Hi all,
Could anyone please tell me the answers to the following questions:
1. What is the difference between CTC and Gross Salary, and what does PF have to do with it?
2. What are the usual salary components of a white-collared employee that must be included in the salary?
3. What are the taxable salary components of a white and blue-collared employee, and up to what limit?
4. Is E.S.I. also applicable to white-collared employees, or is it meant for blue-collared employees only? If yes, then what is the contribution and the limit?
5. What is the most commonly used performance appraisal method prevalent in companies for white-collared employees apart from 360 appraisals?
6. Also, could anyone send me the format of a 360-degree appraisal form?
Please help me out with the answers.
Prashant
[singhps21@sify.com](mailto:singhps21@sify.com)
From India, Delhi
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10Could anyone please tell me the answers to the following questions:
1. What is the difference between CTC and Gross Salary, and what does PF have to do with it?
2. What are the usual salary components of a white-collared employee that must be included in the salary?
3. What are the taxable salary components of a white and blue-collared employee, and up to what limit?
4. Is E.S.I. also applicable to white-collared employees, or is it meant for blue-collared employees only? If yes, then what is the contribution and the limit?
5. What is the most commonly used performance appraisal method prevalent in companies for white-collared employees apart from 360 appraisals?
6. Also, could anyone send me the format of a 360-degree appraisal form?
Please help me out with the answers.
Prashant
[singhps21@sify.com](mailto:singhps21@sify.com)
From India, Delhi
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Hi Prashant,
What are the differences between CTC & Gross Salary, and what does PF have to do with it?
Gross Salary - Taxes - PF = Net Salary
Usually, the term Gross Salary is interchangeable with CTC, which includes PF and other benefits like health insurance premium, etc.
What are the usual salary components of a White-Collared Employee, especially those that must be included in the salary?
Please refer to the section on compensation for a detailed breakdown.
Is E.S.I also applicable to White-Collared employees, or is it meant for Blue-Collared employees only? If yes, then what is the contribution and the limit?
ESI is meant for those who earn less than a gross salary of Rs 7500 per month, with contributions of 1.75% from the individual and 4.75% from the company, respectively. Employees receiving a daily average wage of up to Rs 40 are exempt from contribution.
Contribution Period and Benefit Period
There are two contribution periods, each of six months' duration, and two corresponding benefit periods, also of six months' duration, as follows:
Contribution period: 1st April to 30th Sept.
Corresponding Cash Benefit period: 1st January of the following year to 30th June.
Contribution period: 1st Oct. to 31st March
Corresponding Cash Benefit period: 1st July to 31st December of the following year.
What is the most commonly used performance appraisal method prevalent in companies for White-Collared employees, apart from the 360 appraisal?
Please refer to the section on PA.
Cheerio,
Rajat
From India, Pune
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What are the differences between CTC & Gross Salary, and what does PF have to do with it?
Gross Salary - Taxes - PF = Net Salary
Usually, the term Gross Salary is interchangeable with CTC, which includes PF and other benefits like health insurance premium, etc.
What are the usual salary components of a White-Collared Employee, especially those that must be included in the salary?
Please refer to the section on compensation for a detailed breakdown.
Is E.S.I also applicable to White-Collared employees, or is it meant for Blue-Collared employees only? If yes, then what is the contribution and the limit?
ESI is meant for those who earn less than a gross salary of Rs 7500 per month, with contributions of 1.75% from the individual and 4.75% from the company, respectively. Employees receiving a daily average wage of up to Rs 40 are exempt from contribution.
Contribution Period and Benefit Period
There are two contribution periods, each of six months' duration, and two corresponding benefit periods, also of six months' duration, as follows:
Contribution period: 1st April to 30th Sept.
Corresponding Cash Benefit period: 1st January of the following year to 30th June.
Contribution period: 1st Oct. to 31st March
Corresponding Cash Benefit period: 1st July to 31st December of the following year.
What is the most commonly used performance appraisal method prevalent in companies for White-Collared employees, apart from the 360 appraisal?
Please refer to the section on PA.
Cheerio,
Rajat
From India, Pune
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GROSS SALARY&CTC FOR 15500.xls