What is the meaning of 4.5 LPA?

Lakhs Per Annum (LPA) is a unit of Cost to Company (CTC) in India.

Is 5 LPA enough in Bangalore?

So you are talking about a Rs 4,50,000 CTC. At 28 years you seem to have around 5-6 years of work experience so I’d say the salary figure is enough to sustain but not a salary to be very comfortable amount. Since you are married you would probably have to take a flat on rent .

What is your current CTC in LPA?

CTC is cost to company and LPA is lacs per annum, basically both are same. If it’s fixed as you mentioned, then you will get what’s decided.

Is 4.5 LPA good for fresher in Bangalore?

Yes, it totally is. Being at the age of 22 and earning a salary of 4.5 LPA is just too good as a fresher.

How is CTC calculated?

CTC is calculated by adding salary and additional benefits that an employee receives such as EPF, gratuity, house allowance, food coupons, medical insurance, travel expense and so on. CTC in colloquial terms is the cost an employer bears to hire and sustain its employees. Formula: CTC = Gross Salary + Benefits.

How much salary will I get in-hand each month with an annual CTC of 4.00 lakhs per annum?

4 Lakhs per annum, which makes it somewhere round 40,000 per month. However, when you receive the salary at the end of the month, you receive only Rs. 34,000 in your back account.

Is 4 LPA a good salary for fresher?

So yes 4LPA is a very good package for any beginner/fresher. Whatever you are getting, Just be satisfied with it. Because more you urge to get, the more you have to struggle and problem will arise which will not let you sleep in peace for a minute.

What will be my monthly salary if my CTC is 10pA?

We’ve put together a list of 8 money apps to get you on the path towards a bright financial future. If your ctc is 10PA, your monthly in hand salary will be 65000 to 69000.Your overhead will be 10k which will include tax,of,gratuity.

What is CTCTC package in salary?

CTC package is a term often used by private sector Indian companies while making an offer of employment. CTC contains all monetary and non-monetary amounts spent on an employee. All the below mentioned are a part of the in-hand salary, and therefore, are a part of the CTC pay as well.

Does CTC include rent in LPA?

So, if there are additions like rent, investment, then the CTC must include these figures also and can’t be assumed as Rs.10.00 lpa. The take home salary every month varies from company to company and so, the employee must get clarifications from the company on this before joining.

What is the salary of an in-hand employee in CTC?

It differs from company to company like some company include bonuses in CTC, some do not.. so i would say inhand salary would range between 60–65k per month. We would be able to give you more accurate monthly salary if you provide your base pay or fixed salary.