I have been selected in one 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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Thanks A lot. i will check with respective HR for more clarification.
From India, Lonavla
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From India, Lonavla
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Hi, I have received this 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?
Monthly Annual
Basic Salary - 50% 122500 1470000
HRA - 40% 49000 588000
LTA 9375 112500
PF contribution by employee - 12% 14700 176400
Special allowances 49425 593100
Total Gross Salary 245000 2940000
Deduction:
PF contribution by employee - 12% 14700 176400
Professional Tax (PT) 200 2400
Net Salary (Gross-Total deductions) 230100 2761200
From India, Hyderabad
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Monthly Annual
Basic Salary - 50% 122500 1470000
HRA - 40% 49000 588000
LTA 9375 112500
PF contribution by employee - 12% 14700 176400
Special allowances 49425 593100
Total Gross Salary 245000 2940000
Deduction:
PF contribution by employee - 12% 14700 176400
Professional Tax (PT) 200 2400
Net Salary (Gross-Total deductions) 230100 2761200
From India, Hyderabad
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Salary structure CTC 15000.xlsx
Typical salary breakup.jpg