Dear Sir/Madam, Could some one help me with a proper definition to define cost to company?
From United States
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2From United States
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Hi Keerti,
CTC is defined as total cost incurred by the company on an employee. Obvious expenses are Monthly Salary, Bonus, Employer's contribution towards his PF. Then you can add gratuity (Which company will be required to pay to an employee who has served for at least 5 yrs @ half month's salary for each completed year of service) To include this in the CTC, one may divide 2 and half times salary by 60 and add it to the monthly CTC. The management may also include expenses like transportation, telephone bill, subsidised food etc to this list of COST which company is incurring on the employee.
Hope that clarifies.
Regards,
Naresh Taneja
From India, Mumbai
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CTC is defined as total cost incurred by the company on an employee. Obvious expenses are Monthly Salary, Bonus, Employer's contribution towards his PF. Then you can add gratuity (Which company will be required to pay to an employee who has served for at least 5 yrs @ half month's salary for each completed year of service) To include this in the CTC, one may divide 2 and half times salary by 60 and add it to the monthly CTC. The management may also include expenses like transportation, telephone bill, subsidised food etc to this list of COST which company is incurring on the employee.
Hope that clarifies.
Regards,
Naresh Taneja
From India, Mumbai
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Hi Keerti,
Please find attached the excel file, it details the CTC-cost to company and also is a useful salary calculator.
As mentioned by naresh its just a term given to the package offered by the employer to the employee. It also helps the employer to keep track of actual amount being spent on a employee and hence budgeting becomes easier too. Also since nowadays there are many variable parameters being introduced to CTC it becomes a big package and hence the employer as well as the employee is proud to declare it.
Regards,
AJ
From India, Thana
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Please find attached the excel file, it details the CTC-cost to company and also is a useful salary calculator.
As mentioned by naresh its just a term given to the package offered by the employer to the employee. It also helps the employer to keep track of actual amount being spent on a employee and hence budgeting becomes easier too. Also since nowadays there are many variable parameters being introduced to CTC it becomes a big package and hence the employer as well as the employee is proud to declare it.
Regards,
AJ
From India, Thana
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Hi, my salary is 18,000 INR CTC. I want to create a salary slip, so I need to break down this CTC into a detailed salary breakup and generate a professional salary slip according to standard practices. Please assist me in developing a salary slip without including the provident fund component. Thank you.
From India, Roorkee
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From India, Roorkee
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Hello sir/madam,
I need a salary slip from March to May 2018. My Total Cost to Company (TCTC) is INR 1,68,000. Please help. I am working as a Recruitment Executive. My last company cannot provide me with my salary slip. Currently, I need this to join another company.
From India, Badarpur
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I need a salary slip from March to May 2018. My Total Cost to Company (TCTC) is INR 1,68,000. Please help. I am working as a Recruitment Executive. My last company cannot provide me with my salary slip. Currently, I need this to join another company.
From India, Badarpur
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Hello sir/madam, I need a salary slip from March to May 2018. My TCTC is $14,000 per month. I need the pay slip for March 2018 to May 2018. Please help. I am working as a Recruitment Executive. My last company can't provide me with my salary slip. Currently, I need this to join another company.
From India, Badarpur
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From India, Badarpur
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Hi Anyone please help me Its urgent need a salary slip format for 30k pm.in hand salary.No PF ESI.
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CTC Calculator.xls