could anybody tell me how to calculate the basic salary from ctc with formula....plz help me
From India, Delhi
12From India, Delhi
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could you tell why this fourmula is used for basic salary??? =round(sum(c3-500)*100/192,0))
From India, Delhi
From India, Delhi
Hi there,
Let's assume your CTC per annum is 200,000. If you divide this by 12, you will get your Monthly CTC, which means 200,000/12 = 16,666 per month.
Next, you can consider either 40% or 50% of this CTC as your Basic salary. For example, if you take 50% of 16,666, the calculation would be 16,666 * 50/100 = 8,333 as your monthly Basic salary.
I hope this clarifies the calculation process for you. Let me know if you need further assistance or information.
From India, Visakhapatnam
Let's assume your CTC per annum is 200,000. If you divide this by 12, you will get your Monthly CTC, which means 200,000/12 = 16,666 per month.
Next, you can consider either 40% or 50% of this CTC as your Basic salary. For example, if you take 50% of 16,666, the calculation would be 16,666 * 50/100 = 8,333 as your monthly Basic salary.
I hope this clarifies the calculation process for you. Let me know if you need further assistance or information.
From India, Visakhapatnam
Recently, I am also working as an HR with one company, but my specialization is not finance. I need human resource policy and the criteria of payroll, how to calculate when we have to provide only basic salary. Please, can anyone provide me with the format of leave policy for any organization?
From India
From India
Reasonably good formula to adapt will be as under:
1. 35% of CTC as Basic.
2. 30% of CTC as Monthly allowances like HRA, Conveyance, etc.
3. 5% of CTC as annual benefits like LTA, etc.
4. 20% of CTC as Bonus or Performance payment. This will be a variable pay.
5. 10% of CTC towards PF, Gratuity, and other social security measures.
This formula generally works well. Few modifications in percentages can be made to suit your requirements.
- T. Sivasankaran
From India, Chennai
1. 35% of CTC as Basic.
2. 30% of CTC as Monthly allowances like HRA, Conveyance, etc.
3. 5% of CTC as annual benefits like LTA, etc.
4. 20% of CTC as Bonus or Performance payment. This will be a variable pay.
5. 10% of CTC towards PF, Gratuity, and other social security measures.
This formula generally works well. Few modifications in percentages can be made to suit your requirements.
- T. Sivasankaran
From India, Chennai
Basic salary depends on the grade/level of the employee and may vary from company to company. Each company may have different salary slabs for various grades/levels of employees, with lower grades receiving lower basic salaries. The basic salary typically ranges from 30% to 50% of the gross/CTC.
Regards
From India, Hyderabad
Regards
From India, Hyderabad
Dear Pintu,
The exact calculation of the Basic Salary from CTC cannot be done until all the components of the salary are identified. Taking "Basic Salary" as a reference point, CTC is derived, and not the other way around.
Regards
From India, Hyderabad
The exact calculation of the Basic Salary from CTC cannot be done until all the components of the salary are identified. Taking "Basic Salary" as a reference point, CTC is derived, and not the other way around.
Regards
From India, Hyderabad
The components of CTC differ from company to company. There is no specific compulsory percentage to be deemed as Basic from the Gross or CTC. In the case of Minimum wages, we take Basic approximately 80-95% of Gross, while in other cases, i.e., higher slab, it may be deemed approximately 40-50% of Gross.
Regards,
From India, Solan
Regards,
From India, Solan
Dear Sir,
CTC includes Basic + Other allowances + Annual benefits + Fringe benefits (Total salary + Other emoluments) per annum. CTC differs from one concern to another concern as per their policy. Normally, Basic Pay will be 30 to 50% of CTC % 12 = Per month emoluments as per Co. Policy.
D. Gurumurthy
LL, HR & IR Consultant
Hyderabad.
From India, Hyderabad
CTC includes Basic + Other allowances + Annual benefits + Fringe benefits (Total salary + Other emoluments) per annum. CTC differs from one concern to another concern as per their policy. Normally, Basic Pay will be 30 to 50% of CTC % 12 = Per month emoluments as per Co. Policy.
D. Gurumurthy
LL, HR & IR Consultant
Hyderabad.
From India, Hyderabad
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