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Step-by-Step CalculationOriginal CTC: ₹10,00,000Variable Pay (10%): ₹1,00,000Fixed Pay (90%): ₹9,00,000Applying the 7% HikeNew CTC: ₹10,00,000 × 1.07 = ₹10,70,000 ��Fixed Pay (90% of New CTC): ₹10,70,000 × 0.90 = ₹9,63,000Variable Pay (10% of New CTC): ₹10,70,000 × 0.10 = ₹1,07,000
Fixed * 7%
Variable * 7%
10.16 fixed + 10% variable
You should see your figures like this:
9.5+7% fixed
(9.5+10%) + 7% variable
Can u put in numbers? How it will calculated.?