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 … 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. … 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 = … Read more
12K means 12,000 Rupees. K is used to indicate a thousand in the salary (or in money). In India the currency is Rupees so the 12K means 12,000 Rs (₹). Similarly, in the US the currency is Dollars so there the 12K means … Read more
Consolidated pay means a total salary without any breakup, which means consolidated salary is not divided into salary components like basic wage, HRA, transport & medical allowances, etc. It can be paid on a weekly or monthly basis to the employees. For example, … Read more
Supplementary allowances mean the extra allowances in the salary after calculating the employee basic wage, HRA, conveyance, & medical allowances, etc from gross salary. It is also called other allowances (or) special allowances. Employers do not have any statutory obligation to pay it … Read more