Hi All.
My Knowledge in this subject is very little. so forgive me if questions are silly or stupid. But i would appreciate , if some one can give me correct advice
What i understand about CTC is that , it is the maximum amount a company would pay for a employee
for example if somebody is paid 15000 Per Month as CTC, then that will include his basic salary, other benefits, the employees contribution of PF & ESI part as well as employers contribution included in the 15000 . Is this correct
If the above is correct, can some one direct me to a excel calculator, where if i put 15000 the CTC amount , it will show me the basic , HRA, Conveyance and tax benefits components as well as calculate the correct PF and ESI contributions
All help is Much appreciated
Tijo
From India, Ernakulam
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1My Knowledge in this subject is very little. so forgive me if questions are silly or stupid. But i would appreciate , if some one can give me correct advice
What i understand about CTC is that , it is the maximum amount a company would pay for a employee
for example if somebody is paid 15000 Per Month as CTC, then that will include his basic salary, other benefits, the employees contribution of PF & ESI part as well as employers contribution included in the 15000 . Is this correct
If the above is correct, can some one direct me to a excel calculator, where if i put 15000 the CTC amount , it will show me the basic , HRA, Conveyance and tax benefits components as well as calculate the correct PF and ESI contributions
All help is Much appreciated
Tijo
From India, Ernakulam
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try the following link. you will get some basic information.
Design pay structure
From India, Gurgaon
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Design pay structure
From India, Gurgaon
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CTC refers to "COST TO COMPANY” including Gross Salary (Basic, HRA, DA, and EPF & ESIC) + other incentives that are provided from the firm. Incentives include conveyance meal, medical facilities, phone facilities, house facilities, travel allowance etc.
For more, I request you to please go to the links below posted.
https://www.citehr.com/40677-what-ctc.html
https://www.citehr.com/352391-what-ctc.html
https://www.citehr.com/373730-what-p...-employee.html
https://www.citehr.com/53414-what-di...gross-pay.html
https://www.citehr.com/19141-ctc-gross-salary.html
From India, Gurgaon
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For more, I request you to please go to the links below posted.
https://www.citehr.com/40677-what-ctc.html
https://www.citehr.com/352391-what-ctc.html
https://www.citehr.com/373730-what-p...-employee.html
https://www.citehr.com/53414-what-di...gross-pay.html
https://www.citehr.com/19141-ctc-gross-salary.html
From India, Gurgaon
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls
Typical salary breakup.jpg