What is your current CTC salary per month?
What is your current CTC salary per month?
CTC stands for Cost to Company. It refers to the total amount of money an employer spends on the employee annually. So, your current CTC will comprise of the salary as well as all the additional benefits you will receive directly or indirectly during the year. There is a difference between the CTC and take home salary.
How do I know my CTC?
CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance.
What is DA in salary for private employees?
DA or dearness allowance is calculated as a specific percentage of the basic salary which is then added to the basic salary along with other components like HRA (House Rent Allowance) to make up the total salary of an employee of the government sector.
What is the present DA for bank employees?
As per current updates, the new total Dearness Allowance for Bank employees is 81.9% which is calculated on the basis of Bank employee basic salary, wherein this quarter, the DA for public sector bank employees do hold an increase of 4.4% Dearness Allowance in their salary from November 20 to January 2021 which boost …
What is DA in bank?
In a good news for lakhs of people working in government banks, the Dearness Allowance (DA) of government bank employees has been increased by 3.3%. The order has been issued by the Indian Banks Association (IBA).
How are DA Points calculated?
DA is calculated based on their basic salary and the DR is calculated based on their basic pension. For example, if an employee’s basic salary is 18000 and if a pensioner’s basic pension is 9000, then the calculation of DA and DR will be as follows: Basic Salary: 18000 x 21% = 3780. Basic Pension: 9000 x 21% = 1890.
What is TA and DA?
The full form TA is Travelling Allowance and DA is Dearness Allowance. TA and DA refer to the funds paid by the company to the workers. A particular amount of basic pay is distributed to the workers as a dearness allowance.
How is da calculated in private sector?
This is different from the dearness allowance component in the salary of a private sector employee. DA is calculated as a proportion of the basic salary. The government recently increased DA by four percentage points to 21 per cent of the basic salary for its employees and pensioners. This follows a hike last October.
