How to calculate CTC from basic salary DescriptionComponent of Salary (Per Annum)AmountMedical Reimbursements15,000Gross Salary6,75,000Benefits vary from company to companyMedical Insurance2000Provident Fund (12% of Basic)57,600 (12% of 4,80,000)What is CTC in Salary and How is Basic Calculated? – SumoPayroll www.sumopayroll.com › blog › ctc-salary-basic-calculated
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Net Salary = Gross salary – All deductions like income tax, pension, professional tax, etc . Net salary is also referred to as Take Home Salary.
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