Net Salary Calculation From Ctc

Basic + DA: 9666.666667HRA: 3866.666667Conveyance: 800Medical Reimbursement: 1250Special Allowances: 6380Gross: 21963EPF (12% of Basic): 1160ESI (Equivalent to 4.75% of Gross): 1043CTC: 24166.66667DeductionsEPF (12% of Basic): 1160ESI (1.75% of Gross): 384Total ...

Dear Vaishali,Generally, salary breakdown depends on CTC. Here is a simple way to calculate the monthly salary:- CTC/12, e.g., 240,000/12 = 20,000 (this would be the gross salary).- On the gross salary, you have to calculate HRA, PF, Basic Salary, and TA.- Basic...

Basic + DA 9468.266667 HRA 3787.306667 Conveyance 800 Medical Reimbursement 1250 Special Allowances 6207 Gross 21513 EPF (12% of Basic) - 1136 ESI (Equivalent to 4.75% of Gross) 1022 CTC 23670.66667 Deductions EPF (12% of Basic) 1136 ESI (1.75% of Gross) 377 Tot...

I want to know if my net pay (in-hand salary) would be 20k. What will be the calculations?

Dear Vaishali,There is no standard breakup formula. It differs from company to company. However, I am enclosing a salary breakup for your knowledge.Regards,Ranjeet

Dear Sir,I am new in HR. Please provide me with the breakdown calculation for CTC. For example, if my salary is 14500 CTC, kindly explain how to bifurcate it. Your prompt response would be highly appreciated.Thank you,Vaishali

To reverse calculate Cost to Company (CTC) from the Net Salary, you need to understand the components of CTC and how they contribute to the total salary package. Here's a practical step-by-step guide to help you with this process:**Step-by-Step Guide:**1\. 📉 Id...