general, it refers to the costs borne by the company for the benefit of the employees. Apart from Gross Salary, it includes:
1) PF employer contribution
2) ESIC Employer Contribution
3) Bonus
4) Gratuity
5) Superannuation
6) Mediclaim Premium
7) Any other insurance premium paid for employees
8) Fringe Benefits like housing, car, mobile, etc. (their rent or charges)
9) Any conveyance for personal use if reimbursed
As it is a very broad term and does not have any legal or specific definition, it can be interpreted in many ways. I hope this provides you with some insight.
Regards,
Sandeep Kulkarni
From India, Vadodara
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Hello,
I have started a paintball company, and I would like to know how to calculate the expenses that can be considered in calculating CTC.
Dear,
CTC, i.e., cost to company, is actually a very relative term. My experience suggests that different companies have interpreted and explained it in different ways. In general, it refers to the costs borne by the company for the benefit of the employees. Apart from Gross Salary, it includes:
1) PF employer contribution
2) ESIC Employer Contribution
3) Bonus
4) Gratuity
5) Superannuation
6) Mediclaim Premium
7) Any other insurance premium paid for employees
8) Fringe Benefits like housing, car, mobile, etc. (their rent or charges)
9) Any conveyance for personal use if reimbursed
As it is a very broad term and does not have any legal or specific definition, it can be interpreted in many ways. I hope this provides you with some insight.
Regards,
Sandeep Kulkarni
From India, Vadodara
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Hi! Can you help me in providing an excel sheet details of the Salary structure with the CTC, Take Home and gross calculation?
From India, Nagpur
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From India, Nagpur
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Hi,
I am new to the HR department and I want to know how to calculate the gross salary. If my gross salary is Rs. 25,000/-, then what is the salary breakup? I also want to know what is the minimum amount that has to be paid for Basic Salary and the maximum amount. Are there any rules for calculating this?
Srinivasan
From India, Madras
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I am new to the HR department and I want to know how to calculate the gross salary. If my gross salary is Rs. 25,000/-, then what is the salary breakup? I also want to know what is the minimum amount that has to be paid for Basic Salary and the maximum amount. Are there any rules for calculating this?
Srinivasan
From India, Madras
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Salary structure CTC 15000.xlsx
Employee Benefits.doc