What is the basic salary of 18000?

What is the basic salary of 18000?

Pay Matrix Level 1 (GP-1800) – Hand Salary Calculation from Rs. 18000 to Rs. 56900

7th Pay Matrix Table Level-1 with Monthly Salary Calculation
Salary Slab for Pay Level 1 Gross salary per month
18000 Rs. 23,913
18500 Rs. 24,498
19100 Rs. 25,200

What is the CTC for 15000 salary?

How to calculate CTC from basic salary

Description Component of Salary (Per Annum) Amount
Medical Reimbursements 15,000
Gross Salary 6,75,000
Benefits vary from company to company Medical Insurance 2000
Provident Fund (12% of Basic) 57,600 (12% of 4,80,000)

How can I calculate my take home pay from CTC?

What is the formula for salary calculation?

1. Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof. Tax.
2. Gross Salary = Cost to Company (CTC) – Employer’s PF Contribution (EPF) – Gratuity.
3. Gratuity = (Basic salary + Dearness allowance) × 15/26 × No. of Years of Service.

How do you calculate take home pay?

How to Calculate your Take-Home Salary?

1. In order to calculate your Take-Home Salary or Net Salary, follow these steps:
2. Gross Salary= Basic Salary + HRA + Other Allowances.
3. Alternatively,
4. Gross Salary= CTC – (EPF + Gratuity)
5. Taxable Income = Income (Gross Salary + other income) – Deductions.

What is basic salary India?

Basic salary is the base income of an employee, comprising of 35-50 % of the total salary. It is a fixed amount that is paid prior to any reductions or increases due to bonus, overtime or allowances. Basic salary is determined based on the designation of the employee and the industry in which he or she works in.

What does 15k CTC mean?

Last Updated: May 22, 2019 By Chandrakant Mishra. “We are pleased to inform you that your total remuneration would be 1.8 lakh annual on the CTC basis”. These were the words written in the offer letter of TV18. I quickly calculated on the fingertips, it means 15,000/month.

How can I calculate my salary?

To determine your weekly salary, multiply your hourly salary by the number of hours you worked in each week. Since there are 52 weeks per year, multiply that number by 52. This will result in your annual salary. If you worked 40 hours in one week, at an hourly rate of \$10 per hour, you would be making \$20,800 annually.

What is the net salary of 20000?

£20000 After Tax 2019

Gross Income £20,000.00 £384.62
Tax £1,500.00 £28.85
National Insurance £1,364.16 £26.23
Student Loan £0.00 £0.00
Take Home Net Salary £17,135.84 £329.54

How do you calculate salary?

Multiply the number of hours you work per week by your hourly wage. Multiply that number by 52 (the number of weeks in a year). If you make \$20 an hour and work 37.5 hours per week, your annual salary is \$20 x 37.5 x 52, or \$39,000.