I am going to join a new company, so I wanted to give my CTC1 details to them. In my current company I am getting a salary of sum of Basic & Variable pay, where variable pay depends on how many hours I effectively worked for the company.
Until 2 months ago, I had been getting almost the full amount of variable salary, since we had a lot of projects. Now condition have changed, and only 2 or 3 projects are running, and I've been getting much less variable pay for the last 2 months.
Suppose this example:
Monthly Salary details:
Basic Pay: 1500
Variable pay : 8000 for 166 hours per month
For an hour : 48.17
Total salary : 15000 + 8000 = 23000
For a year : 23000 * 12 = 2,76000
Total salary without Variable : 15000
For a year : 15000 * 12 = 1,80000
At a condition I worked less [suppose 83 hours]
Variable Pay : 4000
Total salary : 15000 + 4000 = 19000
For a year : 23000 * 12 = 2,28000
So which one should I provide to them? Also I have to provide my last 3 months of pay slips to them.
1Cost to Company is a term used in India to indicate the total cost of an employee to the company including things like salary, taxes, bonuses, and other benefits