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How do you calculate monthly CTC?
CTC is calculated by adding salary and additional benefits that an employee receives such as EPF, gratuity, house allowance, food coupons, medical insurance, travel expense and so on. CTC in colloquial terms is the cost an employer bears to hire and sustain its employees. Formula: CTC = Gross Salary + Benefits.
What do you mean by CTC salary 15000?
CTC means Cost To Company. The total cost that a company would incur, on an employee, in a year. Per month salary and other benefits that the company pays an employee, are actually cost to the company.
What would the in-hand salary be for CTC of RS16 LPA at Wipro?
So your annual post tax on-hand salary would be about Rs.12,73,600 or about 1,06,833 per month. What would the in-hand salary be for a CTC of Rs.16 LPA at Wipro? It will be in the region of Rs.1,05,000/- on an average, as take home, every month After deductions like provident fund, gratuity, medical, professional tax and income tax.
What is the in-hand salary of an engineer at Wipro?
The in-hand salary at WIPRO depends on the engineering college you are from . If you are from Tier 1 colleges like IITs or top NITs, their salary is about 52000 per month. If you are from Tier 2 or lower and mid ranked NITs and other colleges like BITS Pilani, Manipal etc., your salary in-hand is 36k per month.
How do I use the take home pay calculator?
Use the Take Home Pay Calculator to estimate the actual paycheck amount that is brought home after taxes and deductions from salary. Please note that it is mainly intended for use by U.S. residents.
What is the difference between fixed and variable salary in Wipro?
Fixed, it means the amount will change after your salary hike. And in-hand salary whatever they mention as “Fixed Cash”. Variable, it’s all incentive which is based on your work performance. What is the CTC salary structure like for a fresher in Wipro?