:?: Incentives is part of Gross Salary????????????? :?: If "YES" then Why??????????? Awaiting for clarification...
From India, Mumbai
3From India, Mumbai
Dear Soma,
Many organisations have incentives as a part of the CTC but the pay out may vary. Computing incentives monthly is a big struggle and so they can be paid out quarterly/ six monthly/ yearly.
Well you can include the incentives as part of the CTC but make sure you make a note about the pay out duration to avoid issues.
Regards,
Resha
From India, Mumbai
Many organisations have incentives as a part of the CTC but the pay out may vary. Computing incentives monthly is a big struggle and so they can be paid out quarterly/ six monthly/ yearly.
Well you can include the incentives as part of the CTC but make sure you make a note about the pay out duration to avoid issues.
Regards,
Resha
From India, Mumbai
HI,
Salary may or may not be the part of gross CTC.
1. May Be
1.1 : When it is given on performance basis (PLI)
1.2 or in the form of bonus.
2. May not be
2.1. When it is given on product basis eg if you sell or deliver this qty you will be given x amount. Like in sales employees get on the basis of their sales.
Salary may or may not be the part of gross CTC.
1. May Be
1.1 : When it is given on performance basis (PLI)
1.2 or in the form of bonus.
2. May not be
2.1. When it is given on product basis eg if you sell or deliver this qty you will be given x amount. Like in sales employees get on the basis of their sales.
Yes incentive is a part of gross salary may be it is an production incentive or may it be an attendance related incentive .
From India, Calcutta
From India, Calcutta
Some organizations, esp. financial sector, do not have the incentives as a part of the CTC. The incentives are over and above the CTC and purely performance based.
If, the incentives are a part of CTC as mentioned in the appointment letter, then the time of payment (yearly / quarterly) should be clarified.
Priya
If, the incentives are a part of CTC as mentioned in the appointment letter, then the time of payment (yearly / quarterly) should be clarified.
Priya
Hi,
Incentive is not a part of Gross Salary.
First of all one has to understand there are two terms used in Salary part
-Fixed CTC & Variable CTC
Fixed part consists of Gross Salary and other benifits given by Company like PF contribution, Gratuity, Superannuation.All these make Fixed CTC.
Variable CTC is ment for the performance incentive / incentive that is purely based upon the performance and varies as based on your performance .
Hope you got your doubt clear :!: :D
Regards,
Rachna Sinha
Hyderabad
From India, Hyderabad
Incentive is not a part of Gross Salary.
First of all one has to understand there are two terms used in Salary part
-Fixed CTC & Variable CTC
Fixed part consists of Gross Salary and other benifits given by Company like PF contribution, Gratuity, Superannuation.All these make Fixed CTC.
Variable CTC is ment for the performance incentive / incentive that is purely based upon the performance and varies as based on your performance .
Hope you got your doubt clear :!: :D
Regards,
Rachna Sinha
Hyderabad
From India, Hyderabad
Hi,
I believe that Incentives are paid for better performance.
Though it is taxable at the end of employee, it can not be considered as part of gross salary, though it should be considered as part of CTC. Pls also note that certain Acts e.g. ESI, are applicable on gross salary. Ading incentive to gross salary will only increase the burden on employee as well as on employer.
Anup
From India, Hyderabad
I believe that Incentives are paid for better performance.
Though it is taxable at the end of employee, it can not be considered as part of gross salary, though it should be considered as part of CTC. Pls also note that certain Acts e.g. ESI, are applicable on gross salary. Ading incentive to gross salary will only increase the burden on employee as well as on employer.
Anup
From India, Hyderabad
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Conf_RevMeeting _CPFC_20570_MOM 10% refund on admin charges incentive.pdf
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