Dear Singh,
normally every time we hear The toal CTC, or your package is this much,
that means, it includes all the annual perks given by the employer, that includes PF contribution of employer also.... not only that some employers include Gratuity contribution ( 4.8 % ).
So while negotiating CTC, should negotiate abot the take home salary also.
Regards
Rajanikanth
Asst Manager- HR
From India, Hyderabad
1normally every time we hear The toal CTC, or your package is this much,
that means, it includes all the annual perks given by the employer, that includes PF contribution of employer also.... not only that some employers include Gratuity contribution ( 4.8 % ).
So while negotiating CTC, should negotiate abot the take home salary also.
Regards
Rajanikanth
Asst Manager- HR
From India, Hyderabad
Cost to the Company includes the following:
Gross Salary,
Fixed Bonus and incentives,
Employer's contribution to PF,
Employer's contributiont to ESI,
Employer's contribution to Gratuity,
Employer's contribution to Medical Insurance Policies,
Employer's contribution to Superannuation Policies
Employer's contribution to Life Insurance Policies,
Any other benefits that the employer offers to the employee
Regards
Bala
Cogzidel Consultancy Services
From India, Madras
Gross Salary,
Fixed Bonus and incentives,
Employer's contribution to PF,
Employer's contributiont to ESI,
Employer's contribution to Gratuity,
Employer's contribution to Medical Insurance Policies,
Employer's contribution to Superannuation Policies
Employer's contribution to Life Insurance Policies,
Any other benefits that the employer offers to the employee
Regards
Bala
Cogzidel Consultancy Services
From India, Madras
I agree with Sachin... since CTC means what you are costing to the company the emplyers share of PF is also included in it.. Although it is not reflected in the Salary slip.
From India, Ludhiana
From India, Ludhiana
12% employee 12% employer= 8.33% Pension scheme and 3.67% pf 1.16% Admin charge 0.50% edli scheme jagdish padhiyar-MLW
From India, Jamnagar
From India, Jamnagar
CTC in itself denotes Cost to Company.. It includes direct as well as indirect cost which is going to be incurred by the company to the respective employee..
Direct Cost is his/her Gross Salary
Whereas Indirect cost may have a number of attributes.. Some are
Gratuity Provision
Employer PF contribution
Employer ESIC Contribution
Provision of Bonus if applicable
Medical Insurance
Group Personal Insurance
LTA and
if any other
Regards
Amit Seth.
From India, Ahmadabad
Direct Cost is his/her Gross Salary
Whereas Indirect cost may have a number of attributes.. Some are
Gratuity Provision
Employer PF contribution
Employer ESIC Contribution
Provision of Bonus if applicable
Medical Insurance
Group Personal Insurance
LTA and
if any other
Regards
Amit Seth.
From India, Ahmadabad
Yes Employers contribution can be added to CTC, it can be considered as a compnay policy as their is no Statutory rules for it
From India, Mumbai
From India, Mumbai
CTC (Cost to Company) is the cost incurred on an employee. So employer normaly adds his PF contribution in package itself.
PF is not only one thing which is added in CTC but LE, Employer contribution of ESI , Gratuity , LTA is also been added in Package of the employee
From India, Mumbai
PF is not only one thing which is added in CTC but LE, Employer contribution of ESI , Gratuity , LTA is also been added in Package of the employee
From India, Mumbai
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PF not applicable on CTC 18.3.2014.pdf
CTC Calculator with PT, PF and ESIC.xls