Hi Seniors, Can anybody please tell me? What is CTC? What all comes under CTC & what does not comes under CTC?
From India, Calcutta
4From India, Calcutta
Hi Amar,
Firstly confirm me are you fresher for HR Profile ?
CTC - Cost to Company , and salary bifurcation will be Basic , HRA , Conveyance , Medical allowance , Telephone allowance , attendance allowance , food allowance , special allowance , pf , pt , variable pay .
Regards
Deepak
From India, Delhi
Firstly confirm me are you fresher for HR Profile ?
CTC - Cost to Company , and salary bifurcation will be Basic , HRA , Conveyance , Medical allowance , Telephone allowance , attendance allowance , food allowance , special allowance , pf , pt , variable pay .
Regards
Deepak
From India, Delhi
Hi Amar,
Cost to Company can be used to refer to the total cost that an organization is spending towards their employee including the Salary, Perks, Cost related to benefits, Cost related to hiring, Training, Retirals, Statutory Contributions etc. In general, the CTC can be defined as:
CTC = Direct benefits + Indirect benefits + Saving Contributions
You can also use the Research tab given here as that would help you, go through different threads discussed on the same topic, earlier.
In humorous terms - Cost to company is a trick of a company and HR department, to show that they are paying a big salary, but unfortunatly it is just bubble :)
From India, Bangalore
Cost to Company can be used to refer to the total cost that an organization is spending towards their employee including the Salary, Perks, Cost related to benefits, Cost related to hiring, Training, Retirals, Statutory Contributions etc. In general, the CTC can be defined as:
CTC = Direct benefits + Indirect benefits + Saving Contributions
You can also use the Research tab given here as that would help you, go through different threads discussed on the same topic, earlier.
In humorous terms - Cost to company is a trick of a company and HR department, to show that they are paying a big salary, but unfortunatly it is just bubble :)
From India, Bangalore
CTC consists of total of the following
1. Basic
2. House Rent Allowance
3. Special Pay
4. Conveyance Allowance
5. Employer Contribution towards Provident Fund
6. Employer Contribution towards ESI / Personal Insurance
7. Salary in lieu of Earned Leave
8. Gratuity
9. Statutory Bonus @ 11%
10. Food Coupons
11. Education Allowance
12. Medical Allowance
13. Telephone Allowance
From India, Jodhpur
1. Basic
2. House Rent Allowance
3. Special Pay
4. Conveyance Allowance
5. Employer Contribution towards Provident Fund
6. Employer Contribution towards ESI / Personal Insurance
7. Salary in lieu of Earned Leave
8. Gratuity
9. Statutory Bonus @ 11%
10. Food Coupons
11. Education Allowance
12. Medical Allowance
13. Telephone Allowance
From India, Jodhpur
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CTC Calculator.xls