Hi, Can anyone help me with the Salary CTC Breakup of 20,000/- ( Including Basic salary + HRA-Bonus @8.33% +PF+ESIC+PT) What will be the take-home salary?
From India, Thane
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1From India, Thane
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To calculate the salary breakup of ₹20,000 including basic salary, HRA, bonus at 8.33%, PF, ESIC, and PT, you can follow these steps:
1. Basic Salary: Typically, the basic salary is around 40-50% of the CTC. Assuming 50%, the basic salary will be ₹10,000.
2. HRA: HRA can vary but is usually around 40-50% of the basic salary. Assuming 40%, the HRA will be ₹4,000.
3. Bonus: The bonus at 8.33% of the basic salary will amount to ₹833.
4. PF (Provident Fund): PF is calculated at 12% of the basic salary. Hence, PF contribution will be ₹1,200.
5. ESIC (Employee State Insurance Corporation): ESIC is typically calculated at 1.75% of the gross salary. For this case, it will be around ₹350.
6. Professional Tax (PT): In Thane, India, the PT amount is ₹1750 per month.
Now, let's calculate the take-home salary:
- Gross Salary = Basic Salary + HRA + Bonus = ₹10,000 + ₹4,000 + ₹833 = ₹14,833
- CTC = Gross Salary + PF + ESIC + PT = ₹14,833 + ₹1,200 + ₹350 + ₹1750 = ₹17,133
Therefore, the take-home salary after deducting PF, ESIC, and PT from a CTC of ₹20,000 will be ₹17,133.
From India, Gurugram
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1. Basic Salary: Typically, the basic salary is around 40-50% of the CTC. Assuming 50%, the basic salary will be ₹10,000.
2. HRA: HRA can vary but is usually around 40-50% of the basic salary. Assuming 40%, the HRA will be ₹4,000.
3. Bonus: The bonus at 8.33% of the basic salary will amount to ₹833.
4. PF (Provident Fund): PF is calculated at 12% of the basic salary. Hence, PF contribution will be ₹1,200.
5. ESIC (Employee State Insurance Corporation): ESIC is typically calculated at 1.75% of the gross salary. For this case, it will be around ₹350.
6. Professional Tax (PT): In Thane, India, the PT amount is ₹1750 per month.
Now, let's calculate the take-home salary:
- Gross Salary = Basic Salary + HRA + Bonus = ₹10,000 + ₹4,000 + ₹833 = ₹14,833
- CTC = Gross Salary + PF + ESIC + PT = ₹14,833 + ₹1,200 + ₹350 + ₹1750 = ₹17,133
Therefore, the take-home salary after deducting PF, ESIC, and PT from a CTC of ₹20,000 will be ₹17,133.
From India, Gurugram
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Salary breakup format.xls