Answer / suma sy

CTC means Cost To Company.
The breakup may be as follows;
Basic=5000
PF=12% on Basic=600
ESIC = 1.75% on 10660=187
HRA=40% of Basic=2000
Conveyance as per the company limitaions/actual spent

Answer / vsharma

Amount Heads Creteria
3198 Basic 30% of CTC
1599 HRA 50% of Basic
384 PF Employer
384 PF Employee
506 ESI Employer
187 ESI Employee
1250 Medical Exempted as per IT-Reimbursement
800 Conveyance Exempted as per IT
154 Gratuity 4.80% as per Gratuity Act
266 Bonus 8.33% of Basic
1932 Other Allowances
10660

Answer / hareesha

BASIC :10660*40/100=4264
hra:4264*30/100=1279
Conveyance :800 fix
PF:4264*12/100=512
ESI:Depending on gross earnings

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