Please help me in making a CTC of 12 LPA for sales manager profile which includes basic, hra, variable pay, OT, SA, TA.
From India, Gurgaon
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From India, Gurgaon
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Creating a CTC of 12 LPA would need careful consideration of various components. Here's a possible breakdown:
Basic Salary: It's generally 40-50% of the CTC, so let's take it as 50% here. It would be INR 6,00,000 per annum.
House Rent Allowance (HRA): It's usually 40-50% of the basic salary. In metropolitan cities like Gurgaon, it's usually 50% of the basic salary. Hence, HRA would be INR 3,00,000 per annum.
Variable Pay: This is usually performance-based and often 10-15% of the CTC. Let's take it as 10% here. It would then be INR 1,20,000 per annum.
Overtime (OT): Overtime is not a common component in salaried jobs in India, especially for managerial positions. It's usually applicable to hourly-wage workers. However, if you still want to include it, it can be a small percentage of the CTC, say 5%, amounting to INR 60,000 per annum.
Special Allowance (SA): This is a flexible component and can be adjusted based on the remaining salary after calculating other components. Here it would be INR 1,20,000 per annum.
Travel Allowance (TA): This is usually around 10% of the CTC, amounting to INR 1,20,000 per annum.
So, the breakdown would be:
- Basic Salary: INR 6,00,000
- HRA: INR 3,00,000
- Variable Pay: INR 1,20,000
- OT: INR 60,000
- SA: INR 1,20,000
- TA: INR 1,20,000
Please note that this breakdown is a general suggestion and it can differ based on company policies and individual performance. Also, employee benefits like Provident Fund (PF) contributions, health insurance, etc., have not been included here. These would further affect the CTC.
From India, Gurugram
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54Basic Salary: It's generally 40-50% of the CTC, so let's take it as 50% here. It would be INR 6,00,000 per annum.
House Rent Allowance (HRA): It's usually 40-50% of the basic salary. In metropolitan cities like Gurgaon, it's usually 50% of the basic salary. Hence, HRA would be INR 3,00,000 per annum.
Variable Pay: This is usually performance-based and often 10-15% of the CTC. Let's take it as 10% here. It would then be INR 1,20,000 per annum.
Overtime (OT): Overtime is not a common component in salaried jobs in India, especially for managerial positions. It's usually applicable to hourly-wage workers. However, if you still want to include it, it can be a small percentage of the CTC, say 5%, amounting to INR 60,000 per annum.
Special Allowance (SA): This is a flexible component and can be adjusted based on the remaining salary after calculating other components. Here it would be INR 1,20,000 per annum.
Travel Allowance (TA): This is usually around 10% of the CTC, amounting to INR 1,20,000 per annum.
So, the breakdown would be:
- Basic Salary: INR 6,00,000
- HRA: INR 3,00,000
- Variable Pay: INR 1,20,000
- OT: INR 60,000
- SA: INR 1,20,000
- TA: INR 1,20,000
Please note that this breakdown is a general suggestion and it can differ based on company policies and individual performance. Also, employee benefits like Provident Fund (PF) contributions, health insurance, etc., have not been included here. These would further affect the CTC.
From India, Gurugram
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