Calculating take home pay from a cost to company salary structure

Hemi300c

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Dec 15, 2009
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You'll need to specify your perks ie medical aid, motor car, etc deductions for a good guesstimate.
 

SauRoNZA

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How long is a piece of string?

Here's a novel idea though...ask the company.
 

Venomous

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Oct 6, 2010
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how about taking your first payslip to a tax consultant? they can then advise you....

would be worth it even if they charge an hour.
 

Gaz{M}

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Feb 9, 2005
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R30k take home from a package of 720K sounds right.

The allowances are just tax efficient deductions from your left over pay after retirement funds are deducted. They are not in addition to the 60k.

You can ask HR for a full salary slip estimate.
 

WAslayer

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May 13, 2011
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you dont get taxed on ctc or at least you are not supposed to.. you get taxed based on your basic salary.. cost to company includes benefits that the company provide you with.. also your contribution to the pension fund should be paid from your basic salary otherwise its not your contribution and a company benefit.. when doing tax returns based on that, you will find yourself in a world of hurt with sars.. i say this from my experiences thus far and i do stand corrected on all points..

my salaries had always been per following example:

ctc = 10 000
benefit 1 = 500
benefit 2 = 300
benefit 4 = 200

basic salary = 9000
tax = 700
uif = 150
my pension fund contribution = 300

take home = 7850
 

Stevi

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Mar 23, 2011
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Ask for a mock payslip. Should give you a better idea
 

diapason

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Sep 24, 2016
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There is nothing tax-efficient about these allowances nowadays. They are all taxable. One possible reason for showing them separately is that, in a unionised environment these are often negotiated separately from the basic salary or CTC.
 

SauRoNZA

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Jul 6, 2010
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Jirre.

How can you be in a job that pays 60k a month but not understand a payslip?

Token candidate?
 

HavocXphere

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Oct 19, 2007
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33,156
Jirre.

How can you be in a job that pays 60k a month but not understand a payslip?

Token candidate?
Thats a bit harsh...top paying job in SA in gynaecologist...80% sure they're not very good at payslip deductions.
 
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