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CTC Calculator

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Gajanan
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330 views3 pages

CTC Calculator

Uploaded by

Gajanan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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SALARY BREAKUP CALCULATOR IN EXCEL 2022

Gross salary per month 25000


Components In salary Percentage Per month Per annum
Basic Salary 45% 11250 135000
HRA (calculated on basic wage) 40% 4500 54000
Conveyance allowances (Fixed) 1600 19200
Medical allowances (Fixed) 1250 15000
Special allowances (Balance amount) 6400 76800
Total Gross Salary 25000 300000
PF contribution by employee (on basic) 12% 1350 16200
ESI contribution by employee (on gross) 0.75% 0 0
Professional Tax (PT) (Different for each state) 150 1800
Total deductions (PF+ESI+PT) 1500 18000
Net Salary (Gross-Total deductions) 23500 282000

CTC Calculation
Employer PF contribution (with admin charges) 13% 1463 17550
Employer ESI contribution 3.25% 0 0
CTC= Gross salary + (Employer PF+ ESI) 26463 317550

Note: The net salary of employee varies if employee has any salary advances & loss of
pays
Change your gross salary to calculate Net salary and CTC

Basic salary should be equal or more than minimum wages, according to that fix percentage

Fixed 1600 in cities and 800 in rural areas

Net salary - all allowances

PF is applicable if basic wage is less than or equal to 15000 Rs


ESI is calculated if gross salary is less than or equal to 21000 Rs
Professional tax slab rates in each state
Annual CTC 750,000
Current Tax
Regime New Tax Regime

In hand Salary per Year 660,639


Inhand Salary per Month 55,053

Salary Break Up
Earnings
Per year Per Month
Basic wage (45%) 337,500 28,125
HRA 135,000 11,250
Conveyance Allowances 19,200 1,600
Medical Allowances 15,000 1,250
Other Allowances 205,474 17,123
Total Earnings (Gross Salary) 712,174 59,348
Deductions
PF 21,600 1,800
Health Insurance 9,600 800
Professional Tax 2,400 200
TDS 17,935 1,495
Total Deductions 51,535 4,295
Net Salary 660,639 55,053

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