Note: Insert CTC proposed in Cell # E15

Components % age Monthly Annual

Basic Pay 40 4,000 48,000
House Rent Allowance 20 2,000 24,000
Special Allowance 27 2,720 32,640
Conveyance Allowance 800 9,600
ESI Contribution by Employer #VALUE! 260 3,120
PF Contribution by Employer 480 5,760
Gross CTC #VALUE! 10,000 120,000
PF Contribution by Employer 480 5,760
PF Contribution by Employee 480 5,760
ESI Contribution by Employer 70 840
ESI Contribution by Employee 190 2,280
Total Deductions 1,220 14,640
Net Take Home before TDS 8,780 105,360
CTC #VALUE!
Note:
1. Payment of Medical Allowance is subject to submission of Medical Treatment & Medicinal Expenses
2. Minimum YPB @10% of Gross CTCis deducted out of monthly salary but will be paid upon completion of One y
3. Rate of Professions Tax will vary based on Salary Scale, current rates are for Organisations located within Chenna
4. Rate of TDS is subject to Declaration and submission of related information and documents by employee
5. Meal Vouchers will be disbursed by Finance Department
nt & Medicinal Expenses
will be paid upon completion of One year from date of appointment along with additional YPB if any
Organisations located within Chennai Corporation Limit
and documents by employee
Particulars Employer Employee Central Govt. Total
EPF 3.67% 12% 15.67%
Employee Pension 8.33% 1.67% 10.00%
Employees' Deposit Linked Insurance Scheme(EDLIS) 0.50% 0.50%
PF Administration Charges 1.10% 1.10%
EDLIS administration Charges 0.01% 0.01%
Total 13.61% 12.00% 1.67% 27.28%

Salary for PF means:

Basic+DA+Cash Value of Food concession+retaining allowance (if any)
 Professions Tax Rates in Chennai

Sl. No. Six months income (Rs.) 1st Oct 1998 - 1st Oct 2003 1st Oct 2008
30th Sep 2003 -30th Sep 2008 onwards

21000 0
1 21,001 30,000 60 75 100
2 30,001 45,000 150 188 235
3 45,001 60,000 300 390 510
4 60,001 75,000 450 585 760
5 75,001 and above 600 810 1095

Profession Tax Collectable from the salary of August (Ist Quarter ) and
January (IInd Quarter)

http://www.tn.gov.in/dtp/professional-tax.htm
http://www.chennaicorporation.gov.in/online-civic-services/professionTaxCalculator.htm
1. You can get LTA only if you have applied for leave from your company and have actually traveled. However, international
not valid. You must have traveled within the country.

2. The entire cost of the holiday is not covered. Only the travel costs are covered. So, whether you fly, hop on to a train or tak
transport, you will have to show the ticket to claim your LTA. This means you will need to keep your air, rail or public transpor

3. If you travel by car and it is owned by a central government organization like ITDC, the state government or the local bo
LTA is permitted.

If you could not get public transport and resorted to private transport like renting a car, get a bill issued by the rental company
employer does not accept the bill, you can always file an income tax return, claim an exemption and get a refund.

4. LTA covers travel for yourself and your family. Family, in this case, includes yourself, parents, siblings dependent on you
(even if your spouse is working) and children.

For children born after October 1, 1998, the exemption is restricted to only two surviving children (unless, of course, one
resulted in multiple children like twins and triplets).

If your family travels without you, no LTA can be claimed. You have to make the trip, either by yourself or, if claiming for you
you should travel with them.

5. LTA is not related to when you started your employment. The government fixes blocks of years. These blocks are not financ
(April 1 to March 31); they are calendar years (January 1 to December 31).

The current block is 2006-09 -- January 2006 to December 2009. The earlier one was from 2002-05 -- January 2002 to Decemb
During this time period, a person is entitled to two LTA claims.

6. Though you can claim two journeys in a block of four years, you can claim the LTA benefit just once in a year. You cann
both the journeys in one year.

So, while a person can get an income tax exemption for two journeys in a block of four calendar years, he can make a trip o
a year. If you make two trips in a year, you lose one. One-way out is to claim one and make your spouse claim the other.

7. You can carry forward your LTA. One LTA can be brought forward and claimed in the first year of the next block. Let's sa
not take your LTA in 2002-05. Or that you use only one LTA. Don't worry, you will be able to take the pending LTA in 20
means that, in the 2006-09 block, you will be totally entitled to the three journeys.

8. If you switch jobs, you can get the LTA not only from your present organization but also from your former employe
concession is lying unutilized.
Let's say that, in the 2002-05 block, you claimed LTA in 2003. In 2004, you switched jobs. You can still claim your second jour
your new employer. Of course, your new employer will ask to look at your earlier tax returns to see whether it has been claimed

9. You must take the shortest route to your destination to be eligible for LTA.
Let's say you are going from Delhi to Mumbai on a holiday. So the cost of your travel from Delhi to Mumbai and Mumbai to D
be eligible for LTA.

10. If your LTA is not utilised, it gets added to your salary and you will be taxed on it.

Let's say you and your spouse are both employed and both have LTA as part of the salary package. Your LTA is Rs 20,000 an
Rs 20,000 too.

Both of you and your child go for a holiday. The tickets for the three of you amount to Rs 15,000. You supply the tickets to yo
and this amount will be eligible for a tax deduction; the balance Rs 5,000 will be taxed. You can claim exemption only to th
your expenditure.

If you claim this, your spouse will not be able to claim this same holiday from her employer. His/ Her Rs 20,000 will be taxed
of course, you go for another holiday and he/ she claims it.

Or, let's say, you spend Rs 30,000 on tickets but your LTA is just Rs 20,000. You can claim up to Rs 20,000 and tell your s
claim his/ her ticket from his/ her employer.