Hi all,
Can some one explain me how to find approximate in hand salary from the given CTC. I want to know in general and also specifically for ICICI Bank because I came to know that they calculate CTC in a different manner, because of which their CTC is always higher than other companies calculation for the same salary.
Thanks & Regards,
Gaurav Sahu
09229252852
From India, Madras
1Can some one explain me how to find approximate in hand salary from the given CTC. I want to know in general and also specifically for ICICI Bank because I came to know that they calculate CTC in a different manner, because of which their CTC is always higher than other companies calculation for the same salary.
Thanks & Regards,
Gaurav Sahu
09229252852
From India, Madras
Hi Saurav,
CTC means cost to company... it includes each n every components of expenses being occurred over an employee..
In hand salary is been calculated out of gross salary, different amount of deductions like PF, ESI , PT, TDS is been made from gross salary.. and then it comes salary in hand..
Regards,
Amit Seth.
From India, Ahmadabad
CTC means cost to company... it includes each n every components of expenses being occurred over an employee..
In hand salary is been calculated out of gross salary, different amount of deductions like PF, ESI , PT, TDS is been made from gross salary.. and then it comes salary in hand..
Regards,
Amit Seth.
From India, Ahmadabad
hi dear,
as you know CTC means cost to company. it includes every penny which company invest in you. In relation to salary in hand we can tell after seeing components and there percentage in CTC. salary in hand will depend on your components and there percentage. it will very from company to company.
but if see average figure in industry than app. 60% of CTC you will get in hand.
From India, Hyderabad
as you know CTC means cost to company. it includes every penny which company invest in you. In relation to salary in hand we can tell after seeing components and there percentage in CTC. salary in hand will depend on your components and there percentage. it will very from company to company.
but if see average figure in industry than app. 60% of CTC you will get in hand.
From India, Hyderabad
Hi, :)
CTC stands for Cost to Company which includes all the components which are incurred by the company to provide you the contributions/facilities like: Meal (Subsidized), Conveyance, Training & Development, PLI's, etc.
However, CTC minus all contributions/facilities mentioned above is your GROSS SALARY.
Gross salary minus PF, TDS is your NET SALARY / IN-HAND SALARY.
Hope your doubt has been clarified.
Shelly
From India, Delhi
CTC stands for Cost to Company which includes all the components which are incurred by the company to provide you the contributions/facilities like: Meal (Subsidized), Conveyance, Training & Development, PLI's, etc.
However, CTC minus all contributions/facilities mentioned above is your GROSS SALARY.
Gross salary minus PF, TDS is your NET SALARY / IN-HAND SALARY.
Hope your doubt has been clarified.
Shelly
From India, Delhi
Hi!
I am giving the break up of my ctc. could u please tell me what is the in hand amount which I shall be getting???
Stipend: 7000/m
HRA:1980/M
CONVEYANCE:2800/M
PERFORMANCE REWARD:5050/M TILL 1ST ASSESSMENT
FOOD COUPONS:1000/M
PRODUCTION INCENTIVE:BASED ON PLANT PERFORMANCE
MEDICAL REINBURSEMENT:8.33% OF STIPEND
LTA:8.33% OF STIPEND(PAID ANNUALLY)
LEAVE ENCASHMENT:AS PER COMPANY RULES
PROVIDENT FUND:12% OF STIPEND
GRATUITY:
AS PER COMPANY RULES
BONUS:20% OF STIPEND(PAID ANNUALLY)
From India, New Delhi
I am giving the break up of my ctc. could u please tell me what is the in hand amount which I shall be getting???
Stipend: 7000/m
HRA:1980/M
CONVEYANCE:2800/M
PERFORMANCE REWARD:5050/M TILL 1ST ASSESSMENT
FOOD COUPONS:1000/M
PRODUCTION INCENTIVE:BASED ON PLANT PERFORMANCE
MEDICAL REINBURSEMENT:8.33% OF STIPEND
LTA:8.33% OF STIPEND(PAID ANNUALLY)
LEAVE ENCASHMENT:AS PER COMPANY RULES
PROVIDENT FUND:12% OF STIPEND
GRATUITY:
AS PER COMPANY RULES
BONUS:20% OF STIPEND(PAID ANNUALLY)
From India, New Delhi
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