How to calculate variable pay percentage from CTC

It is calculated by adding salary to the cost of all additional benefits an employee received during service period . If an employee ‘s salary is rupees 500000 and company pays additional 50,000 for their health insurance , the CTC is rupees 550,000. Employee may not directly received the CTC amount.

CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance.