What is the in hand salary if CTC is 3 LPA?

If 3 lakhs is your fixed salary (varibale component not included), then your approximate monthly income would be somewhere near to 21K. I would say it would be in the ranges of 80 to 85\% what is quoted. So 80 to 85\% of 25000 is 20000 to 21250per month.

What is the in hand salary if CTC is 4 LPA?

4 Lakhs per annum, which makes it somewhere round 40,000 per month. However, when you receive the salary at the end of the month, you receive only Rs. 34,000 in your back account. 6000/- is due to CTC and Take home salary offered.

How do I calculate the take home salary of 3 LPA?

If the salary of 3 LPA is your Cost to Company (CTC) then after subtracting Gratuity, Employer’s Provident Fund (EPF) contributions and Taxes on your Taxable Income from this CTC, we will arrive at your Take Home salary or Net Income. Let’s assume 3LPA is the CTC, Rs. 2000 per month is the EPF and Rs. 1000 per month is the gratuity.

What is 12\% of basic salary in CTC?

Suppose you have 30k as basic salary, then 12\% of 30000 =3600 will be deducted monthly. Now the same 12\% more will be deducted as part of employer contribution. No wonder this would be a part of your CTC.

What is cost to Company CTC?

Cost to company (CTC) is a term for the total salary package of an employee. The CTC can include many elements in addition to salary/wages, such as health care, pension and allowances for housing, travel and entertainment. Tax is also deducted from the cash amount the employee receives directly.

What is the difference between in hand income and CTC?

It is to understand that in hand income is a part of CTC and the pay you receive consists of package deal which includes multiple variants into it along with the In hand Salary which one receives after deductions. Fixed Income,Variable Income,provident Fund ,Gratuity, Medical Insurance,Professional tax,Income Tax,etc.