- What is the maximum limit of basic salary?
- What is in hand salary of SBI PO?
- What is CTC salary?
- What is CTC breakup?
- What is current CTC in job?
- How is salary break up calculated in CTC?
- Does CTC include PF?
- What is in hand salary of TCS fresher?
- How much of CTC is take home?
- How is CTC calculated?
- What is the take home salary for 12 lakhs?
- What is CTC and Inhand salary?
- What percentage of CTC should be basic?
- What is current CTC in resume?
What is the maximum limit of basic salary?
Rs.150006500 to Rs.
Employers have to revise the PF deductions from September 2014 onward for all employees whose basic salary is less than or equal to Rs.
What is in hand salary of SBI PO?
8.20 LakhsApproximately, a total of Rs 40000 to 42000 salary is the monthly in-hand salary of SBI PO. The Gross compensation received lies between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum. The amount varies with the location of job posting.
What is CTC salary?
Gross Salary: Subtract gratuity and the employee provident fund (EPF) from Cost to Company (CTC), the amount that you get is your Gross Salary. It is the amount that you get before deduction of income taxes and other deduction such as bonus, overtime pay, holiday pay etc.
What is CTC breakup?
CTC or Cost to Company is the total amount that a company spends (directly or indirectly) on an employee. … CTC is inclusive of monthly components such as basic pay, various allowances, reimbursements, etc. and annual components such as gratuity, annual variable pay, annual bonus, etc.
What is current CTC in job?
CTC stands for Cost to Company. It refers to the total amount of money an employer spends on the employee annually. So, your current CTC will comprise of the salary as well as all the additional benefits you will receive directly or indirectly during the year. … Basic Salary. House Rent Allowance.
How is salary break up calculated in CTC?
Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof. … Gross Salary = Cost to Company (CTC) – Employer’s PF Contribution (EPF) – Gratuity.Gratuity = (Basic salary + Dearness allowance) × 15/26 × No.More items…
Does CTC include PF?
CTC is not the actual salary of an employee, it also includes all the facilities an employee is getting during the service period. Thus, CTC mostly includes salary, leave travel allowance, bonus, house rent allowance, employer contribution of PF and medical reimbursements.
What is in hand salary of TCS fresher?
Tech and M. Tech would get TCS fresher salary of Rs. 3.34 lakh and Rs. 3.48 lakh respectively.
How much of CTC is take home?
Basic Salary: It is the employee’s basic income and is around 40%-50% of the total salary. The employer pays the employee for his skill, experience, and qualifications. The basic salary is a fixed component of the CTC (Cost To Company) package.
How is CTC calculated?
Hence CTC is a sum of Gross Salary and Benefits. … So we can represent CTC as a sum total of Earnings and Deductions. CTC = Earnings + Deductions. Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance.
What is the take home salary for 12 lakhs?
General Comparison Chart For Approximate Understanding by CkBandCTC (Yearly)In Hand SalaryA20 lakh1,15,000 per monthB15 lakh95,000 per monthC12 lakh82,000 per monthC10 lakh63,000 per month3 more rows
What is CTC and Inhand salary?
CTC is the amount a company spends on an employee and Gratuity is what it pays to the employee at retirement. However, Gross Salary is what a company pays to an employee before deductions and Net Salary is what an employee receives after deductions.
What percentage of CTC should be basic?
Usually, basic salary is 40% to 50% of CTC (Cost to Company). Statutory components such as bonus, PF, gratuity and other benefits are determined on the basis of the basic salary. Any increase or decrease of basic salary can affect an employee’s CTC. Is basic salary taxable?
What is current CTC in resume?
Hi, what is CTC? Someone asked me, so it’s Cost to Company which means your current package in the organization you are currently employed and ECTC an Expected Cost to Company for your future firm.