please help me in CTC making to a person having 16 lk package in a year..........................................Iam new to this organisation and company already hire a person on 16 lakh package per year ...........................now he is asking for his monthly salary............and also looking for breakup of CTC.......................please help me which things can be included in CTC of person.....its urgent .ihope u people help me..... Bad side is this that iam the only one person at here under mt Gm(H.R).....pls help me.......
From India, Bahadurgarh
2From India, Bahadurgarh
Greetings,
Please share what is the role, in which he would join. The performance and sales incentives vary greatly in terms of size and composition. Do you have superannuation, car incentives and other benefits offered ? We will share a package aligned to it.
Looking forward to hear from you.
From India, Mumbai
Please share what is the role, in which he would join. The performance and sales incentives vary greatly in terms of size and composition. Do you have superannuation, car incentives and other benefits offered ? We will share a package aligned to it.
Looking forward to hear from you.
From India, Mumbai
thanks for reply ........Iam free to add any thing ..presently, first i have to show the breakup to my boss then he will decide ............what they like to offer to that particular employee...car incentive is ok .......gratuity and superannuation are also ok.but to some extent..pls am looking for suggestion and his salary should be near about 1 lk-1.30 lk
From India, Bahadurgarh
From India, Bahadurgarh
Hi sandy could you furnish the component in your salary particles, or closely look at your other guy's wage component with similar position in your organistaion with this you cloud able to trace out the track.
With Regards
kusuma.N
From India, Bangalore
With Regards
kusuma.N
From India, Bangalore
For 16L CTC, one has to pay I.T. but can reduce the tax burden if you break the Pay as below.
1. HRA - 40% of basic in case of non-metros or 50% in case of metros.
2. Fuel and maintenance if he/she owns a car and used for company work - Rs.20,000/- p.m. can be claimed for tax exemption.
3. Food coupons - Rs.2750/- p.m totally tax fre
4. Gift voucher - Rs.5000/- p.a. totally tax free
5. Medical Assistance - Rs.15000/- as tax free
6. Club allowance - upto 2.00 L p.a. tax exemption avl subject to production of proof.
Pon
From India, Lucknow
1. HRA - 40% of basic in case of non-metros or 50% in case of metros.
2. Fuel and maintenance if he/she owns a car and used for company work - Rs.20,000/- p.m. can be claimed for tax exemption.
3. Food coupons - Rs.2750/- p.m totally tax fre
4. Gift voucher - Rs.5000/- p.a. totally tax free
5. Medical Assistance - Rs.15000/- as tax free
6. Club allowance - upto 2.00 L p.a. tax exemption avl subject to production of proof.
Pon
From India, Lucknow
Dear Manhas, Find the attached file of Salary Breakup for Rs.1600000L CTC. I really hope, it will useful to you. Revert if any suggestion!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
From India, Madras
From India, Madras
Dear Manhas, Retrial Components is countable in CTC. Percentage of Gratuity = 4.81% or 15 Days basic per annum. * Gratuity (Eligibility for Gratuity: 5 years of Service )
From India, Madras
From India, Madras
Dear sir/mam what is the calculation for leave encashment??? Please give me the details....
From India, Pune
From India, Pune
Hi everyone , i am new to this field today my boss asked me to prepare ctc breakup for the employees , below 10k and above 10k since its a new company so rt. now having just 10-12 employees and we are not enrolled to esic and epf ...My boss also asked me to prepare ctc were compant has to pay low tds? please help me
From India, Lucknow
From India, Lucknow
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CTC Breakup.xls
CTC - Breakup.JPG