WebCTC (Cost To Company) CTC is the yearly expenditure that a company spends on an employee. Each employee’s CTC depends on their basic salary and variables. In … WebJun 22, 2024 · Rs.12 lakhs CTC per annum means per months it comes to Rs. 1 lakh. May be monthly gross not less than 50 K. It seems you are from Mumbai, i.e. from the State of Maharashtra. In Maharashtra, if Payment of Wages Act is applicable to the employee then it is mandatory for you to pay him the salary by cheque or bank transfer. If Payment of …
What is the meaning of CTC in Lacs? - Answers
WebJul 19, 2024 · Your CTC comprises of various elements, some of which are fixed like your basic HRA, EPF, etc while others are variables such as quarterly/half-yearly/annual … WebThis illustration provides a salary calculation for a resident of India earning ₹ 400,000.00 per annum in the 2024/24 Tax Year based on the 2024 Income Tax Slabs. You can read further information about this tax and salary calculation below the calculator and in the associated finance guides and tools. You can view a breakdown of each income ... how to start a college 529
What is CTC in Salary and How is Basic Calculated? - SumoPayroll
WebWhat is the meaning of 6.5 LPA? Lakhs Per Annum (LPA) is a unit of Cost to Company (CTC) in India. 1 Lakh is Rs. 1,00,000. What is 6 LPA salary? 6 lakh rupees per year translates to 50,000 rupees per month, but only in mathematical terms, not according to company's laws. You see, the package of 6 LPA that you mentioned is basically your CTC. WebApr 15, 2024 · The aggregate compensation would be the Cost to Company or CTC to employees. An employee’s take-home pay would differ from the CTC. ... His gross salary per anum is Rs 6,20,000 while his net take-home is just Rs 5,93,000. ... Net salary per annum (A)-(B) Rs 5,93,000: File your returns in just 3 minutes. 100% pre-fill. No manual … WebOct 28, 2015 · Hi, i got selected in one of the ISP company in sales profile. I got offer of rs. 4.5 lakh ctc per annum Salary breakup is as follow Basic-8300, hra-4150, organisation allowance-15613, leave travel allowance-692, medical reimbursement-1250, pf (employers contribution) (pm)-996, gratuity-399, gross salary including retirals (pm)-33000, gross … reach search filter