Dear All. I have my CTC (Cost to comapny) amount, i need to calculate my basic, HRA, gross, net pay & other details. pls exp the calculation
From India, Madras
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From India, Madras
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Hi,
Basic = 40% of CTC. PF = 12% of Basic * 2 (Your & Company Share). HRA = 50% of CTC (if residing in 4 metros else 40% if residing in other next to metro cities). Medical = Max of 1250 pm. Food Coupons = Max of 3500 pm, varies according to companies. Conveyance = 700 max pm, non-taxable even without bills. Rest, all amount is taxable after this.
Hope it's helpful.
Cheers, Mufaddal
From India, Bangalore
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Basic = 40% of CTC. PF = 12% of Basic * 2 (Your & Company Share). HRA = 50% of CTC (if residing in 4 metros else 40% if residing in other next to metro cities). Medical = Max of 1250 pm. Food Coupons = Max of 3500 pm, varies according to companies. Conveyance = 700 max pm, non-taxable even without bills. Rest, all amount is taxable after this.
Hope it's helpful.
Cheers, Mufaddal
From India, Bangalore
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Salary structure CTC 15000.xlsx
Salary calculation.doc