Hi, Anyone can brief me the Break - ups of CTC offered, what is percentage of CTC components like Basic, HRA, PF, ESI and etc. Regards Krishna
From India, Bangalore
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From India, Bangalore
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Hi, :) what ever I know I am sharing the same with you. Find the attached file. :)
From India, Ghaziabad
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From India, Ghaziabad
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Hi Krishna,
The components of the salary breakup may be as follows; you can prepare it according to your convenience. HRA would be 40 or 50% of the basic.
Basic
HRA 40 - 50% is exempted from taxes, depending on the class of the city.
CCA - ₹825/- is exempted from tax.
Other Allowances
Mobile Reimbursement.
Medical Reimbursement of ₹1250/month is exempted from tax.
Gross Per Month = Sum of all the above.
Gross Per Annum = 12 * Gross/Month.
PF Contribution = 12% of Basic/Annum.
ESI Contribution = 4.75% of Gross/Annum.
Medical = The mediclaim facility provided to employees who are not covered under ESI as the maximum ceiling for ESI is ₹10,000/Month.
Any amount exceeding this will be covered under Mediclaim or will depend on company policy.
EX-Gratia/Bonus = A fixed amount as a bonus.
Annual Fixed Gross Cost = Gross/Annum + Ex-gratia.
Annual Total Cost = AFGC + PF + ESIC.
Annual total cost is also called CTC.
Additionally, Food coupons, Holiday packages, and Furnishing items are included in their CTC.
I hope this clarifies your queries to some extent.
Regards,
Amit Seth.
From India, Ahmadabad
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508The components of the salary breakup may be as follows; you can prepare it according to your convenience. HRA would be 40 or 50% of the basic.
Basic
HRA 40 - 50% is exempted from taxes, depending on the class of the city.
CCA - ₹825/- is exempted from tax.
Other Allowances
Mobile Reimbursement.
Medical Reimbursement of ₹1250/month is exempted from tax.
Gross Per Month = Sum of all the above.
Gross Per Annum = 12 * Gross/Month.
PF Contribution = 12% of Basic/Annum.
ESI Contribution = 4.75% of Gross/Annum.
Medical = The mediclaim facility provided to employees who are not covered under ESI as the maximum ceiling for ESI is ₹10,000/Month.
Any amount exceeding this will be covered under Mediclaim or will depend on company policy.
EX-Gratia/Bonus = A fixed amount as a bonus.
Annual Fixed Gross Cost = Gross/Annum + Ex-gratia.
Annual Total Cost = AFGC + PF + ESIC.
Annual total cost is also called CTC.
Additionally, Food coupons, Holiday packages, and Furnishing items are included in their CTC.
I hope this clarifies your queries to some extent.
Regards,
Amit Seth.
From India, Ahmadabad
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Dear Mr.Deepak, Hope your doing good. I was looking for the details of salary Break-ups, i gone through your message. It is very useful for me. Thanks, Regards N.Krishna Kumar HR - Recruitment
From India, Bangalore
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From India, Bangalore
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Dear Amit, Fine! Hope your doing good? what are the things included in Gross Salary? what are the things included in CTC? what are the things included in Net Pay?. Plz clarify? Regards Krishna
From India, Bangalore
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From India, Bangalore
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Dear Krishna, Go through my post carefully, have already mentiooned the same clkearly.. Regards, Amit Seth.
From India, Ahmadabad
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From India, Ahmadabad
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Hi All,
I am having some confusion on salary breakups. I have already gone through all the above updates. But I want to know what is the exact percentage of Basic salary in our total CTC. It could be according to the rule fixed by the Indian government. (For example, if my salary is 25K per month, what would be my Basic salary...
From India, Bangalore
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I am having some confusion on salary breakups. I have already gone through all the above updates. But I want to know what is the exact percentage of Basic salary in our total CTC. It could be according to the rule fixed by the Indian government. (For example, if my salary is 25K per month, what would be my Basic salary...
From India, Bangalore
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Salary less tax - CTC.xls