Hi, Anyone can brief me the Break - ups of CTC offered, what is percentage of CTC components like Basic, HRA, PF, ESI and etc. Regards Krishna
From India, Bangalore
From India, Bangalore
Hi Krishna,
The components of the salary break up may be as below, you can prepare it at the suitability of your own. HRA would be 40 or 50% of basic.
Basic
HRA 40 - 50% is exempted from Taxes, depends on class of city
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.
Hope it must helped you to clear your queries up to some extent.
Regards,
Amit Seth.
From India, Ahmadabad
496The components of the salary break up may be as below, you can prepare it at the suitability of your own. HRA would be 40 or 50% of basic.
Basic
HRA 40 - 50% is exempted from Taxes, depends on class of city
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.
Hope it must helped you to clear your queries up to some extent.
Regards,
Amit Seth.
From India, Ahmadabad
Dear Mr.Deepak, Hope your doing good. I was looking for the details of salary Break-ups, i gone through your message. It is very useful for me. Thanks, Regards N.Krishna Kumar HR - Recruitment
From India, Bangalore
From India, Bangalore
Dear Amit, Fine! Hope your doing good? what are the things included in Gross Salary? what are the things included in CTC? what are the things included in Net Pay?. Plz clarify? Regards Krishna
From India, Bangalore
From India, Bangalore
Hi All,
I am having some confusion on salary break ups. I have already went thru all the above updates. But I want to know what is the exact percentage of Basic salary on our total CTC. It could be according to the rule fixed by indian govt. (for Eg., if my sal is 25K per month wht would be my Basic salary...........
From India, Bangalore
I am having some confusion on salary break ups. I have already went thru all the above updates. But I want to know what is the exact percentage of Basic salary on our total CTC. It could be according to the rule fixed by indian govt. (for Eg., if my sal is 25K per month wht would be my Basic salary...........
From India, Bangalore
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CTC-Salary Break Up.pdf
CTC Break up.xls