General Comparison Chart For Approximate Understanding by Ck
Reality about Placements CTC 100% Variable.
| Band | CTC (Yearly) | In Hand Yearly | In Hand Salary after Tax |
| zero | 30 Lakh | 24 Lakh | 1,80,000 per month |
| A | 25 lakh | 20 Lakh | 1,50,000 per month |
| B | 20 lakh | 16 Lakh | 1,15,000 per month |
| C | 15 lakh | 12 Lakh | 95,000 per month |
| C | 12 lakh | 9.6 Lakh | 82,000 per month |
| D | 10 lakh | 8 Lakh | 63,000 per month |
| E | 8 lakh | 6.4 Lakh | 55000 per month |
| F | 6 lakh | 4.8 Lakh | 40000 per month |
CTC vs Inhand Salary | Interview with Placement Coordinator
MBA and CTC inhand Salary Reality
CTC vs Inhand Salary
CTC vs In Hand Salary is the tricky truth of Corporate Economics which is relevant to every individual who is the part of the corporate sector specifically in India. This Blog is created to Provide a sense of Clarity to Management aspirants & students so that they are able to understand what is really the difference is between what their CTC is and what they actually into their hands at the end of the month.
Understanding the Terms
What is CTC ?
Cost to company (CTC) is a term for the total salary package of an employee. The CTC can include many elements in addition to salary/wages, such as health care, pension and allowances for housing, travel and entertainment. Tax is also deducted from the cash amount the employee receives directly. The term CTC is used by companies to more accurately reflect the incremental spend per employee (the concept of Direct Cost) from the perspective of an organisation. Another way to look at CTC is: all the money that would not need to be spent if the number of employees is reduced by one. Obviously, the indirect cost like the cost of facility, the support teams like HR, IT, Management, etc would still be incurred and hence not included in CTC. Therefore, the CTC should not include any component, that can not be attributed directly to the employee. Мир азартных развлечений и ставок ждет тебя на платформе pin up – присоединяйся и выигрывай.
What is In Hand Salary ?
In-hand salary is the amount of money that gets credited to your account at the end of every month or in other words the actual amount which you receive after various deductions from your salary. Whereas the Gross salary is the total salary which you receive without any deductions. Игроки выбирают 1win за лучший сервис и широкие возможности для ставок. Сделайте первую ставку и убедитесь сами!
DIFFERENCE:
Many individuals don’t even know the difference between CTC and In hand Salary and consider both as same but that is not the reality. It is to understand that in hand income is a part of CTC and the pay you receive consists of package deal which includes multiple variants into it along with the In hand Salary which one receives after deductions. Обходите блокировки и играйте без ограничений, используя мостбет зеркало для доступа!
Consideration Factors:
Fixed Income,Variable Income,provident Fund ,Gratuity, Medical Insurance,Professional tax,Income Tax,etc.
APPLICABILITY ON DIFFERENT INCOME GROUPS : TAX SYSTEM
India as a Country has its Income tax system designed in such a way that the percentage of tax levied on different income groups is different. Basically Indian Income Tax system levies taxes on percentage basis and the more is your income falling the the bigger bracket the more percentage of tax you pay.its basically the principle of the more you earn the more you have to pay tax.
| Taxable income slabs | Income tax rates and cess |
| Up to Rs 2.5 lakh | Nil |
| Rs 2,50,001 to Rs 5,00,000 | 5% of (Total income minus Rs 2,50,000) + 4% cess |
| Rs 5,00,001 to Rs 10,00,000 | Rs 12,500 + 20% of (Total income minus Rs 5,00,000) + 4% cess |
| Rs 10,00,001 and above | Rs 1,12,500 + 30% of (Total income minus Rs 10,00,000) + 4% cess |
We are consider the Traditional Tax system here and Income tax slabs for the Individuals for resident individual below 60 years of age. Since most of the corporate work force is below the age of 60 and for the ones who are above this age bar money mostly do not matter to them in an primary way of earning livelihood.
SURCHARGE:
Surcharge is a tax on tax. It is levied on the tax payable, and not on the income generated. For example, if you have an income of Rs 100 on which the tax is Rs 30, the surcharge would be 10% of Rs 30 or Rs 3. In India, a surcharge of 10% is levied if an individual’s income is more than Rs. 50 Lakhs and a surcharge of 15% is levied if the individual’s income is more than Rs 1 crore. In case of companies, it is levied if the income is more than Rs. 1 Crore
| Taxable Income | Surcharge (%) |
|---|---|
| Income above Rs 50 lakh but below Rs 1 crore | 10 |
| Income above Rs 1 crore but below Rs 2 crore | 15 |
| Income above Rs 2 crore but below 5 crore | 25 |
| Income above Rs 5 crore | 37 |
REBATE:
A rebate under section 87A is one of the income tax provisions that help taxpayers reduce their income tax liability. Taxpayers earning an income below a certain limit have the benefit of paying marginally lower taxes A rebate of Rs 12,500 will be available for all taxpayers with taxable income up to Rs 5 lakh. This rebate will be available under Section 87A of the Income Tax Act from FY 2019-20 onwards.
