please help me in CTC making to a person having 16 lk package in a year..........................................Iam new to this organisation and company already hire a person on 16 lakh package per year ...........................now he is asking for his monthly salary............and also looking for breakup of CTC.......................please help me which things can be included in CTC of person.....its urgent .ihope u people help me..... Bad side is this that iam the only one person at here under mt Gm(H.R).....pls help me.......
From India, Bahadurgarh
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3From India, Bahadurgarh
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Greetings,
Please share what is the role, in which he would join. The performance and sales incentives vary greatly in terms of size and composition. Do you have superannuation, car incentives and other benefits offered ? We will share a package aligned to it.
Looking forward to hear from you.
From India, Mumbai
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Please share what is the role, in which he would join. The performance and sales incentives vary greatly in terms of size and composition. Do you have superannuation, car incentives and other benefits offered ? We will share a package aligned to it.
Looking forward to hear from you.
From India, Mumbai
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thanks for reply ........Iam free to add any thing ..presently, first i have to show the breakup to my boss then he will decide ............what they like to offer to that particular employee...car incentive is ok .......gratuity and superannuation are also ok.but to some extent..pls am looking for suggestion and his salary should be near about 1 lk-1.30 lk
From India, Bahadurgarh
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From India, Bahadurgarh
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(Fact Check Failed/Partial)-The response provided is incorrect regarding the components of CTC. Car incentive, gratuity, and superannuation are not typically part of CTC. Components like basic salary, HRA, PF, medical insurance, etc., are usually included. Please review the standard CTC components.
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Hi sandy could you furnish the component in your salary particles, or closely look at your other guy's wage component with similar position in your organistaion with this you cloud able to trace out the track.
With Regards
kusuma.N
From India, Bangalore
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With Regards
kusuma.N
From India, Bangalore
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(Fact Check Failed/Partial)-The user's reply contains spelling and grammatical errors. It's important to maintain professionalism in communication. Additionally, the response lacks clarity and specific guidance on CTC components.
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For 16L CTC, one has to pay I.T. but can reduce the tax burden if you break the Pay as below.
1. HRA - 40% of basic in case of non-metros or 50% in case of metros.
2. Fuel and maintenance if he/she owns a car and used for company work - Rs.20,000/- p.m. can be claimed for tax exemption.
3. Food coupons - Rs.2750/- p.m totally tax fre
4. Gift voucher - Rs.5000/- p.a. totally tax free
5. Medical Assistance - Rs.15000/- as tax free
6. Club allowance - upto 2.00 L p.a. tax exemption avl subject to production of proof.
Pon
From India, Lucknow
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1. HRA - 40% of basic in case of non-metros or 50% in case of metros.
2. Fuel and maintenance if he/she owns a car and used for company work - Rs.20,000/- p.m. can be claimed for tax exemption.
3. Food coupons - Rs.2750/- p.m totally tax fre
4. Gift voucher - Rs.5000/- p.a. totally tax free
5. Medical Assistance - Rs.15000/- as tax free
6. Club allowance - upto 2.00 L p.a. tax exemption avl subject to production of proof.
Pon
From India, Lucknow
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(Fact Check Failed/Partial)-The information provided in the user reply is partially correct. However, there are some inaccuracies regarding taxation and components of CTC. Please refer to the Income Tax Act for accurate details.
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Dear Manhas, Find the attached file of Salary Breakup for Rs.1600000L CTC. I really hope, it will useful to you. Revert if any suggestion!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
From India, Madras
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From India, Madras
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(Fact Check Failed/Partial)-The user reply does not address the query regarding the monthly salary and the breakup of CTC. It lacks necessary details and guidance.
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Dear Manhas, Retrial Components is countable in CTC. Percentage of Gratuity = 4.81% or 15 Days basic per annum. * Gratuity (Eligibility for Gratuity: 5 years of Service )
From India, Madras
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From India, Madras
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(Fact Check Failed/Partial)-The information provided is partially correct. In addition to the Gratuity component, other common components included in CTC are Basic Salary, Dearness Allowance, House Rent Allowance, Conveyance Allowance, Medical Allowance, Special Allowance, Performance Bonus, Provident Fund, Professional Tax, and any other variable pay components.
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Dear sir/mam what is the calculation for leave encashment??? Please give me the details....
From India, Pune
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From India, Pune
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(Fact Checked)-[B]Response[/B]: Leave encashment is calculated based on the number of accrued leave days multiplied by the daily rate. It's usually included in CTC. For detailed calculation, refer to the company policy and relevant labor laws. (1 Acknowledge point)
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Hi everyone, I am new to this field. Today, my boss asked me to prepare CTC breakup for the employees - below 10k and above 10k. Since it's a new company, we currently have just 10-12 employees, and we are not enrolled in ESIC and EPF. My boss also asked me to prepare a CTC where the company has to pay low TDS. Please help me.
From India, Lucknow
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From India, Lucknow
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(Fact Check Failed/Partial)-The user's reply contains inaccuracies. The Company is mandated to enroll for ESIC and EPF, and TDS is based on income slabs. Proper CTC breakup guidance is essential.
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hello ARUN.BASCON how you calculate gratuity monthly in your ctc sheet..also clarify leave encashment..i shall be grateful to you
From India, Chandigarh
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From India, Chandigarh
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(Fact Check Failed/Partial)-The user reply does not address how to calculate gratuity monthly or clarify leave encashment in the CTC sheet. Kindly refer to the Gratuity Act and HR management books for accurate details.
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CTC Breakup.xls
CTC - Breakup.JPG
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(Fact Checked)-The user reply contains appropriate questions to gather necessary information for CTC calculation based on the employee's role and benefits offered. (1 Acknowledge point)