WebNov 27, 2024 · CTC means Cost To Company. The total cost that a company would incur, on an employee, in a year. ... Benefits refer to the amount paid to the employee monthly by the employer which forms part of his/her take-home or net salary and is subject to government taxes. ... Cost to Company = Gross Salary + Benefits: 6,75,000 + 109600 … WebSep 2, 2024 · 1.BASIC SALARY. @30% – 45% Of fixed CTC (excluding bonus/Variable) 2. HOUSE RENT ALLOWANCE. @40% of Basic Salary. 3.CONVEYANCE ALLOWANCE. INR 1600 per month. 4.SPECIAL ALLOWANCE. Balance amount after adjustment of allowances and Retrials.
Gross Pay vs. Net Pay: Definitions and Examples
Web330,000. Net salary (gross – deduction) 269,900. Monthly take home salary. 22,491. There with these hypothesis we get to know that for an individual whose CTC is 3,88,440 would get about 22,491 per month i.e. 2,69,900 which is about 70% of the CTC. WebDifference Between Gross Salary and Net Salary. Gross salary is the salary before income tax deduction (Fed and state taxes), Social Security (FICA Tax – payroll tax), … dark brown wood grain
What is CTC in Salary and How is Basic Calculated? - SumoPayroll
WebNov 27, 2024 · CTC means Cost To Company. The total cost that a company would incur, on an employee, in a year. ... Benefits refer to the amount paid to the employee monthly … WebNet Salary Formula Calculation Net Salary (or Take Home Salary) = CTC (Cost to Company) – EPF (Employee Provident Fund) – Retirals – Deductions – Income Tax … WebCTC = gross salary + benefit: 446,880: Break up of take home salary: Deductions/take home salary Amount Tax (10% of taxable amount) 28,800 Employee provident fund (12% of basic salary) 28,800 Professional tax: 2,500 Total deduction: 60,100 Gross salary: 330,000 Net salary (gross - deduction) 269,900 biscuit factory in west bengal