I have some queries related to CTC.
Suppose X is getting 22000 as monthly CTC. He is not willing to take ESIC facilities. How can I structure his salary so that he will be out of ESIC?
Please check the format if it is correct or wrong:
1) Basic - 30% of CTC
2) HRA - 40% of basic
3) Medical Allowance - 1250
4) Conveyance Allowance - 1600
5) Mobile Allowance - 400
6) Special Allowance
Gross salary = 1 + 2 + 3 + 4 + 5
Gross salary - 12% of Basic as employee's contribution - P.T. = Net take-home
Gross salary + 13.16% of Basic as employer's contribution = CTC
From India, Kolkata
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2Suppose X is getting 22000 as monthly CTC. He is not willing to take ESIC facilities. How can I structure his salary so that he will be out of ESIC?
Please check the format if it is correct or wrong:
1) Basic - 30% of CTC
2) HRA - 40% of basic
3) Medical Allowance - 1250
4) Conveyance Allowance - 1600
5) Mobile Allowance - 400
6) Special Allowance
Gross salary = 1 + 2 + 3 + 4 + 5
Gross salary - 12% of Basic as employee's contribution - P.T. = Net take-home
Gross salary + 13.16% of Basic as employer's contribution = CTC
From India, Kolkata
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