Hi Fellow HR Professionals, Can anyone help me with CTC structure for Bangalore city, I want to understand the Components and contributions. If you could help with CTC structure or how I could calculate the CTC breakup for all CTC like an employee who comes under ESI and Employees who is above 21000 salary. Please help urgent need
From India, Bengaluru
From India, Bengaluru
CTC varies from company to company depending on the salary, perks, other facilities extended. For example some companies have medical facilities, some provide for medical reimbursement, some have medical insurance and there are some organisations with no facilities at all, so it all depends on the direct and indirect benefits extended to the employees. There is no fixed formula applicable across the organisations to calculate CTC. Analyse your company expenses and factor in all the employee expenses and compute all the indirect expenses to each employee head, add to it the direct expenses and you can get the CTC for each position. For instance the company provided transport facility and incurs expenses for it, so add together all the expenses in providing transport and divide the sum with the total number of employees and the dividend amount could be one component of the CTC. Similarly you need to compute all other such expenses made for the employees. Remember that the CTC is a misleading concept, the actual salary received is only a fraction of it, and the effort is to balloon it as much as is possible.
From India, Mumbai
1534From India, Mumbai
Dear Colleague,
On the CTC aspect the below article will be helpful. You may kindly have a glance to understand apart from our learned member's feedback
https://www.myloancare.in/tax/salary...up-components/
From India, Chennai
On the CTC aspect the below article will be helpful. You may kindly have a glance to understand apart from our learned member's feedback
https://www.myloancare.in/tax/salary...up-components/
From India, Chennai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.