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CTC Calculation

The document provides information on calculating an employee's Cost to Company (CTC). It outlines the steps to calculate monthly earnings which include basic salary, housing allowance, conveyance allowance, and special pay. It also lists deductions like provident fund, employee state insurance, and professional tax. Annual earnings such as medical reimbursement, leave travel allowance, and meal vouchers are calculated separately. The net monthly take-home salary is calculated by deducting these monthly and annual payroll amounts from the gross salary.

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sunilboyala
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138 views

CTC Calculation

The document provides information on calculating an employee's Cost to Company (CTC). It outlines the steps to calculate monthly earnings which include basic salary, housing allowance, conveyance allowance, and special pay. It also lists deductions like provident fund, employee state insurance, and professional tax. Annual earnings such as medical reimbursement, leave travel allowance, and meal vouchers are calculated separately. The net monthly take-home salary is calculated by deducting these monthly and annual payroll amounts from the gross salary.

Uploaded by

sunilboyala
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CTC Calculation

Kindly go through the Salary breakup given below, you would get some idea about
CTC Calculation. You can further change it according to your salary structure and
perks.
Regards,
Pushpendra Soni...

STEP 1

I’m Sending the Pay structure per month.

S.No EARNINGS
1 Basic 50% of Gross
2 HRA 40% of Basic "If Gross<=3000 then 30%"
3 C.A. 40% of Basic
4 Medical Basic/12
5 Educational SALARY RANGE AMOUNT
UPTO GROSS SALARY 3000/- TO 15000/- 200/-
UPTO GROSS SALARY 15000/- TO 18000/- 500/-
UPTO GROSS SALARY 18000/- TO 30000/- 1000/-
UPTO GROSS SALARY 30000/- 1500/-
6 S.P.A. Basic+HRA+C.A.+Medical+Educ. - Gross

DEDUCTIONS

1 P.F. 12% on Basic

2 E.S.I. 1.75% on Gross, If Gross <=7500

3 P.Tax Salary up to 2001 Rs. 16.00


Salary up to 3001 Rs. 25.00
Salary up to 4001 Rs. 35.00
Salary up to 5001 Rs. 45.00
Salary up to 6001 Rs. 60.00
Salary up to 10001 Rs. 80.00
Salary up to 15001 Rs. 100.00
Salary up to 20001 Rs. 150.00
Salary above 20001 Rs. 200.00

Steps 2

Payroll is divided in two parts viz

Monthly payroll which includes the following

* Basic salary
* HRA
* Conveyance
* Special allowance

Annual payroll
* Medical Reimbursement
* LTA
* Meal Vouchers

In payroll on monthly basis - monthly break up is paid and is subject to the following
deductions viz:-

Monthly payroll
minus -
Provident Fund which is 12% of basic salary
Profesional Tax
Income Tax -
Other deductions - which can be loan or advance etc.

Net take home - Rs ....

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