Hello Team, From CTC how we calculate Gross Salary. PFA sheet which I calculated is this the correct way if not please specify the correct way to calculate. Thanks & Regards
From India, Hyderabad
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From India, Hyderabad
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Dear Sribhanu,
In my opinion, your sheet is simply correct. Generally, companies/organizations break up the components as you have done in your sheet. CTC includes Gross Salary (monthly paid components) along with the employer's share of PF and ESI. In Gross Salary, you can have flexible basket components (such as LTA, books, and periodicals, etc.).
Within CTC, the following costs are also included:
- One-time payments (like incentives, performance bonuses, statutory bonuses)
- Cost of benefits to staff such as meal coupons, mediclaim insurance
- Gratuity
Regards,
Puran Dangwal
From India, New Delhi
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11In my opinion, your sheet is simply correct. Generally, companies/organizations break up the components as you have done in your sheet. CTC includes Gross Salary (monthly paid components) along with the employer's share of PF and ESI. In Gross Salary, you can have flexible basket components (such as LTA, books, and periodicals, etc.).
Within CTC, the following costs are also included:
- One-time payments (like incentives, performance bonuses, statutory bonuses)
- Cost of benefits to staff such as meal coupons, mediclaim insurance
- Gratuity
Regards,
Puran Dangwal
From India, New Delhi
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