Hello Team, From CTC how we calculate Gross Salary. PFA sheet which I calculated is this the correct way if not please specify the correct way to calculate. Thanks & Regards
From India, Hyderabad
From India, Hyderabad
Dear Sribhanu
In my opinion your sheet is simply correct.
Generally Companies/Organizations do the break-up as you have done in your sheet.
CTC: Gross Salary(Monthly paid components)+ Employer share of PF and ESI
In Gross Salary you can have flexi basket components( like LTA, books and periodicals etc)
In CTC following costs are also included
-One time payment(like incentive+ performance Bonus/Stat Bonus)
-Cost of benefits to staff like, Meal coupons, Mediclaim Insurance
-Gratuity
Regards
Puran Dangwal
From India, New Delhi
11In my opinion your sheet is simply correct.
Generally Companies/Organizations do the break-up as you have done in your sheet.
CTC: Gross Salary(Monthly paid components)+ Employer share of PF and ESI
In Gross Salary you can have flexi basket components( like LTA, books and periodicals etc)
In CTC following costs are also included
-One time payment(like incentive+ performance Bonus/Stat Bonus)
-Cost of benefits to staff like, Meal coupons, Mediclaim Insurance
-Gratuity
Regards
Puran Dangwal
From India, New Delhi
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CTC Calculator.xls