Dear All, Please Any one could tell me how to calculate ctc of an employee? Regards, Vishwanath Savula,
From India, Hyderabad
19From India, Hyderabad
Dear Vishwanath,
CTC stands for cost to the company i.e the total expenditure of the company towards a particular employee. It includes each and every cost in terms of money and materials, some of the components are-
Gross Salary
Bonus
PF Contribution from employer side
ESI or Medical contribution from Employer side
Cell Phone Allowance
Hard furnishing goods
Food coupons etc.
Hope it will be fine with you to solve your query.
Regards,
Amit Seth.
From India, Ahmadabad
CTC stands for cost to the company i.e the total expenditure of the company towards a particular employee. It includes each and every cost in terms of money and materials, some of the components are-
Gross Salary
Bonus
PF Contribution from employer side
ESI or Medical contribution from Employer side
Cell Phone Allowance
Hard furnishing goods
Food coupons etc.
Hope it will be fine with you to solve your query.
Regards,
Amit Seth.
From India, Ahmadabad
though this is company specific, the general rule followed is:
Basic Pay (Base pay + employers contributions towards retirals: PF, Gratuity, Superannuation Fund) +
Allowances (all cash allowances like Housing, Medical, Conveyance, Education, etc.)+
Performance Pay (fixed or variable bonus, estimated value of ESOP)+
Any other cashable benefit (mobile phones, fuel charges, food coupons, etc.)
hope this would help..
Cheers,
Sanjeeb
Basic Pay (Base pay + employers contributions towards retirals: PF, Gratuity, Superannuation Fund) +
Allowances (all cash allowances like Housing, Medical, Conveyance, Education, etc.)+
Performance Pay (fixed or variable bonus, estimated value of ESOP)+
Any other cashable benefit (mobile phones, fuel charges, food coupons, etc.)
hope this would help..
Cheers,
Sanjeeb
Hi Amit Can you send me the structure ( standard ) of calculating CTC. What is Adhoc Allowence Plz guide
From India, Kanpur
From India, Kanpur
I was questioned by an employee in my organisation weather do we get a loan on PF or Gratuity. Just needed to know. Regards Reena D’Silva
Hi Reena,
Yes it is in practice that one can get loan over PF fund but upto how much amount or whats the calculation to do so, that i am not confirmed. Even Banks also provide the same i.e one can get loan from Banks also over his PF fund.
Regards,
Amit Seth.
From India, Ahmadabad
Yes it is in practice that one can get loan over PF fund but upto how much amount or whats the calculation to do so, that i am not confirmed. Even Banks also provide the same i.e one can get loan from Banks also over his PF fund.
Regards,
Amit Seth.
From India, Ahmadabad
Hi Sankara,
Hi Nisha,
CTC stands for cost to the company i.e the total expenditure of the company towards a particular employee. It includes each and every cost in terms of money and materials, some of the components are-
Gross Salary
Bonus
PF Contribution from employer side
ESI or Medical contribution from Employer side
Cell Phone Allowance
Hard furnishing goods
Food coupons
Mobile recharge etc.
Hope now it will be very much clear to you,, if you have any query feel free to ask.
Regards,
Amit Seth.
From India, Ahmadabad
Hi Nisha,
CTC stands for cost to the company i.e the total expenditure of the company towards a particular employee. It includes each and every cost in terms of money and materials, some of the components are-
Gross Salary
Bonus
PF Contribution from employer side
ESI or Medical contribution from Employer side
Cell Phone Allowance
Hard furnishing goods
Food coupons
Mobile recharge etc.
Hope now it will be very much clear to you,, if you have any query feel free to ask.
Regards,
Amit Seth.
From India, Ahmadabad
Dear,
CTC is calculated on the following parameters.
Gross Salary
Bonus
PF Contribution from employer side
ESI or Medical contribution from Employer side
Any Allowance
Food coupons etc.
Canteen facilities
Gratuity
All reimbursable allowances
But it is varried from company to company, how the managment is thinking and what are the parameter they intend to take while calculating the recruiment budget.
Regards,
Chandan
From Japan, Tokyo
CTC is calculated on the following parameters.
Gross Salary
Bonus
PF Contribution from employer side
ESI or Medical contribution from Employer side
Any Allowance
Food coupons etc.
Canteen facilities
Gratuity
All reimbursable allowances
But it is varried from company to company, how the managment is thinking and what are the parameter they intend to take while calculating the recruiment budget.
Regards,
Chandan
From Japan, Tokyo
Hi Sravani and Mamatha, I have send the details at your personal mail id which been specified over here, check your mail. Regards, Amit Seth.
From India, Ahmadabad
From India, Ahmadabad
Hi Sandeep,
Hi Sandeep,
CTC stands for cost to the company i.e the total expenditure of the company towards a particular employee. It includes each and every cost in terms of money and materials, some of the components are-
Gross Salary
Bonus
PF Contribution from employer
side
ESI or Medical contribution from Employer side
Cell Phone
Allowance
Hard furnishing goods
Food coupons
And i have send the details at your email as been specified, check your mail.
Regards,
Amit Seth
From India, Ahmadabad
Hi Sandeep,
CTC stands for cost to the company i.e the total expenditure of the company towards a particular employee. It includes each and every cost in terms of money and materials, some of the components are-
Gross Salary
Bonus
PF Contribution from employer
side
ESI or Medical contribution from Employer side
Cell Phone
Allowance
Hard furnishing goods
Food coupons
And i have send the details at your email as been specified, check your mail.
Regards,
Amit Seth
From India, Ahmadabad
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CTC Calculator.xls