CTC calculation is as follows-
There are certain addition and deductions are made to get the net pay it is as follows.
let if the basic salary is =4000
the P.f dedction is 12 percnt of basic=12 %4000=480
D.A is added,supoose it is 25%of basic=1000
let there b certain allowances which comes around 4000(travelling allowance,mobile expence,tiffin,eduation etc)
thus the net pay will be=4000-480+1000+4000=8520 and the ctc will be withodt any diductions thus it will be 4000+4000+1000=9000*12=108000 CTC
hope this will help....
From India, Delhi
There are certain addition and deductions are made to get the net pay it is as follows.
let if the basic salary is =4000
the P.f dedction is 12 percnt of basic=12 %4000=480
D.A is added,supoose it is 25%of basic=1000
let there b certain allowances which comes around 4000(travelling allowance,mobile expence,tiffin,eduation etc)
thus the net pay will be=4000-480+1000+4000=8520 and the ctc will be withodt any diductions thus it will be 4000+4000+1000=9000*12=108000 CTC
hope this will help....
From India, Delhi
how we will calculate of CTC HRA how many % we can give,CONVINCE how many % we can give,etc..?plz tell me
From India, Bahadurgarh
From India, Bahadurgarh
The CTC for Various Levels :
Cadre from Asst's/Sr.Asst's/Jr.Exec/Sr.Executives/Jr.Managers :
Gross Salary+Company's Cont to PF & ESI
Cadre from Asst.Manager to Manager
Gross Salary+Company's Cont to PF & ESI + Bonus + Retirals(Gratuity)+Insurance Coverage (Mediclaim) + Incentives paid if any
Cadres from Sr.Managers and above:
Gross Salary+Company's Cont to PF + Retirals (Gratuity)+Insurance Prem+Incentives+Perquisites like Leased Accomodation provided by the company or Company's owned Accomodation provided+Car with Drivers Salary+Helper's Salary Reimb+Petro Reimb etc..
If you want further clarifications, please feel free to contact me in my mobile No.9949218492 or my mail ID
or 
. Please give me your comments on this posting.
From India, Eluru
1Cadre from Asst's/Sr.Asst's/Jr.Exec/Sr.Executives/Jr.Managers :
Gross Salary+Company's Cont to PF & ESI
Cadre from Asst.Manager to Manager
Gross Salary+Company's Cont to PF & ESI + Bonus + Retirals(Gratuity)+Insurance Coverage (Mediclaim) + Incentives paid if any
Cadres from Sr.Managers and above:
Gross Salary+Company's Cont to PF + Retirals (Gratuity)+Insurance Prem+Incentives+Perquisites like Leased Accomodation provided by the company or Company's owned Accomodation provided+Car with Drivers Salary+Helper's Salary Reimb+Petro Reimb etc..
If you want further clarifications, please feel free to contact me in my mobile No.9949218492 or my mail ID
From India, Eluru
Dear Mr Manjeet
Conveyance Allowance Rs.800/- per month is exempt from income tax and tax can be saved on HRA if it is 40% of basic. Company can pay excess from these but that will be taxable as other allowance.
From India, Delhi
Conveyance Allowance Rs.800/- per month is exempt from income tax and tax can be saved on HRA if it is 40% of basic. Company can pay excess from these but that will be taxable as other allowance.
From India, Delhi
Hi,
The cost to company (CTC) includes all that the company pays to the employee. Take the total of basic salary, DA, HRA, Other allowances, PF contribution of both employers & employees & deduct the total of all deductions like the profession tax, ESIC etc. The net amt. multiplied by 12 will give you the CTC.
byeee
Trupti
From India, Mumbai
The cost to company (CTC) includes all that the company pays to the employee. Take the total of basic salary, DA, HRA, Other allowances, PF contribution of both employers & employees & deduct the total of all deductions like the profession tax, ESIC etc. The net amt. multiplied by 12 will give you the CTC.
byeee
Trupti
From India, Mumbai
Cost To Company, being nomenclatured as CTC, is to be calculated whatever an Employer is spending for the acquiring of his/her general official services or professional services rendered, as agreed upon mutually between the Employer and the Employee. Under this category, basic salary/pay, DA, VDA, HRA, Conveyance Allowance, Educational Allowance, Uniform Allowance (including washing Allowance) Refreshment Allowance, Medical or Medicine Expenses,EPF i.e., Employer's contribution of 12% and any other expenses involved as per the Organizations' policies. It is being calculated as per requirement either on per mensem or per annum.
From India, Pune
From India, Pune
Dear Cost to company means, what is the cost to company to manage one employee, position dosn't matter when calculating ctc of employee, it may be very person to person and position to position.
for calculating CTC, calculate all direct and indirect cost which company incured to manage one employee, it includes Salary+PF+ESI+Mediclaim & PA(if company takes)+Expenses+Perks+Perquisuite+Incentive+Bonus etc and divide them with the individual sales
From India, Ahmadabad
for calculating CTC, calculate all direct and indirect cost which company incured to manage one employee, it includes Salary+PF+ESI+Mediclaim & PA(if company takes)+Expenses+Perks+Perquisuite+Incentive+Bonus etc and divide them with the individual sales
From India, Ahmadabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
CTC CALCULATION SHEET.xls