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How can I calculate my salary from basic pay and grade pay?
The method to calculate your salary as per the 7th CPC is simple. The salaries are obtained by multiplying the existing basic pay by a factor of 2.57 and the figure so arrived will be added to all the applicable allowances such as Transport Allowance (TA), House Rent Allowance (HRA), Medical Allowance, etc.
What is in hand salary in NTPC?
RRB NTPC Salary: Basic Pay 29,200
| Basic Pay-Rs. 29,200/- | |
|---|---|
| Basic Pay | Rs. 29,200/- |
| Travel Allowance ( Fixed Currently) | 2016/- |
| HRA ( Varies according to Place – Minimum 8 \% of basic ) | 2336/- |
| Total Pay | 39,856 /- |
What is basic salary formula?
Basic salary = Gross salary – HRA – DA – Medical – Conveyance – Other allowances. Basic pay = Percentage mentioned X Gross Pay. Take-Home Salary = Gross Pay- Deductions like Contribution to Pension, Pay Reduction Due to Strikes, TDS, Insurance Premiums, Court Order Payments etc.
Is basic salary in-hand salary?
Basic salary is a fixed part of the compensation structure of an employee and forms the core of the salary of an employee. It does not vary, unlike the other aspects of Cost to Company. The entire amount of the basic salary shall be part of the in-hand salary.
How is hand salary calculated from pay scale?
In-Hand Salary = Monthly Gross Income – Income Tax – Employee PF – Other Deductions if any.
What is the basic salary of total salary?
The whole amount of basic salary is part of the take-home salary. Basic salary forms the core of the salary structure, constituting 40-45\% of the total CTC. Other salary components like Gratuity, Provident Fund, and ESIC are determined according to the basic salary.
How do you calculate CTC from basic salary?
Calculation of Basic Salary from Gross Salary. Gross salary = Basic salary + HRA (House rent allowance) + DA (dearness allowance) + MA (medical allowance). On an excel sheet, the formula is =SUM (D2:G2) Below is a table showing different components of a salary including CTC break-up. CTC includes both monetary and non-monetary items.
What is the salary of ntntpc in India?
NTPC Ltd. offers one of the best pay packages in the industry. Selected candidates will be placed in the pay scale of Rs. 24900-3\%-50500 at the basic pay of Rs.24900/- during one year training.
What is the CTC per annum for an AAI officer?
In addition to Basic pay, Dearness Allowance, Perks @ 46\% of Basic pay, HRA and other benefits which includes CPF, Gratuity, Social Security Schemes, Pension, Medical benefits etc. are admissioble as per AAI rules. The CTC per annum would be around Rs. 5 lakhs for the post of Junior Executive.
What is the CTC per annum for the post of junior executive?
The CTC per annum would be around Rs. 5 lakhs for the post of Junior Executive. On successful Completion of Training and passing the test conducted for the purpose, regularization will be in E3 grade in the scale of pay of Rs. 24,900 – 50,500 at the initial Basic of Rs.24,900/- with probation for 1 year.