could anybody tell me how to calculate the basic salary from ctc with formula....plz help me
From India, Delhi
12From India, Delhi
Recently im also working as a H.R with one company bt my specilisation is not finance.. need human resource policy and the criteria of payroll how to calculate when we have to provide only basic salary..plz anyone can provide me the format of leave policy 4 any organisation.
From India
From India
Reasonably good formula to adapt will be as under
1. 35% of CTC as Basic
2. 30% of CTc as Monthly allowances like HRA Conveyanc etc
3. 5% of CTC as annual benefits like LTA etc
4.20% of CTC as Bonus or Performance payment This will be a varaiable pay
5.10 of CTC towards PF Gratuity and other social securtiy measures
This formula generally works well Few modifications in percentages can be made to suit your requirements
T Sivasankaran
From India, Chennai
1. 35% of CTC as Basic
2. 30% of CTc as Monthly allowances like HRA Conveyanc etc
3. 5% of CTC as annual benefits like LTA etc
4.20% of CTC as Bonus or Performance payment This will be a varaiable pay
5.10 of CTC towards PF Gratuity and other social securtiy measures
This formula generally works well Few modifications in percentages can be made to suit your requirements
T Sivasankaran
From India, Chennai
Basic salary depends upon Grade/level of employee. It will differ from company to company. Every company has/may have a different slabs for various grades/levels of employees. Lower the grade lower is the basic salary. Basic salary may be 30% - 50% of gross/CTC.
Regards
From India, Hyderabad
Regards
From India, Hyderabad
The components of CTC differ from company to company.There is no such specific compulsory %age to be deemed as Basic from the Gross or CTC. In case of Minimum wages we take Basic Approx. 80-95% of Gross, while in other case i.e. higher slab it may deemed approx. 40-50% of Gross.
regards,
From India, Solan
regards,
From India, Solan
Dear Sir,
CTC includes Basic + Other allowances + Annual benefits + Fringe benefits. (Tota salary + Other emoluments) per annum.
CTC Differs from one concern to another concern as per their policy. Normally Basic Pay will be 30 to 50% of CTC % 12 = Per month emoluments as per Co.Policy.
D.Gurumurthy
LL,HR & IR Consultant
Hyderabad.
From India, Hyderabad
CTC includes Basic + Other allowances + Annual benefits + Fringe benefits. (Tota salary + Other emoluments) per annum.
CTC Differs from one concern to another concern as per their policy. Normally Basic Pay will be 30 to 50% of CTC % 12 = Per month emoluments as per Co.Policy.
D.Gurumurthy
LL,HR & IR Consultant
Hyderabad.
From India, Hyderabad
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Salary-Note.doc
SALARY SHEET CALCULATION.xls