CTC refers to "COST TO COMPANY "
this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
hope this satisfies your query
Regards,
Raghavendra B R
From India, Pune
4this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
hope this satisfies your query
Regards,
Raghavendra B R
From India, Pune
Subject : What is CTC ? ctc refers :"cost to company" this includes : gross salary + (pf + esi or medical insurance + bonus +gratuity) + others incentives or facilities. Regards jay
From India, Delhi
From India, Delhi
CTC - Cost to Company - is the TOTAL investment from a company to maintain an invididual / employee on their rolls. This may be in cash or kind which is translated to financial outgo for a company.
Rajusiachen
From India, Coimbatore
Rajusiachen
From India, Coimbatore
Dear Concerned,
CTC includes the following:
SN
Particulars
%age
Remark
1
Basic Pay
40% of CTC
There is not fixed criteria, but this is normal practice in industries. It can be verified…
2
Dearness Allowance
As the case may be
3
House Rent Allowance
40% of Basic
4
Conveyance Allowance
800 pm
5
Medical Allowance/Reimbursement
Fitment
6
Education Allowance
Fitment
7
All Allowances
Fitment
8
LTA
Fitment
TOTAL(A) , GROSS SALARY
9
Employer share PF
13.61% of Basic Pay
10
Leave, if leave quantum is 39 in a year
10.68 % of Basic
11
Gratuity
4.81% of Basic
12
Uniform, Shoes
TOTAL (B)
TOTAL A&B arrive at CTC
This is Cost to the Company, it varies from industry to industry
Hope above table will make some sense.
Regards
Vinod,
HR, Tarapur
CTC includes the following:
SN
Particulars
%age
Remark
1
Basic Pay
40% of CTC
There is not fixed criteria, but this is normal practice in industries. It can be verified…
2
Dearness Allowance
As the case may be
3
House Rent Allowance
40% of Basic
4
Conveyance Allowance
800 pm
5
Medical Allowance/Reimbursement
Fitment
6
Education Allowance
Fitment
7
All Allowances
Fitment
8
LTA
Fitment
TOTAL(A) , GROSS SALARY
9
Employer share PF
13.61% of Basic Pay
10
Leave, if leave quantum is 39 in a year
10.68 % of Basic
11
Gratuity
4.81% of Basic
12
Uniform, Shoes
TOTAL (B)
TOTAL A&B arrive at CTC
This is Cost to the Company, it varies from industry to industry
Hope above table will make some sense.
Regards
Vinod,
HR, Tarapur
CTC means Cost to Company It includes CTC=BASIC SALARY+ALLOWANCES+EMPLOYER CONTRIBUTION INTO PF & ESI+OTHER INCENTIVES ETC PAID BY COMPANY Regards, Rajesh Kumar HR-Compliance
From India, Mumbai
From India, Mumbai
CTC of an emplyee means the total cost incurred for retaining the Employees. This includes Basic Salary, All Allowances, PF & ESI Contributions by company and other incentives. Vijay Jadav
From India
From India
Hi All,
My CTC is 5.5L. How do I calculate my take home. Please guide me how to calculate take home. The Salary break up is as below...
basic:164400
india allowance:72000
conveyance allowance:9600
customized Allowance pool:247852
variable pay:27500
Sub Total: 521352
insurance premium:700
company contribution to PF:19728
gratuity:8220
Grand total: 550000
Thanks.
From India, Hyderabad
My CTC is 5.5L. How do I calculate my take home. Please guide me how to calculate take home. The Salary break up is as below...
basic:164400
india allowance:72000
conveyance allowance:9600
customized Allowance pool:247852
variable pay:27500
Sub Total: 521352
insurance premium:700
company contribution to PF:19728
gratuity:8220
Grand total: 550000
Thanks.
From India, Hyderabad
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