CTC COST TO COMPANY - for better understanding of the employee and HR - ADMN
CTC is the term used to denote the overall package an employer is going to offer to an employee. -CTC -cost to company. It is the total cost that an Organization is spending towards their employees which includes Salary details like Basic salary, Employer contribution to Provident fund, Superannuation fund, Gratuity; Bonus like Fixed Bonus, Productivity linked Variable Bonus House Rent Allowance, Company Leased Accommodation, Daily Allowance, City Compensatory Allowance, Special Allowance, Conveyance Allowance, Lunch Allowance, Entertainment Allowance, Books/Periodicals Allowance, Education Allowance, House Maintenance Allowance, Furnishing Allowance, Dress/Uniform Allowance, Other allowances; Benefits/Perks/Reimbursements like Value of company car, Car subsidy (or equivalent tax savings), Driver’s salary, Maintenance and Petrol Expenses, Leave Travel Allowance, Canteen Subsidy, Telephone. Expenses, Mobile Phone, Club Membership, Electricity/Gas, Servant/Gardener, Credit Cards, Furnishings/Durables, Holiday facilities, Medical reimbursements, Medical insurance, Personal Accident Scheme, other benefits; Retrials like, Any other performance oriented incentive including Stock Option Plan and; Soft Loans like Interest subsidy, etc) ; (Besides considering Un-bold part in the above CTC definition HR can consider to include leave salary , medi -claim part paid by company , value of company car , interest on loan if given to an employee, stock option if applicable, personal Accident insurance for employee, dress allowance or issuance to employee, Maintenance and petrol expenses (extent of employee portion) , etc to the costs to arrive at actual CTC.)
regards T S NARASIMHAN ED DARCL
From India, Tiruchirappalli
15CTC is the term used to denote the overall package an employer is going to offer to an employee. -CTC -cost to company. It is the total cost that an Organization is spending towards their employees which includes Salary details like Basic salary, Employer contribution to Provident fund, Superannuation fund, Gratuity; Bonus like Fixed Bonus, Productivity linked Variable Bonus House Rent Allowance, Company Leased Accommodation, Daily Allowance, City Compensatory Allowance, Special Allowance, Conveyance Allowance, Lunch Allowance, Entertainment Allowance, Books/Periodicals Allowance, Education Allowance, House Maintenance Allowance, Furnishing Allowance, Dress/Uniform Allowance, Other allowances; Benefits/Perks/Reimbursements like Value of company car, Car subsidy (or equivalent tax savings), Driver’s salary, Maintenance and Petrol Expenses, Leave Travel Allowance, Canteen Subsidy, Telephone. Expenses, Mobile Phone, Club Membership, Electricity/Gas, Servant/Gardener, Credit Cards, Furnishings/Durables, Holiday facilities, Medical reimbursements, Medical insurance, Personal Accident Scheme, other benefits; Retrials like, Any other performance oriented incentive including Stock Option Plan and; Soft Loans like Interest subsidy, etc) ; (Besides considering Un-bold part in the above CTC definition HR can consider to include leave salary , medi -claim part paid by company , value of company car , interest on loan if given to an employee, stock option if applicable, personal Accident insurance for employee, dress allowance or issuance to employee, Maintenance and petrol expenses (extent of employee portion) , etc to the costs to arrive at actual CTC.)
regards T S NARASIMHAN ED DARCL
From India, Tiruchirappalli
CTC COST TO COMPANY - for better understanding of the employee ( Reference ICAI Bulletin
CTC is the term used to denote the overall package an employer is going to offer you. -CTC -cost to company. It is the total cost that an Organization is spending towards their employees which includes Salary details like Basic salary, Employer contribution to Provident fund, Superannuation fund, Gratuity; Bonus like Fixed Bonus, Productivity linked Variable Bonus House Rent Allowance, Company Leased Accommodation, Daily Allowance, City Compensatory Allowance, Special Allowance, Conveyance Allowance, Lunch Allowance, Entertainment Allowance, Books/Periodicals Allowance, Education Allowance, House Maintenance Allowance, Furnishing Allowance, Dress/Uniform Allowance, Other allowances; Benefits/Perks/Reimbursements like Value of company car, Car subsidy (or equivalent tax savings), Driver’s salary, Maintenance and Petrol Expenses, Leave Travel Allowance, Canteen Subsidy, Telephone. Expenses, Mobile Phone, Club Membership, Electricity/Gas, Servant/Gardener, Credit Cards, Furnishings/Durables, Holiday facilities, Medical reimbursements, Medical insurance, Personal Accident Scheme, other benefits; Retrials like, Any other performance oriented incentive including Stock Option Plan and; Soft Loans like Interest subsidy, etc) ; (Besides considering Un-bold part in the above CTC definition HR can consider to include leave salary , medi -claim part paid by company , value of company car , interest on loan if given to an employee, stock option if applicable, personal Accident insurance for employee, dress allowance or issuance to employee, Maintenance and petrol expenses (extent of employee portion) , etc to the costs to arrive at actual CTC.)
regards TS NARASIMHAN ED DARCL
From India, Tiruchirappalli
CTC is the term used to denote the overall package an employer is going to offer you. -CTC -cost to company. It is the total cost that an Organization is spending towards their employees which includes Salary details like Basic salary, Employer contribution to Provident fund, Superannuation fund, Gratuity; Bonus like Fixed Bonus, Productivity linked Variable Bonus House Rent Allowance, Company Leased Accommodation, Daily Allowance, City Compensatory Allowance, Special Allowance, Conveyance Allowance, Lunch Allowance, Entertainment Allowance, Books/Periodicals Allowance, Education Allowance, House Maintenance Allowance, Furnishing Allowance, Dress/Uniform Allowance, Other allowances; Benefits/Perks/Reimbursements like Value of company car, Car subsidy (or equivalent tax savings), Driver’s salary, Maintenance and Petrol Expenses, Leave Travel Allowance, Canteen Subsidy, Telephone. Expenses, Mobile Phone, Club Membership, Electricity/Gas, Servant/Gardener, Credit Cards, Furnishings/Durables, Holiday facilities, Medical reimbursements, Medical insurance, Personal Accident Scheme, other benefits; Retrials like, Any other performance oriented incentive including Stock Option Plan and; Soft Loans like Interest subsidy, etc) ; (Besides considering Un-bold part in the above CTC definition HR can consider to include leave salary , medi -claim part paid by company , value of company car , interest on loan if given to an employee, stock option if applicable, personal Accident insurance for employee, dress allowance or issuance to employee, Maintenance and petrol expenses (extent of employee portion) , etc to the costs to arrive at actual CTC.)
regards TS NARASIMHAN ED DARCL
From India, Tiruchirappalli
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.
CTC Calculator.xls