HI,
Please do let me know if some one is having 15000/- as his CTC then how should one make the slary stackup if the company has the following:
Basic:
HRA:
Conveyance:
ESIC:
Bonus: 417 (by default)
PT: 200
What will the take home. Please give the details also if the CTC is 9000/-
Also want to add if the CTC is 7800/- pm then is the below calculation correct:
Employee Earnings: MONTHLY
Basic 5516
House Rent Allowance 900
Conveyance Allowance 0
Special Allowance 0
Medical Reimbursement 0
Conveyance Reimbursement 0
Total Gross Earnings {A} 6416
Employer Contribution:
Employees Provident Fund (12%) 662
Employer ESIC (4.75%) 305
Bonus 417
Total Employer Deductions: 1384
Cost to Company 7800
Less Employee Deductions:
Employer Provident Fund (12%) 662
Employees ESIC (1.75%) 112
Professional Tax 175
Total Employee Deductions: {C} 949
Total Net Earnings {A-C} 5467
Basic:
HRA:
Conveyance:
ESIC:
PF:
Bonus: 417 (by default)
PT: 200
From India, Mumbai
Please do let me know if some one is having 15000/- as his CTC then how should one make the slary stackup if the company has the following:
Basic:
HRA:
Conveyance:
ESIC:
Bonus: 417 (by default)
PT: 200
What will the take home. Please give the details also if the CTC is 9000/-
Also want to add if the CTC is 7800/- pm then is the below calculation correct:
Employee Earnings: MONTHLY
Basic 5516
House Rent Allowance 900
Conveyance Allowance 0
Special Allowance 0
Medical Reimbursement 0
Conveyance Reimbursement 0
Total Gross Earnings {A} 6416
Employer Contribution:
Employees Provident Fund (12%) 662
Employer ESIC (4.75%) 305
Bonus 417
Total Employer Deductions: 1384
Cost to Company 7800
Less Employee Deductions:
Employer Provident Fund (12%) 662
Employees ESIC (1.75%) 112
Professional Tax 175
Total Employee Deductions: {C} 949
Total Net Earnings {A-C} 5467
Basic:
HRA:
Conveyance:
ESIC:
PF:
Bonus: 417 (by default)
PT: 200
From India, Mumbai
Hi,
Also wanted to add up on If I calculate the CTC as per the given format so is it correct for eg:
CTC 7800/-pm
Employee Earnings: MONTHLY YEARLY
Basic Rs 5516 66192
House Rent Allowance Rs 900 10800
Conveyance Allowance Rs 0 0
Special Allowance Rs 0 0
Medical Reimbursement Rs 0 0
Conveyance Reimbursement Rs 0 0
Total Gross Earnings {A} Rs 6416 76992
Employer Contribution:{B}
Employees Provident Fund Rs 662 7943
Employer ESIC (4.75%) Rs 305 3657
Bonus Rs 417 5004
Total Employer Deductions: Rs 1384 16604
Cost to Company Rs 7800 93596
Less Employee Deductions:
Employer Provident Fund Rs 662 7943
Employees ESIC (1.75%) Rs 112 1347
Professional Tax Rs 175 2100
Total Employee Deductions: {C}Rs 949 11390
Total Net Earnings {A-C} Rs 5467 65602
From India, Mumbai
Also wanted to add up on If I calculate the CTC as per the given format so is it correct for eg:
CTC 7800/-pm
Employee Earnings: MONTHLY YEARLY
Basic Rs 5516 66192
House Rent Allowance Rs 900 10800
Conveyance Allowance Rs 0 0
Special Allowance Rs 0 0
Medical Reimbursement Rs 0 0
Conveyance Reimbursement Rs 0 0
Total Gross Earnings {A} Rs 6416 76992
Employer Contribution:{B}
Employees Provident Fund Rs 662 7943
Employer ESIC (4.75%) Rs 305 3657
Bonus Rs 417 5004
Total Employer Deductions: Rs 1384 16604
Cost to Company Rs 7800 93596
Less Employee Deductions:
Employer Provident Fund Rs 662 7943
Employees ESIC (1.75%) Rs 112 1347
Professional Tax Rs 175 2100
Total Employee Deductions: {C}Rs 949 11390
Total Net Earnings {A-C} Rs 5467 65602
From India, Mumbai
Also want to add if the CTC is 7800/- pm then is the below calculation correct:
Employee Earnings: MONTHLY
Basic 5516
House Rent Allowance 900
Conveyance Allowance 0
Special Allowance 0
Medical Reimbursement 0
Conveyance Reimbursement 0
Total Gross Earnings {A} 6416
Employer Contribution:
Employees Provident Fund (12%) 662
Employer ESIC (4.75%) 305
Bonus 417
Total Employer Deductions: 1384
Cost to Company 7800
Less Employee Deductions:
Employer Provident Fund (12%) 662
Employees ESIC (1.75%) 112
Professional Tax 175
Total Employee Deductions: {C} 949
Total Net Earnings {A-C} 5467
From India, Mumbai
Employee Earnings: MONTHLY
Basic 5516
House Rent Allowance 900
Conveyance Allowance 0
Special Allowance 0
Medical Reimbursement 0
Conveyance Reimbursement 0
Total Gross Earnings {A} 6416
Employer Contribution:
Employees Provident Fund (12%) 662
Employer ESIC (4.75%) 305
Bonus 417
Total Employer Deductions: 1384
Cost to Company 7800
Less Employee Deductions:
Employer Provident Fund (12%) 662
Employees ESIC (1.75%) 112
Professional Tax 175
Total Employee Deductions: {C} 949
Total Net Earnings {A-C} 5467
From India, Mumbai
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