MOONSKY Started The Discussion:
Please provide information about how to calculate the CTC. regards Satish Kumar Yadav
5th September 2007 From India, Pune

Hi Satish,

Plz find below the Breakup Part in one's CTC:-

Basic= 40% of CTC(varry from 30% to 40% from company to company)
HRA= 50% of Basic (for Metros) and 40% of Basic(for rest part)
Convayance Allow
Medical Allow
Special Allow
Other Allow

Summing all above gives Gross Salary
Further If Company gives their contribution as PF ,Gratuity , Superannuation then adding these to gross becomes CTC ie. Cost to Company.

Hope you got your question answered!!!!

Regards
Rachna Sinha
5th September 2007 From India, Hyderabad
Hi Satish,

CTC is actually the total Cost to Company and varies depending on individual company's philosohy regarding compensation positioning.
Some companies do calculate the benefits given to staff also under the term of CTC while certain companies keep those separate. It depends on company how they want to articulate it, but primarily CTC comprises of -

Annual Base Salary - In Indian context, , the term "Base salary" is generally construed as "Basic" salary, while in European context, there is only the Base salary and no other "cash allowances". You might like to keep this in mind while designing the structure

Cash Allowances (Both monthly +Annual) - Includes components like HRA,Conveyance,LTA,Spl Allowance,CCA etc. There are NO mandated heads which need to be necessary part of this.

Annual Guaranteed Cash - Is a summation of Annual Base salary + Cash Allowances as mentioned above

Annual Total Cash - Is the addition of Annual Guaranteed Cash + Variable Pay/Sales Incentive/Profit Sharings

Annual Total Remuneration - Annual Total Cash + Non cash benefits like Loans/Car/Petrol/maintenance/Driver/Club Membership/Housing/Insurance premium etc

CTC would be the sum of Annual Total Remuneration given above + retirals like Gratuity/PF/Superannuation costs added to the same
5th September 2007 From India, Bangalore
Dear Friend,

Kindly click on the following link, it will give you some required information,

http://www.citehr.com/search_new.php?q=CTC&submit=Go

Pls let me know was this information useful,,

If not let me try out more & give information,,,,

In CiteHR you will get A to Z information on HRů..

Regards

M. Peer Mohamed Sardhar
093831 93832
5th September 2007 From India, Coimbatore
i am uploading a file used by me. hope this will help you
6th September 2007 From United Arab Emirates, Dubai
Attached Files
Shared By Cite.Community Member "nandishsheregar" For Public Download
File Type: xls ctc_184.xls (18.0 KB, 2169 views)
Hi Can any of you help me how to calculate Variable pay for Managers in MAnufacturing industry. THanks
13th November 2008 From India, Bangalore



 
 
 
 







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