monikachaudhary
What is the meaning of CTC? What can it include?
From India, Delhi
raghavendra_br
4

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
pg02jay@yahoo.co.in
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
rajusiachen
22

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
vinodsharma68
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


rajesh_131979
1

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
raazz.hr
CTC means cost to company
simply means that every pie that is being paid to an employee is treated as part n parcel of the Salary that is recieved by the employee from the employer either monetary or non - monetary

From India, Visakhapatnam
Vijay-Jadav
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
madhancraj
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
Vijay-Jadav
Yes, CTC means every cost being incurred by the organization for retaining its work force.
From India
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