Hallo Friends, I am new in HR Department I want to know what can be included in Annual CTC and what can not be included in it. Please help me out! Sudhir Kumar
From India, New Delhi
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From India, New Delhi
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Hi Dude,
the below is simple calculation of CTC
CTC =
Gross (Basic + HRA + SPL ALLoW + CONV + ETC )
+ Addition
Employer Contributions (PF @ 13.61%, ESI @ 4.75% of less than 10000 gross, insurance if aplicable)
Net Take Home = Gross - less total deduction ie pf, esi, pt
also find the simple format of salary calculation for your ref
Regd
Ravi
From India, Mumbai
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1the below is simple calculation of CTC
CTC =
Gross (Basic + HRA + SPL ALLoW + CONV + ETC )
+ Addition
Employer Contributions (PF @ 13.61%, ESI @ 4.75% of less than 10000 gross, insurance if aplicable)
Net Take Home = Gross - less total deduction ie pf, esi, pt
also find the simple format of salary calculation for your ref
Regd
Ravi
From India, Mumbai
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Thank u very much dear you gave me very good information about salary structure per month one thing i want more to know about the allowances/benefits which can or cant be included in the annual C.T.C
From India, New Delhi
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From India, New Delhi
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Hii, Thanx evry one this info is very good fro me but one thing i would like to ask is that is PF deduction is fixed 13 % or it varies from company to company Regards Mustafa
From India, Mumbai
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From India, Mumbai
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hi freinds, I have gross per month salary in details, Basic=7510, DA=2854,conv allow=650, others allowence=2183, incentive= 2850 (not fixed); contributed PF (basic+DA+incentive)*12% i,e 1500 (apprx) ; and in yearly exgratia=20000 , LTA =7200 , also around 52 LEAVE in encasheble . Also company provide me a 2bed/kitchen/latrin-bathroom flat and full hospital facility (for self+spouse+parents+child) , also my accidental insurance, moreover company give me a gift (yearly) avg Rs.=5000 and 3 pc clothing set/safety shoe/4 set soap etc. , I can't count my CTC, Please help me and how u calculate this
. Please inform me to my id
From India, Baleshwar
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. Please inform me to my id
From India, Baleshwar
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Hello, i have started paintball company and i would ike to know how calcuate the expenses which can be counted while calcuating CTC
From India, Pune
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From India, Pune
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Dear'
CTC i.e. cost to compnay is actually very relative term. My experience says that different companies have taken it and explained in different ways. But in general it means cost beared by the company for the benefit of the employees. Other than Gross Salary it includes....
1) PF employer contribution
2) ESIC Employer Contribution
3) Bonus
4) Gratuity
5) Supperanuation
6) Mediclaim Premium
7) Any other insurance premium paid for emplyee
8) Fringe Benefits like house, car, moible, etc (their rent or charges)
9) Any conveyance for personal use if reimbursed
As it is very broad term and does not have have any legal or any sort of definition for it, can be interpretted in many ways.
Hope this gives you some idea.
Regards,
Sandeep Kulkarni
From India, Vadodara
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CTC i.e. cost to compnay is actually very relative term. My experience says that different companies have taken it and explained in different ways. But in general it means cost beared by the company for the benefit of the employees. Other than Gross Salary it includes....
1) PF employer contribution
2) ESIC Employer Contribution
3) Bonus
4) Gratuity
5) Supperanuation
6) Mediclaim Premium
7) Any other insurance premium paid for emplyee
8) Fringe Benefits like house, car, moible, etc (their rent or charges)
9) Any conveyance for personal use if reimbursed
As it is very broad term and does not have have any legal or any sort of definition for it, can be interpretted in many ways.
Hope this gives you some idea.
Regards,
Sandeep Kulkarni
From India, Vadodara
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Hi! Can you help me in providing an excel sheet details of the Salary structure with the CTC, Take Home and gross calculation?
From India, Nagpur
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From India, Nagpur
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Hi ,
Am new to the HR department and i want to know how to calculate the gross salary. If my gross salary is Rs.25000/- then what is the salary break up and also want know what is the minimum amount has to be paid for Basic Salary and the maximum amount. Is any rules there for calculate this?
Srinivasan
From India, Madras
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Am new to the HR department and i want to know how to calculate the gross salary. If my gross salary is Rs.25000/- then what is the salary break up and also want know what is the minimum amount has to be paid for Basic Salary and the maximum amount. Is any rules there for calculate this?
Srinivasan
From India, Madras
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CTC Calculator.xls