Can anybody explain me CTC concept in detail and its benefits from both Employer’s and Employee’s point of view?
From India, Mumbai
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1From India, Mumbai
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Hi Pranita,
I am Amit Seth, working with an IT company in Ahmedabad.
CTC stands for Cost to the Company, i.e., the total cost in terms of money or material that the company has to bear to employ a particular employee. It includes:
- Gross/Month
- Bonus
- Incentives
- PF contribution from the employer side
- ESI contribution from the employer side
- Mediclaim facility cost
- Fuel Allowance
- Food Coupons
- Hard furnishing cost if any in the Policy
- And likewise, any other costs.
Hope this information is helpful.
Regards,
Amit Seth
amitmhrm@sify.com
From India, Ahmadabad
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I am Amit Seth, working with an IT company in Ahmedabad.
CTC stands for Cost to the Company, i.e., the total cost in terms of money or material that the company has to bear to employ a particular employee. It includes:
- Gross/Month
- Bonus
- Incentives
- PF contribution from the employer side
- ESI contribution from the employer side
- Mediclaim facility cost
- Fuel Allowance
- Food Coupons
- Hard furnishing cost if any in the Policy
- And likewise, any other costs.
Hope this information is helpful.
Regards,
Amit Seth
amitmhrm@sify.com
From India, Ahmadabad
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Hi Amit,
Thank you for helping us out. Based on your email address, it is understood that you work with Sify Broadband Co. Amit, if you could assist me in finding a job in Mumbai (as I am located here). I have 1.8 months of experience and I am currently pursuing my MBA and M.Com.
Regards,
Dishita Mehta
From India, Mumbai
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Thank you for helping us out. Based on your email address, it is understood that you work with Sify Broadband Co. Amit, if you could assist me in finding a job in Mumbai (as I am located here). I have 1.8 months of experience and I am currently pursuing my MBA and M.Com.
Regards,
Dishita Mehta
From India, Mumbai
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INCLUDE WASH CTC OF EMPLOYEE.xls
Employee's Compensation Act-2009.pdf