hello ,
i was worikng in a comapny then i resigned due to a reason . then i dint know what is my ctc ,when im applying for a job now every one is asking me ctc . how do i know my ctc from a salary slip.how to calculate it?
thnx
From India, Hyderabad
i was worikng in a comapny then i resigned due to a reason . then i dint know what is my ctc ,when im applying for a job now every one is asking me ctc . how do i know my ctc from a salary slip.how to calculate it?
thnx
From India, Hyderabad
496
Ur CTC is the pay shown "before" any deduction like PF or Prof tax/income tax. Its the tot cost to the company.
Remember - its not the take home.
And whenever u say CTC - it is Per Annum. How much you get per annum, before such deduction is ur ctc.
From India, Madras
Remember - its not the take home.
And whenever u say CTC - it is Per Annum. How much you get per annum, before such deduction is ur ctc.
From India, Madras
Very simple yaar......... CTC :: cost to the company per anum total how much they are spending on you.... thats it.
From India, Hyderabad
From India, Hyderabad
Hi,
You may be able to calculate your CTC from your salary slip only if all the components of your salary reflect on it. Usually salary components such as Medical Reimbursement and LTA do not reflect on the slip as they need to be claimed. (Your company may have Medical Allowance, instead of Reimbursement, which is shown on salary slip).
A point also to be noted is that the Employer PF contribution is added to the salary and this figure is called the CTC. The Employer PF may be 12% of actual Basic, or limited to 12% of INR 6500/-
Hence, please understand that there is no simple formula that can be provided to you for you to be able to calculate your CTC basis the salary slip.
Solution:
1. The Basic Salary is usually a certain percentage of the CTC. Contact a colleague in the past organization and ask her/him to get in touch with the HR and find out the percentage and then back calculate your CTC.
2. Contact the HR in your past organization yourself and ask them what your CTC was!
Regards,
Neeraj K Singh
From India, Mumbai
You may be able to calculate your CTC from your salary slip only if all the components of your salary reflect on it. Usually salary components such as Medical Reimbursement and LTA do not reflect on the slip as they need to be claimed. (Your company may have Medical Allowance, instead of Reimbursement, which is shown on salary slip).
A point also to be noted is that the Employer PF contribution is added to the salary and this figure is called the CTC. The Employer PF may be 12% of actual Basic, or limited to 12% of INR 6500/-
Hence, please understand that there is no simple formula that can be provided to you for you to be able to calculate your CTC basis the salary slip.
Solution:
1. The Basic Salary is usually a certain percentage of the CTC. Contact a colleague in the past organization and ask her/him to get in touch with the HR and find out the percentage and then back calculate your CTC.
2. Contact the HR in your past organization yourself and ask them what your CTC was!
Regards,
Neeraj K Singh
From India, Mumbai
This will help u i claulating ur CTC
Basic
HRA
TA
Other Allowance
MobileReimbursement / Month
Gross Per Month = Sum of all the above.
GrossPer Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESIContribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy.
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC. (Cost to Company)
From India, New Delhi
Basic
HRA
TA
Other Allowance
MobileReimbursement / Month
Gross Per Month = Sum of all the above.
GrossPer Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESIContribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy.
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC. (Cost to Company)
From India, New Delhi
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CTC Calculator.xls