Dear Seniors,
I m Nadeem Ahmad working as HR Executive, the problem is in our company salary calculation system gross salary base not CTC base. If suppose a worker salary structure in company Basic Rs. 8200/- HRA Rs. 2300/- & Conv. Rs. 2000/- Gross Total Rs. 12500/- ESI & PF deduction is 219 + 780, and he get in hand Rs. 11501/- then plz tell me what will be actual CTC for this.
Regards
Nadeem
From India, New Delhi
20I m Nadeem Ahmad working as HR Executive, the problem is in our company salary calculation system gross salary base not CTC base. If suppose a worker salary structure in company Basic Rs. 8200/- HRA Rs. 2300/- & Conv. Rs. 2000/- Gross Total Rs. 12500/- ESI & PF deduction is 219 + 780, and he get in hand Rs. 11501/- then plz tell me what will be actual CTC for this.
Regards
Nadeem
From India, New Delhi
Hi, You will get the CTC by adding the employer’s contributions towards EPF, ESI and other headings if any, along with the employee’s gross salary...
From India, Chennai
From India, Chennai
Dear Nadeem,
Cost to Company means.................
Allowances (A)
Basic Rs 8200
HRA Rs 2300
Conveyance Allowance Rs 2000
--------------
Gross Salary Rs 12500
--------------
Provisions (B)
PF@12% Rs 780
ESI@4.75% Rs 594
Leave Pay Rs Nil
Gratuity Rs Nil
Bonus (8.33% or 20%) Rs
----------------
Total Rs 1374
-----------------
Cost to Company (C) Rs 13874
-----------------
Regards
From India, Rajamahendri
Cost to Company means.................
Allowances (A)
Basic Rs 8200
HRA Rs 2300
Conveyance Allowance Rs 2000
--------------
Gross Salary Rs 12500
--------------
Provisions (B)
PF@12% Rs 780
ESI@4.75% Rs 594
Leave Pay Rs Nil
Gratuity Rs Nil
Bonus (8.33% or 20%) Rs
----------------
Total Rs 1374
-----------------
Cost to Company (C) Rs 13874
-----------------
Regards
From India, Rajamahendri
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