4 Lakh Package Take home!
A HYPOTHETICAL breakdown of CTC is given below:
| Component of salary | Amount (₹) | Taxable amount |
|---|---|---|
| Basic salary | 240,000 | 240,000 |
| House rent allowance | 60,000 | 36,000 |
| Conveyance allowance | 8,000 | 0 |
| Entertainment allowance | 6,000 | 6,000 |
| Overtime allowance | 6,000 | 6,000 |
| Medical reimbursements | 10,000 | 0 |
| Gross salary | 330,000 | 288,000 |
| Medical insurance | 3,000 | |
| PF (12% of basic salary) | 55440 | |
| Total benefit | 58440 | |
| CTC = gross salary + benefit | 388,440 |
Break up of take home salary:
| Deductions/take home salary | Amount |
|---|---|
| Tax (10% of taxable amount) | 28,800 |
| Employee provident fund (12% of basic salary) | 28,800 |
| Professional tax | 2,500 |
| Total deduction | 60,100 |
| Gross salary | 330,000 |
| Net salary (gross – deduction) | 269,900 |
| Monthly take home salary | 22,491 |
There with these hypothesis we get to know that for an individual whose CTC is 3,88,440 would get about 22,491 per month i.e. 2,69,900 which is about 70% of the CTC.
SOURCES: Wikipedia,Quora, Cleartax, Paisa Bazaar,Economic Times and Personal Research.
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CTC and Profile Offered
| 13.25-20 (13.25 + 0.75n, 10 Fixed) | Consult/Ops/IT |
| 15.75-19.75 (13 Fixed + 1n) | Consultant |
| 23.5-31.2 (15 Fixed + 1.5n) | Consultant |
| 16 (10 Fixed), 18.2 (12 Fixed) | Finance |
| 17.6 (16 Fixed) | Strategy, Finance, Analyst |
| 20 | Consultant |
| 17-18 (10 Fixed) | IT/Product/Finance |
| 14 | Business Development |
| 25-28.25 (14 Fixed, 10 ESOP) | Marleting, Product mangement |
| 20 (15 Fixed) | Finance – CIB, WCS |
| 12-15 (Fixed) | Finance/Marketing/Operations |
| 27 (18 Fixed) | Finance, Ops |
| 22 (18 Fixed) | Business Development |
| 16.45, 19.81 | Consulting (Analytics) – Associate, Consultant |
| 16-24 | Consultant |
| 14 (11 Fixed) / 17 (13.5 Fixed) | Product Manager, Project Manager |
| 17.5 | Finance- IB/Quant Ops |
| 20 (18 Fixed) | Marketing |
| 18.5 (18 Fixed) | Product Manager |
| 16, 18 | Category Manager, Sr. Sales Manager |
| 15.25 (13 Fixed) | Operations/Marketing/General Management |
| 14.6 (11 Fixed, 2.5 ESOP) | Business Analyst |
| 10-12 (40k for first 3 months) | IT (Prod Man) |
| 29.02 (19 Fixed, 7 ESOP) | Business Development |
| 25-30, 22-24 | Marketing (Growth/Product, Sales/Retail) |
| 19.5 (15 Fixed) | Sales and Marketing |
| 19 (14 Fixed) | General Management |
| 18-24 (17 Fixed) | Prod Man |
| 16.5 (12 Fixed) L1, 21 (16 Fixed) L2 | Consulting (Global Roles) |
| 15 (13.7 fixed) | Sales |
| 13.5 (11 Fixed) | Marketing |
| 12-17 | Business Analyst |
| 12-15 | IT Consulting |
| 25.5, 23 (15 Fixed) | Sales, Ops/Strategy |
| 22 (16 Fixed) | Gen Man/Prod Man/Digital Solutionist/Strategy |
| 19.5 (18 Fixed) | Strategy, Finance, Ops, |
| 19.2 (16 Fixed) | Prod Man, Project Manager |
| 19-30 | General Management |
| 18.5 (16 Fixed), 22 (19 Fixed) | Finance/Marketing |
| 18-21 (45% Variable) | Consulting/Finance/IT/Gen Man |
| 15 (12 Fixed) | Marketing (Sales, KAM, Strategy, Marketing) |
| 14-24 | Product Management |
| 14-18 | Business Development, IT |
| 14-16 (12 Fixed) | Sales/Category Management |
| 14 (12 Fixed), 20 (15 Fixed) | Analytics – Assiatant, Project Manager |
