Hi, One of our employee joined on 15th of aug. his ctc is 20k. His gross will 18k. Pls let me know on which figure(CTC/GROSS) we need to do prorate calculations. Regards Athidhi
From India, Cochin
Acknowledge(0)
Amend(0)
1From India, Cochin
Acknowledge(0)Amend(0)
Hello,
The employee joined in the midst of a month. His salary will be prorated based on his monthly salary, not the CTC. Some benefits in the CTC are applicable only upon completion of certain conditions like attendance, salary, and service, etc. If the employee works for the full month, the salary will be calculated as a prorated amount of that total.
Vibhakar Ramtirthkar
9371001906
snehvibha@yahoo.com
From India, Pune
Acknowledge(0)Amend(0)
The employee joined in the midst of a month. His salary will be prorated based on his monthly salary, not the CTC. Some benefits in the CTC are applicable only upon completion of certain conditions like attendance, salary, and service, etc. If the employee works for the full month, the salary will be calculated as a prorated amount of that total.
Vibhakar Ramtirthkar
9371001906
snehvibha@yahoo.com
From India, Pune
Acknowledge(0)Amend(0)
The monthly salary is always prorated based on the gross salary and not the yearly or monthly CTC. By the way, 15th August is a nationwide holiday. If you were working on that day, please ensure that you pay double salary for 15th August.
Regards,
From India, Mumbai
Acknowledge(0)Amend(0)
Regards,
From India, Mumbai
Acknowledge(0)Amend(0)
What you pay to an employee is gross, not CTC. CTC includes a number of facilities and perks that the employee gets. Please tell me how you will divide or separate those perks pro rata and how you would recover the cost for those.
For example, his CTC includes training costs or the cost of transport to the office. How will you recover a part of that cost from his salary?
From India, Mumbai
Acknowledge(0)Amend(0)
For example, his CTC includes training costs or the cost of transport to the office. How will you recover a part of that cost from his salary?
From India, Mumbai
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
GROSS SALARY&CTC FOR 15500.xls