Dear All, CTC means " all heads or components paying by the employers to employees direct or indirect monthly or annually" called annual CTC. Regards, Dileep
From India, Delhi
6From India, Delhi
Lets take it simply.. Simply please explain..For eg consider d job for fresher in Software Devlopment is there n he is being asked to reply on 'wat's ur expected CTC/wat CTC do u expect'
Then how he is supposed to answer based on current IT salary enviornment..? He would not think in 1st place d 'x' Rs/month as a monthly salary including all other points(coz he wudnt be knoing company incentive schemes) So if he replies 10000 expecting it as a basic(main salary without other all additions eg Psa hra etc) then how company will relate this to CTC ? or eg If he answers 1.20(0r 1.20-2.20) / per anum by considering 10000(or onwards) as basic then how tat "1.20-2.20" is cosidered as;by a company?[/B]? What company will consider 1.20-2.20/anum as, will "1.20-2.20" b considered as including everything or how(becoz then basic would go to b lesser dan wat that employee had thought as a net take home salary ie 10000)?
From India, Mumbai
Then how he is supposed to answer based on current IT salary enviornment..? He would not think in 1st place d 'x' Rs/month as a monthly salary including all other points(coz he wudnt be knoing company incentive schemes) So if he replies 10000 expecting it as a basic(main salary without other all additions eg Psa hra etc) then how company will relate this to CTC ? or eg If he answers 1.20(0r 1.20-2.20) / per anum by considering 10000(or onwards) as basic then how tat "1.20-2.20" is cosidered as;by a company?[/B]? What company will consider 1.20-2.20/anum as, will "1.20-2.20" b considered as including everything or how(becoz then basic would go to b lesser dan wat that employee had thought as a net take home salary ie 10000)?
From India, Mumbai
Hello friends,
Suppose I am drawing gross salary of Rs.23500/- p.m. and due to proposed rise in ESI ceiling to Rs.25000/-, I will be covered in ESI and I shall have to pay 1.75% my contribution and my employers' liability to my ESI contribution will be 4.75% of my gross salary.
Now suppose I am having CTC pay method in a company, do I have to pay all 6.5% of ESI contribution from my pocket only? Is not employer responsible to pay his part of contribution @ 4.75%? People say that in case of CTC system, take home salary of employee will reduce by 6.5% if he is first time covered under ESI. What is all these ? How it all works?
Can any of you friends explain me the facts ?
Thanks and regards,
Janak Soni
From India, Surat
Suppose I am drawing gross salary of Rs.23500/- p.m. and due to proposed rise in ESI ceiling to Rs.25000/-, I will be covered in ESI and I shall have to pay 1.75% my contribution and my employers' liability to my ESI contribution will be 4.75% of my gross salary.
Now suppose I am having CTC pay method in a company, do I have to pay all 6.5% of ESI contribution from my pocket only? Is not employer responsible to pay his part of contribution @ 4.75%? People say that in case of CTC system, take home salary of employee will reduce by 6.5% if he is first time covered under ESI. What is all these ? How it all works?
Can any of you friends explain me the facts ?
Thanks and regards,
Janak Soni
From India, Surat
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