If the CTC is Rs 6,40,000, then how will the salary be broken up into different components as per statutory HR payroll laws and practices? Please provide the complete breakup of salary on a yearly as well as monthly basis and what percentages and calculations will follow for the same.
From India, Hyderabad
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From India, Hyderabad
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Greetings,
CTC will be based on the company policies. Every company has its own set of policies. According to your company benefits for employees, only CTC can be calculated.
Thanks & regards,
Karthik
HR
From India, Hyderabad
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4CTC will be based on the company policies. Every company has its own set of policies. According to your company benefits for employees, only CTC can be calculated.
Thanks & regards,
Karthik
HR
From India, Hyderabad
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If the CTC is Rs 3,40,000, then how will the salary be broken up into different components as per statutory HR payroll laws and practices? Please provide the complete breakup of the salary on a yearly as well as monthly basis and the percentages and calculations that will follow for the same.
From India, Nagpur
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From India, Nagpur
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Hi Umesh,
It all depends on the fixed and reimbursement variables. Kindly share whether bonus and gratuity are part of CTC or not. If they are not part of CTC, then:
Basic = 17000
HRA = 8500
Conveyance = 2000
Other Allowances = 3610
Gross = 31110
PF = 2040
Gratuity (if part of CTC) = 850
Total CTC = 34000/=
Remember: If gratuity is not a part of CTC, then either add it to other allowances.
Regards,
Kavita
From India, Delhi
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It all depends on the fixed and reimbursement variables. Kindly share whether bonus and gratuity are part of CTC or not. If they are not part of CTC, then:
Basic = 17000
HRA = 8500
Conveyance = 2000
Other Allowances = 3610
Gross = 31110
PF = 2040
Gratuity (if part of CTC) = 850
Total CTC = 34000/=
Remember: If gratuity is not a part of CTC, then either add it to other allowances.
Regards,
Kavita
From India, Delhi
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