Ctc and fixed pay

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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 … WebAug 26, 2024 · Take a look at your CTC break-up and you will find fixed heads like basic pay (usually 40-50 per cent of the CTC), home rent allowance (usually 40-50 per cent of the basic salary), gratuity, PF, and reimbursements such as car fuel and mobile bills, apart from variable components such as annual bonus and performance bonus.

What is the meaning of 11 lakhs CTC? - Quora

WebJul 9, 2024 · Here are some important steps on how to answer your expected CTC: 1. Understand the components of CTC. The CTC is a company's total expenditure on an employee, including monetary and non-monetary expenses. Basic salary, allowances and deductibles are the three major components of CTC. Basic pay is normally not more … WebFor FY-2024–21 if your CTC is Rs.16 LPA (Fixed) then your approximately in hand salary will be without any investment as under: As per old tax regime your in hand salary will be Rs.1,04,857/- approx per month. As per alternative tax regime your in hand salary will be Rs.1,09,431/- approx per month. Continue Reading Ayan Mallick how big should a landing be

What is CTC? and How to calculate it? - FactoHR

WebJul 28, 2024 · It may be noted that the CTC and take home salary vary as CTC is the sum total of direct benefits (basic salary, dearness allowance, conveyance allowance, medical allowance, leave travel allowance, HRA, communication allowance etc.), indirect benefits (food coupons, income tax saving, medical and life insurance premiums paid by … WebOct 24, 2024 · Fixed Salary Component: CTC (Up to 5 Lakhs) CTC (From 5 to 10 Lakhs) CTC (Above 10 Lakhs) PF: PT: ESIC: LWF: Basic (Revised) Taxable (50% of CTC) or … WebDec 6, 2013 · I am going to join a new company, so I wanted to give my CTC 1 details to them. In my current company I am getting a salary of sum of Basic & Variable pay, where variable pay depends on how many hours I effectively worked for the company. ... 2000 ----- Total basic (fixed) monthly pay: 15,000 Total basic (fixed) annual pay: 15,000 x 12 ... how big should a litter box be for a cat

Difference between Take-Home, Net, Gross Salary & CTC

WebJun 9, 2024 · Components of Salary Breakup Structure. 1. Basic Salary. The basic salary is the fixed component of the salary, excluding any benefits and privileges. It can vary depending on the job location, industry and designation. It accounts for around 40-60% of the CTC and is fully taxable. how big should a lizard cage beWebFeb 8, 2024 · Out of which you are getting Rs. 25,000 as fixed pay and Rs. 5,000 as variable pay. ... Employers are not mandated to pay the full variable pay mentioned in the CTC as it is linked to your performance, your team’s performance, or your company’s profit. The employee is eligible to receive full variable payment only if all the parameters are met. how many oysters in bushel

"WebMay 11, 2024 · At the junior level, the component of variable pay usually falls in the range of 10% to 15% of the fixed pay. As the employees get promoted, their variable pay component increases. So, the figure increases and falls from 15% to 30% at the middle level, which goes up between 30% to 50% at the senior level. Different forms of variable pay " - Ctc and fixed pay

Ctc and fixed pay

Understand your CTC and negotiate for better pay - CNBC TV18

WebGross Salary. The amount received post subtracting gratuity and the employee provident fund (EPF) from Cost to Company (CTC) is called as Gross Salary. In other words, Gross Salary is the amount paid before deduction of taxes or deductions and is inclusive of bonuses, over-time pay, holiday pay etc. The EPF, in India, is an employee-benefit ... WebCTC is considered a variable pay as it varies based on various factors and thus when the CTC varies, the take-home salary or net salary of the employee varies. ... Fixed Deposit. SBI Fixed Deposit HDFC Fixed Deposit Axis Fixed Deposit Post Office Fixed Deposit Senior Citizen Fixed Deposit 5 Years FD Interest Rates Monthly Income FD Schemes.

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WebJun 24, 2024 · The payment (salary) can be broken up into different sub-components such as Cost to Company (CTC), take-home salary, gross salary and net salary. By the end of this article, we shall know the difference between CTC and gross salary. If the employees receive payment at fixed intermissions, it is denoted as an annual sum. WebSep 14, 2024 · Different Pay Frequencies. There are different types of pay frequencies when it comes to paying a salary or a wage to an employee. ... net salary, and CTC …

WebHowever, The confusion between gross salary and basic pay is often caused. The basic pay is the employee’s income before any additions and deductions. ... Fixed DA: the amount of the allowance is fixed in the … WebMar 3, 2024 · Adding the basic salary and all the monthly allowance bits will provide your fixed salary component. It can also be done from the CTC (cost-to-company) details, although it usually depicts the annual figures. So, you will need to add the yearly basic + allowances & then divide the sum by 12 to get your monthly fixed salary.

WebFixed is certain amount that you will sure get from the company (After deducting PF and Tax) and Variables you won't get 100%, organization will provide a percentage of the … WebApr 13, 2024 · The gratuity account is funded with a fixed percentage of your salary. The final gratuity amount is calculated based on your most recently drawn basic salary. Professional Tax: This is a direct tax you must pay to the state government, with a maximum payment of Rs. 2,500 per year. Process to Calculate In-Hand Salary from CTC

WebMar 15, 2024 · This is in fact base income, and this is fixed according to an employee's level which depends on which sector he/she is working with. Gross salary. The amount …

WebJan 25, 2024 · So the base salary and CTC salary mean the same thing. For example, in the private sector, if a company is paying the following INR 50,000 and providing some … how big should a light over dining table beWebMar 13, 2024 · Variable pay is generally a percentage component of the employee’s fixed salary that he will get on a quarterly or yearly basis depending upon the company’s … how big should a logo be on a t shirtWebJun 24, 2024 · The payment (salary) can be broken up into different sub-components such as Cost to Company (CTC), take-home salary, gross salary and net salary. By the end of … how big should a living room beWebStep 1: First, you are required to enter the CTC. Step 2: Enter the variable part of the CTC like the bonus. Step 3: Enter the basic salary from your CTC. Step 4: ET Money’s Salary Calculator will show the approximate net take-home salary. Step 5: Lastly, You also have the option to calculate actual in-hand salary. how many oysters in half a peckWebAs 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 … how big should a left chest logo beWebCost to company includes fixed pay, variable pay, and CTC includes PF. For salaried employees , the current fixed compensation is the amount they are currently receiving … how big should a meeting room beWebAug 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 salary), gratuity, PF, and ... how many oz are in 10 lb