Hello,
I was working in a company, then I resigned due to a reason. Then, I didn't know what my CTC was. When I'm applying for a job now, everyone is asking me about my CTC. How do I know my CTC from a salary slip? How can I calculate it?
Thank you.
From India, Hyderabad
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I was working in a company, then I resigned due to a reason. Then, I didn't know what my CTC was. When I'm applying for a job now, everyone is asking me about my CTC. How do I know my CTC from a salary slip? How can I calculate it?
Thank you.
From India, Hyderabad
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Dear Friend, They must have given you the appointment letter showing break up of your salary. Even from your salary slip also, one may calculate the CTC based on other perks. Regards, Amit seth.
From India, Ahmadabad
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508From India, Ahmadabad
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Your Cost to Company (CTC) is the pay shown "before" any deductions like PF, professional tax, or income tax. It is the total cost to the company. Remember - it's not the take-home pay. Whenever you refer to CTC, it is on a per annum basis. Your CTC is how much you receive per annum before such deductions.
From India, Madras
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From India, Madras
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Very simple yaar......... CTC :: cost to the company per anum total how much they are spending on you.... thats it.
From India, Hyderabad
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From India, Hyderabad
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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 the 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 the 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 based on 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
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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 the 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 the 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 based on 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
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ctc is the total cost to the company per year. it will be the total of your basic salary plus all allowances, benefits an gratuity per year. cheers' Jubi
From Kuwait, Kuwait
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From Kuwait, Kuwait
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This will help you in calculating your CTC.
Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum = 12 * Gross/Month
PF Contribution = 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who is not covered under ESI, as the maximum ceiling for ESI is 10,000/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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Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum = 12 * Gross/Month
PF Contribution = 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who is not covered under ESI, as the maximum ceiling for ESI is 10,000/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 SALARY SLIP FORM.xls