Fixed ctc example
WebExample of Calculation of In-Hand Salary From CTC Let us Assume Mr X is offered a CTC of Rs. 9 Lakhs per year. The breakup of the CTC components has been given as follows - Basic Pay = Rs. 4,50,000 House Rent Allowance (HRA) = Basic Pay x 30% = 4,50,000 x 30% = Rs. 1,35,000 Special Allowances = Rs. 2,46,000 Food Coupons = Rs. 15,000 per … WebJun 9, 2024 · 50% of ctc: 15000: pf employee contribution: 1800: hra: 50% of hra: 7500: pf employer contribution: 1800: leave travel allowance: fixed amount: 3000: special …
Fixed ctc example
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There are no specific answers to how to answer your expected CTC. You can use your discretion to answer it in a way that is clear and leaves no doubt. Here are a few examples to provide context as you research average salaries and determine what response is best for you: 1. Example 1: "While I am certainly … See more When you prepare for an interview, it is prudent to understand how to answer your expected CTC. It is also beneficial for you to research the company, its vision, products, services, … See more The primary reason for interviewers asking this question in the initial stages is for screening purposes. Businesses give a set of guidelines like qualifications, experience, skills and salary range to recruiters to screen … See more A recruiter may ask you this question in the initial round of an interview, if you are a fresher or applying for an entry-level job. A hiring manager or a senior manager may ask you this … See more WebOct 24, 2024 · CTC = Gross Salary +PF + Gratuity + Other Indirect Benefits. Here are the other components of salary used while calculating payroll. Basic Salary; Basic salary of …
WebJan 3, 2024 · For example- your CTC is Rs 12,00,000 per annum. You will not receive simply Rs 1,00,000 per month (Rs 12,00,000 / 12 months). This is because there are other deductions from your CTC. The difference between your CTC and take home salary is of the taxes deducted by the employer and exemptions You take home salary will be: Gross … WebMar 28, 2024 · Fixed pay includes basic pay, dearness allowance (DA), house rent allowance (HRA), conveyance allowance, and other special allowances, etc. A good example of variable pay is the portion of compensation determined by …
WebOct 24, 2024 · CTC = Gross Salary + Health Insurance + EPF Basic = 40% of CTC amount DA = 55% of basic salary HRA = 50% of basic salary in metro city Health insurance Total Allowances = HRA + medical + transport allowance + LTA + special allowance Gross Salary = Basic salary + allowances TDS = 10% of gross salary EPF = 12% of (basic salary + DA) WebSep 19, 2024 · For an employee with a CTC of ₹15,00,000 per year, a typical salary structure may be as follows: CTC = gross salary + EPF + health insurance = ₹12,11,200 + ₹1,11,451.2 + ₹177348.8 = ₹15,00,000 per year Basic = 40% of CTC amount = ₹5,99,200 per year DA = 55% of basis salary = ₹3,29,560 per year
WebApr 4, 2024 · The costs that go into the CTC include: direct benefits indirect benefits saving contributions Direct Benefits Direct benefits are paid to the employee or on his or her …
WebAug 25, 2024 · Take a look at your CTC break-up and you will find fixed heads like basic pay (usually 40-50% of the CTC), home rent allowance (usually 40-50% of the basic … ra wessingWebAs such there is no fixed formula to calculate basic salary, but based on a few factors, the basic salary of an employee is calculated. Generally, basic salary is 40% to 50% of CTC … simple crochet hat patterns freeWebJul 19, 2024 · Sample answer #1 “ My current CTC is 7.4 LPA which includes my annual entitlements of 10K LTA reimbursements, Gratuity, Group Medical Insurance of 11.5K, and Annual Management bonus of 50K. simple crochet pattern for mountainsWebMar 13, 2024 · Let us take a brief overview of what Fixed Pay and Variable Pay mean. Fixed Pay is predefined and fixed and you will get the same salary which has been … raw essentials whittingtonWebAug 5, 2024 · CTC = Gross Salary + PF + Gratuity. Let us now discuss common salary components: Recommended Read: Work-Life Balance vs Salary Offered- How to … simple crochet market bagWebTo calculate the take-home salary, you must enter the Cost To Company (CTC) and the bonus, if any, as a fixed amount or a percentage of the CTC. For example, your Cost To Company (CTC) is Rs 8 lakh. The employer gives you a bonus of Rs 50,000 for the financial year. Then your total gross salary is Rs 8,00,000 – Rs 50,000 = Rs 7,50,000 (the ... raw essentials silverdaleWebDec 20, 2024 · Example: If the company is spending INR 7000 per month on the cubicle that you would sit in at your work location, they would add the yearly rent in your CTC. Your work location rent is also part of FAT CTC … simple crochet potholder instructions