Dear seniors,
Please guide me on how to calculate the take-home salary amount from the CTC. Does it depend on the company, or can the employee provide their calculations with a breakdown? I am looking forward to your immediate reply.
Best regards
From India, Mumbai
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Please guide me on how to calculate the take-home salary amount from the CTC. Does it depend on the company, or can the employee provide their calculations with a breakdown? I am looking forward to your immediate reply.
Best regards
From India, Mumbai
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Hi Pawan,
Take-home salary is the amount that is calculated after all the deductions are made, such as PF, ESI, income tax, professional tax, and other such deductions. It is the amount that you finally get in hand at the end of every month.
Most organizations have their own calculations and design CTC and their breakdowns on their own. It's only at the senior level that they have the option of stating their own breakdown.
Regards,
Archna
From India, Delhi
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115Take-home salary is the amount that is calculated after all the deductions are made, such as PF, ESI, income tax, professional tax, and other such deductions. It is the amount that you finally get in hand at the end of every month.
Most organizations have their own calculations and design CTC and their breakdowns on their own. It's only at the senior level that they have the option of stating their own breakdown.
Regards,
Archna
From India, Delhi
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Dear Ms. Archana,
Thank you for the kind reply. What is the best calculation I can suggest for a 60k take-home salary in CTC format? The company asked about CTC. How should I professionally convey this information to them? Please provide me with the calculation/breakdown for 60k. I am looking forward to your immediate reply with the calculation again.
Regards,
Pavanfashion
From India, Mumbai
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Thank you for the kind reply. What is the best calculation I can suggest for a 60k take-home salary in CTC format? The company asked about CTC. How should I professionally convey this information to them? Please provide me with the calculation/breakdown for 60k. I am looking forward to your immediate reply with the calculation again.
Regards,
Pavanfashion
From India, Mumbai
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madam, 60k is take home salary and i suppose to give ctc break up to the company. pls reply soon thx
From India, Mumbai
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From India, Mumbai
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madam, 60k is current take home salary, how to convert on ctc break up the same figure. pls guide me, immediately. company asked me to give ctc. rgds pavanfashion
From India, Mumbai
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From India, Mumbai
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dear gurang 60k per month take home salary. wht would be ctc any calculation formula to convert them in ctc? pls guide rgds
From India, Mumbai
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From India, Mumbai
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Your company must have a salary calculator because without the company standard heads in the format, it's not possible to calculate it. Don't panic, just ask them for the particular format in Excel. They must have put some formulas in those, and you have to just input the figures to arrive at this $60k amount.
From India, Ahmedabad
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From India, Ahmedabad
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BTW, without teaching you how to calculate it, how can they simply ask you to do it for them. No one learns it from birth
From India, Ahmedabad
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From India, Ahmedabad
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Dear Pavan,
Different companies have different formulas for calculating the take-home salary from the gross salary. As per my understanding, the gross salary or CTC is generally the take-home salary multiplied by 1.31. However, this is not a standard formula. To determine the CTC, you will need to inform me about any deductions being made from your salary (if applicable), and any additional benefits such as gratuity, non-monetary benefits, etc., that the company provides to you.
Regards,
Gaurang
From India, Ahmadabad
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Different companies have different formulas for calculating the take-home salary from the gross salary. As per my understanding, the gross salary or CTC is generally the take-home salary multiplied by 1.31. However, this is not a standard formula. To determine the CTC, you will need to inform me about any deductions being made from your salary (if applicable), and any additional benefits such as gratuity, non-monetary benefits, etc., that the company provides to you.
Regards,
Gaurang
From India, Ahmadabad
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Hi Archana,
Kindly explain how to calculate CTC. My monthly salary is 11500/-. Deductions from 11500/- are as follows:
- PF - 828 (60% of 11500 is basic salary, and PF is 12% of basic)
- ESIC - 201 (1.75% of 11500)
- P.T - 150
So, I am getting my take-home salary 10321. What is the CTC on a monthly and annual basis?
From India, Ahmadabad
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Kindly explain how to calculate CTC. My monthly salary is 11500/-. Deductions from 11500/- are as follows:
- PF - 828 (60% of 11500 is basic salary, and PF is 12% of basic)
- ESIC - 201 (1.75% of 11500)
- P.T - 150
So, I am getting my take-home salary 10321. What is the CTC on a monthly and annual basis?
From India, Ahmadabad
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SALARY SHEET CALCULATION.xls
Salary calculation.doc