I have been selected by a company recently, and they are offering me a CTC of 4.45L per annum. Below is the CTC breakup they sent me. I am a bit confused about whether this breakup is correct or not. I have to send my acceptance of this offer within a week. Can anyone tell me if this breakup is correct? Should I accept it or not? Is there anything fishy in this?
Salary Structure:
Earnings | Monthly | Annual
---|---|---
Basic | (16,167) | (194,004)
HRA | (8,083) | (96,996)
Conveyance Allowance | (800) | (9,600)
Medical Allowance | (1,250) | (15,000)
Special Allowance | (5,122) | (61,464)
Total Earnings | (31,422) | (377,064)
- LTA: (9,688) annually
- Gratuity: (777) | (9,331)
- Statutory Bonus: (16,167) annually
- PLI: (72,750) annually
- Annual Benefits: (107,937) annually
- Total Annual Package: (485,000)
Please review the above salary structure and advise if it seems accurate. Your help is greatly appreciated.
From India, Lonavla
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Salary Structure:
Earnings | Monthly | Annual
---|---|---
Basic | (16,167) | (194,004)
HRA | (8,083) | (96,996)
Conveyance Allowance | (800) | (9,600)
Medical Allowance | (1,250) | (15,000)
Special Allowance | (5,122) | (61,464)
Total Earnings | (31,422) | (377,064)
- LTA: (9,688) annually
- Gratuity: (777) | (9,331)
- Statutory Bonus: (16,167) annually
- PLI: (72,750) annually
- Annual Benefits: (107,937) annually
- Total Annual Package: (485,000)
Please review the above salary structure and advise if it seems accurate. Your help is greatly appreciated.
From India, Lonavla
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Looks fine except two aspects 1. Annual Earning portion is not clear (better you get more clarity) 2. If you have PF in your current company, you have to continue in the new firm as well
From India, Bangalore
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202From India, Bangalore
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Hi, I have received an offer from a company for a CTC of 29.4 LPA. Below is the CTC breakup they provided me with, and I would like to verify if this breakup is correct according to Indian rules. Can anyone confirm if this breakup is accurate? Also, should I accept it or not as soon as possible?
CTC Breakup:
Monthly | Annual
---|---
Basic Salary - 50% | 122,500 | 1,470,000
HRA - 40% | 49,000 | 588,000
LTA | 9,375 | 112,500
PF contribution by employee - 12% | 14,700 | 176,400
Special allowances | 49,425 | 593,100
Total Gross Salary | 245,000 | 2,940,000
Deductions:
PF contribution by employee - 12% | 14,700 | 176,400
Professional Tax (PT) | 200 | 2,400
Net Salary (Gross - Total deductions) | 230,100 | 2,761,200
From India, Hyderabad
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CTC Breakup:
Monthly | Annual
---|---
Basic Salary - 50% | 122,500 | 1,470,000
HRA - 40% | 49,000 | 588,000
LTA | 9,375 | 112,500
PF contribution by employee - 12% | 14,700 | 176,400
Special allowances | 49,425 | 593,100
Total Gross Salary | 245,000 | 2,940,000
Deductions:
PF contribution by employee - 12% | 14,700 | 176,400
Professional Tax (PT) | 200 | 2,400
Net Salary (Gross - Total deductions) | 230,100 | 2,761,200
From India, Hyderabad
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Salary structure CTC 15000.xlsx