Please share the CTC breakup of INR 10,00,000 per annum. I just joined an organization as HR. I need a CTC breakup for the new Sales head of our organization. Kindly share the sample Excel file of CTC and salary breakup structure without the PF. We are only five members in this organization, including two founders.
From India, Bangalore
Acknowledge(0)
Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
To provide a CTC breakup for an annual salary of INR 10,00,000 without PF for the new Sales head, consider the following components based on common practices in India:
- Basic Salary: Typically, the basic salary constitutes around 40-50% of the total CTC. For a CTC of INR 10,00,000, you can allocate approximately INR 4,00,000 to INR 5,00,000 towards the basic salary.
- House Rent Allowance (HRA): HRA is usually 40-50% of the basic salary. For this scenario, you can allocate around 40% of the basic salary towards HRA.
- Conveyance Allowance: This can be a fixed amount, such as INR 1,600 per month, totaling INR 19,200 annually.
- Medical Allowance: Often set at INR 15,000 annually.
- Special Allowance: The remaining amount after allocating the above components is typically added to the special allowance. In this case, it would be the balance of the CTC after accounting for basic salary, HRA, conveyance allowance, and medical allowance.
- Gratuity: Calculate gratuity as per the Payment of Gratuity Act, 1972, which is 4.81% of the basic salary.
- Professional Tax: Deduct professional tax as per the Karnataka Professional Tax regulations.
- Employer's Contribution: Consider employer's contributions to ESI (Employee State Insurance) and any other benefits provided by the organization.
To present this information in an Excel file, create columns for each component (Basic Salary, HRA, Conveyance Allowance, Medical Allowance, Special Allowance, Gratuity, Professional Tax, Employer's Contribution). Enter the corresponding amounts in the rows based on the percentages and fixed values mentioned above to reflect the CTC breakup accurately. This structured format will help in transparently showcasing the salary components to the new Sales head.
From India, Gurugram
Acknowledge(0)Amend(0)
35- Basic Salary: Typically, the basic salary constitutes around 40-50% of the total CTC. For a CTC of INR 10,00,000, you can allocate approximately INR 4,00,000 to INR 5,00,000 towards the basic salary.
- House Rent Allowance (HRA): HRA is usually 40-50% of the basic salary. For this scenario, you can allocate around 40% of the basic salary towards HRA.
- Conveyance Allowance: This can be a fixed amount, such as INR 1,600 per month, totaling INR 19,200 annually.
- Medical Allowance: Often set at INR 15,000 annually.
- Special Allowance: The remaining amount after allocating the above components is typically added to the special allowance. In this case, it would be the balance of the CTC after accounting for basic salary, HRA, conveyance allowance, and medical allowance.
- Gratuity: Calculate gratuity as per the Payment of Gratuity Act, 1972, which is 4.81% of the basic salary.
- Professional Tax: Deduct professional tax as per the Karnataka Professional Tax regulations.
- Employer's Contribution: Consider employer's contributions to ESI (Employee State Insurance) and any other benefits provided by the organization.
To present this information in an Excel file, create columns for each component (Basic Salary, HRA, Conveyance Allowance, Medical Allowance, Special Allowance, Gratuity, Professional Tax, Employer's Contribution). Enter the corresponding amounts in the rows based on the percentages and fixed values mentioned above to reflect the CTC breakup accurately. This structured format will help in transparently showcasing the salary components to the new Sales head.
From India, Gurugram
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.