1. #1
    hmr hmr is on a distinguished road
    Join Date
    Jun 2012
    Posts
    1

    How much monthly income does CTC of 3.2 lakh means?

    a IT campany offered me CTC of 3.2 lkh.
    what can be the amount of money that i will get in my hands every month..???

  2. #2
    abhishek.das.781990@gmail abhishek.das.781990@gmail is on a distinguished road
    Join Date
    Apr 2012
    Posts
    489

    Re: How much monthly income does CTC of 3.2 lakh means?

    Dear Hmr,
    CTC means Cost to Company.
    It is the total amount of gross package of money in a year that will be paid to you by your IT Company.

    So, if you offered CTC of 3.2 Lakhs,
    You can get the total of 3.2 lakhs per year.
    So, monthly you can get approximately 26,000/-.

  3. #3
    Kunalroy Kunalroy is on a distinguished road
    Join Date
    Oct 2011
    Location
    Durgapur
    Posts
    2,108

    Re: How much monthly income does CTC of 3.2 lakh means?

    CTC is Cost to company.It includes every expense paid to you by your company whichever field it is.The nearly monthly amount is 26000 but that is not the amount you will get in hand.There will be deductions for PF(12% of basic),ESI,Medical,Professional tax, and Insurance,if any.
    As your basic comes out to 8000 per month,after all deductions and bonus,you will get near about 23000 in hand every month..

  4. #4
    arpita_chatterjee arpita_chatterjee is on a distinguished road
    Join Date
    Oct 2011
    Location
    Safdarjung Enclave
    Posts
    1,960

    Re: How much monthly income does CTC of 3.2 lakh means?

    Der Friend, Definition of CTC is cost to company, it include deduction of PF,Gratutity,HRA,Bonus etc . During interview almost all companies will tell you CTC so you have to ask your gross salary because in this case if your 3.2 lakh is per annum income then your monthly salary in hand should be around Rs.26,000/ in hand but if your company will include deductions in your CTC then you will get less then Rs.26,000/- monthly in hand. So you should be clear in your CTC what components are included...All the Best..

  5. #5
    Shailendra Kumar Sharma Shailendra Kumar Sharma is on a distinguished road
    Join Date
    May 2012
    Posts
    132

    Re: How much monthly income does CTC of 3.2 lakh means?

    CTC is stand for cost to company of a employee on a company if your CTC ic 3.2 lakh per annum it means your monthly salary is 26667/- per month

  6. #6
    SAINI SAINI is on a distinguished road
    Join Date
    Jun 2012
    Posts
    190

    Re: How much monthly income does CTC of 3.2 lakh means?


    Hi


    Presently the salary offered for the freshers in the Syntel company
    is between 2,60,000-2,80,000.


    The eligibility criteria required for the Syntel company is given below:
    The candidate applying for the Syntel company should have at least
    55% of marks in 10th, 12th and graduation.


    The candidate should have not any current backlog and also the
    maximum break of 1 year is allowed in studies.


    The online test and interview is conducted for the selection of candidates
    in the syntel company.


    GOOD LUCK

  7. #7
    Unregistered

    Re: How much monthly income does CTC of 3.2 lakh means?

    I have been offered a package of 5.5 lacs/annum .how much it comes out to be inhand

  8. #8
    Nam Nam is on a distinguished road
    Join Date
    Jun 2012
    Posts
    299

    Re: How much monthly income does CTC of 3.2 lakh means?

    Hi,

    You get in hand around RS.23000. Because you will have deductions like provident fund, professional tax and even if you are not submitted for IT then even there IT deductions, so altogether there will some deductions and you get take home salary. Again it differs from company to company that most of company give as incentive big amount yearly amount will be mentioned in CTC to increase your package. So you need to check all that, sometime even bonus will be clubbed in the package. So you need to ask and see the details before you join. Now most of the companies are clever because some candidates join and leave the company within six months or 9 months then it's loss to the company so they keep huge annual amount in CTC instead of paying in monthly salary.

  9. #9
    shahid pathan shahid pathan is on a distinguished road
    Join Date
    Nov 2012
    Posts
    34

    Re: How much monthly income does CTC of 3.2 lakh means?

    CTC expands to cost to company..this salary is what bogs down many people because the housing, travelling etc expednitures are not met by the company but by the individual alone....the company does not have any allowance for this..........so the ent income one is having consists of his housing rent and travelling expenses.

    salary 20000-28000/month

  10. #10
    meharbas meharbas is on a distinguished road
    Join Date
    Nov 2012
    Posts
    55

    Re: How much monthly income does CTC of 3.2 lakh means?

    CTC mean costs incurred by the company on account of employing you. It will include all the basic salary , all allowances, and employers PF and employers ESI.

    IF the CTC is 3.2 lakhs per year then the monthly incomes will comes to 26,000/-.

    Hence you will get in your hand per month 26,000 minus Employers contribution in E.S.I and P.F and Labour Welfare Fund.

  11. #11
    Unregistered

    Re: How much monthly income does CTC of 3.2 lakh means?

    my ctc salary 8500 but iam getting 7832 is it correct?

  12. #12
    Unregistered

    Re: How much monthly income does CTC of 3.2 lakh means?

    How much monthly income does CTC of 5.5 lakh means?

+ Reply to Thread

Quick Reply Any Question?

Similar Threads

  1. What all jobs are available after B.Com and CTC?
    By Unregistered in forum Questions
    Replies: 7
    Last Post: 31-10-2012, 04:26 PM
  2. Replies: 2
    Last Post: 10-02-2012, 08:02 AM