Hello, In Appointment letter needs to mention only bifurcation of Gross salary, No needs to mention his CTC break up. Thanking you, Regards, Ashish Thakkar
From India, Pune
175From India, Pune
It is always advisable to give the Breakup of the CTC to all the employees as a Annexure to the Appointment Letter, since the employees should not be kept in dark with regards to the CTC. Nowadays employees do complain that they were promised to give x salary but they are given y salary stating that some of the component is a part of CTC.
But it is not mandate by any law/ACT
From India, Ahmadabad
But it is not mandate by any law/ACT
From India, Ahmadabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
CTC Calculator.xls