| 12+ benefits | Consulting |
| 12 (11 Fixed) | Marketing |
| 12 (1.5 Joining Bonus), 15 (11 Fixed) | Strategy, Sales |
| 10.5-13.5 | Consulting |
| 17 | Finance (Corp Fin), Marketing (Pharma) |
| 14 | Investment Banking |
| 30 (Fixed) | Product Management |
| 29.25-29.75 (14.5 Fixed) | Financial Analyst |
| 27-30 | Sales and Marketing |
| 25 (18 fixed) | Sales and Marketing |
| 24 (19 Fixed) | Gen Man/Marketing/Digital Marketing |
| 23 (18 Fixed) | Business Analyst |
| 22-26 (15 Fixed + 1.5n) | Consultant (M&A) |
| 22 (20 Fixed) | Sales |
| 22 (16.5 Fixed) | Field Service |
| 20-22 (15 Fixed) | Consulting/Senior Analyst |
| 19 (3.5 ESOP), 28 (7 ESOP) | Marketing, IT, Ops, Prod Man |
| 18 (16 Fixed) | Finance (IB) |
| 18 (14 Fixed) | Sales, Ops, Analytics |
| 17, 12 | IB, Finance |
| 17 (14.2 Fixed), 19 (16 Fixed) | Business Development, Strategy |
| 16-18 (12.5 fixed) | Gen Man/IT/Marketing (Only B.Tech./B.E. Eligible) |
| 16-18 | Gen Man |
| 16 (10 Fixed, 6 retention after 3 years) | Marketing |
| 15.68 (14 Fixed) | Marketing/Operations |
| 15-25 (80% Fixed) | Consult/IT |
| 14 (Fixed) | Prod Man |
| 14 (11.60 Fixed) | Marketing |
| 13-17 (Fixed 10 + 0.75n, 1.5 JB) | IT/Marketing |
| 12-15 (90% fixed) | Finance/Analytics |
| 12 (Fixed) | Sales and Marketing |
| 12 (10 Fixed) | Marketing and Sales |
| 12 (10 Fixed) | Product, Analytics |
| 10-12 (7 Fixed) | Sales |
| 10 (Fixed) | Finance, Marketing (Collections, Product) |
| 10 (Associate), 13-15 (Consult) | Analytics (Associate Consult, Consultant) |
| 10-12 | IT (Business Analyst) |
| 8-10 | IT/Analytics |
| 18.4 | Consultant |
| 17.5 | Strategy Business Planning), Sales |
| 14 | Marketing (Growth Marketing/Strategy) |
| 11 | Finance |
| 32 (20 Fixed) | Prod Man, Growth Hacker, Corporate Development |
| 20-22 (85% Fixed) | Consulting (Analytics) |
| 15-25 | Finance |
| 15-20, 8-10 | Prod Man, Sales |
| 14 (Fixed) | Ops, General Management |
| 13-15 LPA (Fixed)+ Commission | Consulting/B2B sales |
| 25 | Prod Man/Tech Consult/Ops Consult |
| 17 | Operations |
| 14 | Finance |
| 8.5 (7.5 Fixed) | Finance, IT |
| 8-10 (8 Fixed) | Strategy/Ops |
| 8 (6 Fixed) | Finance |
| 7 (6 Fixed) | Finance / Gen Man / IT |
| 18 (16 Fixed) | Category Manager |
| 18 (14 Fixed) | Account Manager (Marketing/Fin) |
| 17, 16 | Sales |
| 17-18 (15 Fixed) | Finance/Operations/IT |
| 17 (13 Fixed) | Busimess Analyst |
| 16 (12.5 Fixed) | IT |
| 16 (10.5 Fixed) | Business Development |
| 15 (Fixed), 22 (21 Fixed) | Associate, Product Manager |
| 15 (10 Fixed) | Sales and Marketing |
| 13 (9.5 Fixed) | Finance/Marketing |
| 13 (12 Fixed) | Business Development |
| 12.5 (10.5 Fixed) | Ops, Key Account Manager, Program Manager |
| 12-14 (80% Fixed) | Marketing (Project Manager) |
| 12-14 (80% Fixed) | Marketing |
| 12 (10 Fixed) | Marketing, Analytics, IT, Finance |
| 11 + Bonus (9 Fixed, 2 JB) | Finance |
| 11 (7 Fixed) | Business Development |
| 11 (10 Fixed) | Marketing (Business Research) |
| 10.5 + Sundry Benefits | Marketing |
| 10-12 (9 Fixed) | Prod Man |
| 11, 16 | Finance (Modelling, Analytics) |
| 10-15 | Analytics (Sr. Associate) |
| 8-12 | Business Development |
| 7-10 | Business Development |
| 21 | Marketing/IT |
| 18 | Finance/Marketing/Strategy |
