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  • CTC Vs NET LABOUR LAW ADVISOR

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    Sirius
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    This document compares CTC (cost to company) packages versus net salaries for 5 employees (A-E). It outlines the gross salary, deductions for PF (provident fund), ESI (employee state insurance), taxes, and bonuses to calculate the monthly cash in hand. On average, the monthly cash in hand is 70-77% of the annual CTC due to mandatory deductions for government schemes. The employer covers the remaining 24-30% towards PF, ESI, and other statutory benefits.

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    CTC vs NET LABOUR LAW ADVISOR.xlsx

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    This document compares CTC (cost to company) packages versus net salaries for 5 employees (A-E). It outlines the gross salary, deductions for PF (provident fund), ESI (employee state insurance), taxes, and bonuses to calculate the monthly cash in hand. On average, the monthly cash in hand is 70-77% of the annual CTC due to mandatory deductions for government schemes. The employer covers the remaining 24-30% towards PF, ESI, and other statutory benefits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    49 views1 page

    CTC Vs NET LABOUR LAW ADVISOR

    Uploaded by

    Sirius
    This document compares CTC (cost to company) packages versus net salaries for 5 employees (A-E). It outlines the gross salary, deductions for PF (provident fund), ESI (employee state insurance), taxes, and bonuses to calculate the monthly cash in hand. On average, the monthly cash in hand is 70-77% of the annual CTC due to mandatory deductions for government schemes. The employer covers the remaining 24-30% towards PF, ESI, and other statutory benefits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
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    CTC vs NET

    Prepared by : Labour Law Advisor and Mr. Parth Mehta

    ☑️Payroll, Excel & Labour Law Courses for career growth: https://lpt.institute/courses/
    www.youtube.com/LabourLaw Advisor
    70.00% 30% Employee Share Employer Share
    ANNUAL CTC CASH IN HAND MONTHLY
    Name Gross Salary PF ESI PT PF ESI Bonus Gratuity LWW MONTHLY CTC CASH IN Difference (%)
    Basic HRA HAND
    EXPECTATION REALITY 12% 0.75% 80/150/200 13.00% 3.25% 8.33% 4.82% 4.82%
    A 118596 84288 7820 5474 2346 657 59 80 712 254 456 264 377 9883 7024 71%
    B 180000 126084 11730 8211 3519 985 88 150 1067 381 684 396 565 15000 10507 70%
    C 237144 170148 15827 11079 4748 1329 119 200 1440 514 684 534 763 19762 14179 72%
    D 296424 214824 19925 13948 5978 1674 149 200 1813 648 684 672 960 24702 17902 72%
    E 360000 278916 25243 17670 7573 1800 0 200 2004 0 684 852 1217 30000 23243 77%

    Note: Above calculations are made by assuming 26 Working days, ESIC - PF Calculated at prevalent monthly qualifying limit, PMRPY Benefits to be available till year 2019-2020 only,Prevalent Minimum
    Wages in Gujarat, Shift of 08 Working Hours and Others

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