Hi, Please Find attached file for your reference. It would help U. Regards Beula
From United States, Palo Alto
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From United States, Palo Alto
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Can PLVC (Performance Link Variable ammount) which paid in two different quarters depending upon the company - be also be part of CTC ...?
From India, Hyderabad
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From India, Hyderabad
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Hello friends,
I have recently come across the Compensation theory in my college, and I would like to add about the components of CTC. There are 6 components in it:
a) Basic Salary:
This includes:
- Basic pay
- HRA
- DA
- Three other allowances
b) Deferred income:
It includes:
- P.F
- Gratuity
- Superannuation
- Professional tax
c) Merit-linked incentives:
This is the performance-based pay, involving achieving targets, etc.
d) Yearly income:
It includes Bonus, LTA, Dividends.
e) Fringe benefits in Cash
f) Fringe benefits in kind
A-B+C+E = take-home salary.
This is what I have done; it may be too theoretical, but these are just the concepts that we are taught. I need some more additions related to the practical aspect as it is done in organizations.
From India, Pune
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1I have recently come across the Compensation theory in my college, and I would like to add about the components of CTC. There are 6 components in it:
a) Basic Salary:
This includes:
- Basic pay
- HRA
- DA
- Three other allowances
b) Deferred income:
It includes:
- P.F
- Gratuity
- Superannuation
- Professional tax
c) Merit-linked incentives:
This is the performance-based pay, involving achieving targets, etc.
d) Yearly income:
It includes Bonus, LTA, Dividends.
e) Fringe benefits in Cash
f) Fringe benefits in kind
A-B+C+E = take-home salary.
This is what I have done; it may be too theoretical, but these are just the concepts that we are taught. I need some more additions related to the practical aspect as it is done in organizations.
From India, Pune
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