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CTC Assignment

This document summarizes the compensation structure for a General Manager working at Pantaloons in Pune, India. It details that the total compensation (CTC) is Rs. 10,00,000 per year, with Rs. 7,50,000 as fixed salary. It then breaks down the compensation into monthly amounts, including Rs. 25,000 basic salary, Rs. 4,250 dearness allowance, Rs. 11,700 house rent allowance, and various other allowances. It calculates a monthly take-home amount of Rs. 72,443.33 after deducting taxes and contributions to provident fund.

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Abhishek Verma
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193 views

CTC Assignment

This document summarizes the compensation structure for a General Manager working at Pantaloons in Pune, India. It details that the total compensation (CTC) is Rs. 10,00,000 per year, with Rs. 7,50,000 as fixed salary. It then breaks down the compensation into monthly amounts, including Rs. 25,000 basic salary, Rs. 4,250 dearness allowance, Rs. 11,700 house rent allowance, and various other allowances. It calculates a monthly take-home amount of Rs. 72,443.33 after deducting taxes and contributions to provident fund.

Uploaded by

Abhishek Verma
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Describe the CTC Structure of a General Manager - Marketing working in Pantaloons,

the below break-ups. Kindly calculate the yearly break-up and monthly take home i

Conditions Applicable:

a. CTC – RS. 10,00,000/-


b. Fixed Salary - Rs. 7,50,000/-
c. Employer PF is included in CTC
d. No gratuity
ng in Pantaloons, Kalyani Nagar, Pune for 3 years with
nthly take home into a good compensation structure

able:

000/-
50,000/-
ed in CTC
Total CTC ₹ 1,000,000.00
PLI - Variable Pay ₹ 250,000.00
Fixed ₹ 750,000.00
Components Amount - Annually Monthly
Basic ₹ 300,000.00 ₹ 25,000.00
Dearness Allowance ₹ 51,000.00 ₹ 4,250.00
House Rent Allowance ₹ 140,400.00 ₹ 11,700.00
Conveyance Allowance ₹ 19,200.00 ₹ 1,600.00
Medical Reimbursement ₹ 15,000.00 ₹ 1,250.00
Leave Travel Allowance ₹ 25,000.00 ₹ 2,083.33
Child Education ₹ 2,400.00 ₹ 200.00
Child Hostel ₹ 7,200.00 ₹ 600.00
Gratuity ₹ - ₹ -
Provident Fund ₹ 42,120.00 ₹ 3,510.00
Grade Pay ₹ 147,680.00 ₹ 12,306.67
Variable Pay ₹ 250,000.00 ₹ 20,833.33
Total CTC ₹ 1,000,000.00 ₹ 83,333.33
CTC
Take Home
Basic ₹ 25,000.00
Formula and Conditions Dearness Allowance ₹ 4,250.00
40% of Basic Pay House Rent Allowance ₹ 11,700.00
17% of Basic Conveyance Allowance ₹ 1,600.00
40% of Basic + DA Medical Reimbursement ₹ 1,250.00
Exemted Amount (1600*12) Leave Travel Allowance ₹ 2,083.33
Exemted Amount (1250*12) Child Education ₹ 200.00
1 month of Basic salary Grade Pay ₹ 12,306.67
Exemted Amount (100*2*12) Child Hostel ₹ 600.00
Exemted Amount (300*2*12) Variable pay ₹ 20,833.33
4.81% of Basic Total (A) ₹ 79,823.33
12% of Basic + DA Deductions
Balance Amount Less:Professional Tax ₹ 200.00
PLI Incentive pay Less:Provident Fund ₹ 4,680.00
Less:Gratuity ₹ -
Less:TDS ₹ 2,500.00
Total (B) ₹ 7,380.00
Take Home(A-B) ₹ 72,443.33

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