Loss of Pay (LOP) means unpaid leave. When you take leave after using all your paid leaves, like Casual leaves (CL), Earned leaves (EL), etc, your salary is reduced for those days. Because your HR cannot able to adjust any paid leaves for the absence … Read more
If this month, everyone in your company received their salary, except you. You asked your colleagues, and they all confirmed that their salaries were credited. But for you, it has been two days and your salary is still not credited. What Should You Do? If … Read more
To calculate a 30% hike on an employee’s current CTC, multiply their current salary by 1.30. This results in a 30% increase in their CTC. (This is the easiest way to do it using a calculator.) Here, 1.30 is the decimal value: Using Excel to … Read more
Retirals include EPF, Pension, and Grauity. Your company pays these benefits at the time of retirement or exit from the company. Depending on the company, you may get other benefits. Retirals are also called annual components in CTC. You can check retiral components like provident … Read more
For a salary of 4.5 CTC in-hand salary is ₹32,000 – ₹33,000 after all deductions like EPF, health insurance, professional tax, etc. If your salary is mentioned as 4.5 LPA, then your in-hand salary will be around ₹34,000 to ₹35,000 after deductions. If your salary … Read more
For 3 LPA salary, your gross salary will be ₹25,000, and your in-hand salary will be around ₹22,000 to ₹23,000 after all deductions. The common deductions are EPF, health insurance premium, professional tax, etc. 3 LPA stands for Three Lakh Rupees Per Month. It is … Read more
To know the per day salary divide your salary by the total number of days in a month, and to know the monthly salary multiply the per day salary by the total number of paid days in a month. Salary per day = Salary / … Read more