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shijith.unnikrishnan
can anyone please tell me how to calculate gross from CTC - because gross = CTC - total liabilities right in that liabilities esi contribution of employer also will come right, but for calculating esi = gross*4.75 %, so first we need to find the esic amount for calculating gross right. so can anyone help me out with this issue.
From India, Bengaluru
sunil41in
1

First to calculate Basic from CTC for example your CTC is 55900/-
calculate your Basic 30% to 50% from CTC ( 55900/- * 39.36% = 22002/- )
22002/- is your basic amount. now you calculate your HRA Basic * 50% (22002/-*50% = 11001/-) then Conveyance Allowance (1600/-), Medical Allowance (1250/-), Other / Special allowance/s ( 13530/-) etc,
Basic = 22002/-
HRA = 11001/-
Conveyance Allowance = 1600/-
Medical Allowance = 1250/-
Other Allowance = 13530/-
total Gross = 49383/-
employee contribution ESI Gross * 1.75%
Employer contribution ESI Gross * 4.75%
total = 6.50%
as per my knowledge please calculate your gross from CTC.

From India, Chennai
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