WebWhat is the meaning of 6.5 LPA? Lakhs Per Annum (LPA) is a unit of Cost to Company (CTC) in India. 1 Lakh is Rs. 1,00,000. What is 6 LPA salary? 6 lakh rupees per year translates to 50,000 rupees per month, but only in mathematical terms, not according to company's laws. You see, the package of 6 LPA that you mentioned is basically your CTC. WebOct 28, 2015 · Hi, i got selected in one of the ISP company in sales profile. I got offer of rs. 4.5 lakh ctc per annum Salary breakup is as follow Basic-8300, hra-4150, organisation allowance-15613, leave travel allowance-692, medical reimbursement-1250, pf (employers contribution) (pm)-996, gratuity-399, gross salary including retirals (pm)-33000, gross …
What is Cost to Company (CTC)? Meaning & How It
WebOct 21, 2009 · Such subsidy can be included in your cost to company package. Example. Let’s say your company provides you lunch for Rs. 10, and the actual cost of that lunch is Rs. 25. Thus, there is a subsidy of Rs. 15 per meal. For 21 working days in a month, this is Rs. 315. Or, Rs. 3,780 per year. Thus, your CTC package becomes Rs. 4,05,980. … WebOct 27, 2014 · CTC Stands For COST TO COMPANY. It is the Salary which is the gross pre-tax salary inclusive of all components (monthly, annual, retiral and deferred payments). Current CTC means current drawn ... dick blick catalog online
What Is Gross Salary? Know How to Calculate Gross Salary or CTC
WebJun 11, 2024 · Basic Pay or Basic Salary= 40 % or 45% of CTC. For example, if an employee has a CTC of 4 lakh rupees per annum or 33, 300 rupees per month, then his basic salary will be 13, 320 rupees per month or 1, 60, 000 rupees per annum (these numbers are calculated by considering 40% of CTC). WebSep 12, 2024 · Cost to Company or CTC as it is known by most is the monetary amount a company spends on an employee when hiring or anything. ... auto-calculates CTC as per the stored information and defined rules. The employees can access their CTC breakup, salary slips, tax regimes, and declarations, etc., whenever they require. ... WebOct 4, 2024 · MEANING OF LAST DRAWN SALARY. In my notice period it is written that ou have to give three months notice to company else a sum equivalent to 3 months gross remuneration payable by company to the employee calculated on the basis of the remuneration last paid by comp. to employee. And somewhere it is also written as 3 … dick blick carle place