Understanding CTC vs In-Hand Salary
CTC (Cost to Company) is the total cost your employer bears. In-hand salary is what you actually receive.
CTC Components
Fixed Components
- Basic Salary: 40-50% of CTC
- HRA: 40-50% of Basic
- Special Allowance: Variable
Deductions
- PF (Employee): 12% of Basic
- Professional Tax: ₹200/month (varies by state)
- TDS: Based on tax slab
Employer Contributions
- PF (Employer): 12% of Basic
- Gratuity: 4.81% of Basic
- Insurance: Variable
Calculation Example
For CTC of ₹10,00,000:
| Component | Annual | Monthly | |-----------|--------|---------| | Basic | ₹4,00,000 | ₹33,333 | | HRA | ₹2,00,000 | ₹16,667 | | Special Allowance | ₹2,52,000 | ₹21,000 | | PF (Employee) | -₹48,000 | -₹4,000 | | Prof. Tax | -₹2,400 | -₹200 | | In-Hand | ₹7,01,600 | ₹58,467 |
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Tags
#CTC#Salary#In-Hand#PF#HRA
