Hi, Can any Inform me How to calculate Cost to Company CTC? Mail me in amit_sainik@yahoo.com
From India, Pune
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From India, Pune
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Hi Amit,
The contents of the salary breakup are as follows. You can prepare it according to your own suitability. HRA would be 40 to 60% of the basic.
Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum = 12 * Gross / Month
PF Contribution = 12% of Basic / Annum
ESI Contribution = 4.75% of Gross / Annum
Medical = The mediclaim facility provided to employees who are not covered under ESI, as the maximum ceiling for ESI is 10000 / Month. Those exceeding this amount will be covered under Mediclaim or as per company policy.
Ex-Gratia / Bonus = A fixed bonus amount
Annual Fixed Gross Cost = Gross / Annum + Ex-gratia
Annual Total Cost = AFGC + PF + ESIC
Annual total cost is also referred to as CTC.
I hope this information helps you prepare the required details on your end.
Regards,
Amit Seth
From India, Ahmadabad
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508The contents of the salary breakup are as follows. You can prepare it according to your own suitability. HRA would be 40 to 60% of the basic.
Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum = 12 * Gross / Month
PF Contribution = 12% of Basic / Annum
ESI Contribution = 4.75% of Gross / Annum
Medical = The mediclaim facility provided to employees who are not covered under ESI, as the maximum ceiling for ESI is 10000 / Month. Those exceeding this amount will be covered under Mediclaim or as per company policy.
Ex-Gratia / Bonus = A fixed bonus amount
Annual Fixed Gross Cost = Gross / Annum + Ex-gratia
Annual Total Cost = AFGC + PF + ESIC
Annual total cost is also referred to as CTC.
I hope this information helps you prepare the required details on your end.
Regards,
Amit Seth
From India, Ahmadabad
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EMPLOYEE SALARY INCOME TAX CALCULATION.xls x