Table of Contents
What would be take home salary if CTC is 25 lakhs per annum?
General Comparison Chart For Approximate Understanding by Ck
| Band | CTC (Yearly) | In Hand Salary |
|---|---|---|
| zero | 25 lakh | 1,50,000 per month |
| A | 20 lakh | 1,15,000 per month |
| B | 15 lakh | 95,000 per month |
| C | 12 lakh | 82,000 per month |
What is the Inhand salary for LPA in India?
LPA salary in India ranges between ₹ 0.2 Lakhs to ₹ 3.6 Lakhs with an average annual salary of ₹ 2.1 Lakhs. Salary estimates are based on 82 salaries received from LPAs.
How much money is cut from CTC?
So 24 per cent of the basic salary gets deducted. Reimbursement: Sometimes employees are entitled to many reimbursements such as medical treatment, newspaper, phone bill etc.
How is CTC divided?
CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance.
What is C CTC?
Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa. It indicates the total amount of expenses an employer (organisation) spends on an employee during one year.
How do I calculate my salary if my CTC is 18 LPA?
If salary is more than 18 lacs then divide by 15.5 (Usually we divide by 12 but we need exact or tentative In-hand salary hence divide by 15 or 15.5 If the CTC IS 18 LPA, you are looking at taking home somewhere between 1.10 to 1.25 lakhs per month.
Can a low CTC lead to a higher take home salary?
In the image below you can see how a job with low CTC can lead to a higher take home salary – all because the package with the higher CTC was inflated by injecting various components. I hope from now on, you will focus more on the final take home and not be fooled by CTC numbers.
What is the difference between CTC and in hand salary?
Many individuals don’t even know the difference between CTC and In hand Salary and consider both as same but that is not the reality. 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.
Is your CTC number inordinately inflated?
However, in the case of larger companies, the CTC number is inordinately inflated and your eventual take home salary might give you the feeling – “Seems like there is some mistake in the calculation”. Joining other company for higher Salary?