Dear All, Request you to let me know what is the CTC (Cost to the company). how it is different from our take home salary??? Pl. Explain Thanks in anticipation, Yogita Panjwani
From India, Mumbai
2From India, Mumbai
Hi, CTC includes all Cash (Gross) and Non Cash components (Like PF / Grautity Insurance etc.,) Take home will be Gross minus PF / PT / ESI / Income tax Regards, Srini
From India, Bangalore
From India, Bangalore
Yogita,
CTC, the term is used to determine the Cost to the Company. CTC comprises of different elements like Basic, HRA, allowances, retiral benefits (gratuity), PF (both employer and employee side), etc.
Take home salary means CTC minus Retiral benefits minus PF (both side) minus income tax.
Pon
From India, Lucknow
CTC, the term is used to determine the Cost to the Company. CTC comprises of different elements like Basic, HRA, allowances, retiral benefits (gratuity), PF (both employer and employee side), etc.
Take home salary means CTC minus Retiral benefits minus PF (both side) minus income tax.
Pon
From India, Lucknow
Hello,
As mentioned CTC is cost to company, the above listed elements are included.
Bonus is also included. Apart from this the cost which is incurred by company from the time he enters the organisation, till he leaves for the days, everything is included in CTC.
For eg. - Canteen facilitites, or even food bills, in some cases (Telephone bills) and other fringe benefits are also included in CTC. That varies from company to company.
From India, Ahmadabad
As mentioned CTC is cost to company, the above listed elements are included.
Bonus is also included. Apart from this the cost which is incurred by company from the time he enters the organisation, till he leaves for the days, everything is included in CTC.
For eg. - Canteen facilitites, or even food bills, in some cases (Telephone bills) and other fringe benefits are also included in CTC. That varies from company to company.
From India, Ahmadabad
Yogita,
CTC means Cost to company. The cost spent for hiring an employee. As others have mentioned all componenets like Basic, HRA, all allowances (monthly), annual benefit & retiral benefits are part of CTC. In some companies value added benefits like subsidized transportation cost, canteen cost, premium paid for mediclaim and if any welfare benefits offered are also considered as part of CTC.
Regds
Bagavathi 123
From India, Hosur
CTC means Cost to company. The cost spent for hiring an employee. As others have mentioned all componenets like Basic, HRA, all allowances (monthly), annual benefit & retiral benefits are part of CTC. In some companies value added benefits like subsidized transportation cost, canteen cost, premium paid for mediclaim and if any welfare benefits offered are also considered as part of CTC.
Regds
Bagavathi 123
From India, Hosur
Dear yogita, Very well explained by all of them. Just to add to the above information it also includes the annual benefit ie. Leave encashment salary & bonus. Regards, Sanjeev
From India, Mumbai
From India, Mumbai
Dear yogita, Very well explained by all of them. Just to add to the above information it also includes the annual benefit ie. Leave encashment salary & bonus. Regards, Sanjeev
From India, Mumbai
From India, Mumbai
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