Hi,
I am facing a problem where in normally we can calculate a net sal if CTC is given to us howvever is there any formula or any format wherein we can derive to CTC with the help of net sal
Eg, Net:- 7500/- pm what is the gross?
Please revert
Regards
Gaurav Vedak
HR executive
From India
I am facing a problem where in normally we can calculate a net sal if CTC is given to us howvever is there any formula or any format wherein we can derive to CTC with the help of net sal
Eg, Net:- 7500/- pm what is the gross?
Please revert
Regards
Gaurav Vedak
HR executive
From India
Hi Gaurav,
The CTC depends on various factors and we can reach to the CTC directly if we know abt the gorss salary..
This all depends on the company whether to give which kind of benefits to their employees or not. The benefits include LTA, PF, PL Accumulation, mobile, medical reimburshment, food , convenyance allowances, etc.
Once the company decide the structure about the benefits that are to be given to their employees, then only we can calculate the CTC basis on that. You first check with the policy of the company that what kind of benefit it want to include in the CTC.
Regards,
Jitu
From India, Chennai
The CTC depends on various factors and we can reach to the CTC directly if we know abt the gorss salary..
This all depends on the company whether to give which kind of benefits to their employees or not. The benefits include LTA, PF, PL Accumulation, mobile, medical reimburshment, food , convenyance allowances, etc.
Once the company decide the structure about the benefits that are to be given to their employees, then only we can calculate the CTC basis on that. You first check with the policy of the company that what kind of benefit it want to include in the CTC.
Regards,
Jitu
From India, Chennai
Hi Jitu
Thanks for the revert as per our discussion,I will make the components clear so you will be in better position to help me out
The salary breakup is as per below mentioned components
Basic PF
HRA ESIC
Conveyance PT
Special allowance
So I suppose you will have the best idea to help me
Regards
gaurav Vedak
HR Executive
From India
Thanks for the revert as per our discussion,I will make the components clear so you will be in better position to help me out
The salary breakup is as per below mentioned components
Basic PF
HRA ESIC
Conveyance PT
Special allowance
So I suppose you will have the best idea to help me
Regards
gaurav Vedak
HR Executive
From India
Hi Gaurav,
Fins below the complete details regarding the CTC and gross salary-
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.
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 maximumceiling 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 asBonus
Annual Fixed GrossCost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Hope now it will be very much clear to you,
if you have any query feel free to ask.
Regards,
Amit Seth.
From India, Ahmadabad
496Fins below the complete details regarding the CTC and gross salary-
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.
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 maximumceiling 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 asBonus
Annual Fixed GrossCost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Hope now it will be very much clear to you,
if you have any query feel free to ask.
Regards,
Amit Seth.
From India, Ahmadabad
Hi Gaurav,
The CTC depends on various factors This all depends on the company whether to give which kind of benefits to their employees or not. I hv attached a break up format .... hope it proves beneficial... to u.
Regards,
Monika
From India, Delhi
The CTC depends on various factors This all depends on the company whether to give which kind of benefits to their employees or not. I hv attached a break up format .... hope it proves beneficial... to u.
Regards,
Monika
From India, Delhi
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GROSS SALARY&CTC FOR 15500.xls