Amit_goyal_2002
Sap Hr Professional
Venkat0707
Consultant
Bajju123
Hr Professional
Patelmahadev
Hr Professional

Thread Started by #patelmahadev

Dear All,
i have received offer letter from the one of the leading engineering compnies and my mothly package is Rs.20000 which doesnot include bonus but i am not clear about difference between CTC PM and Monthly Package.
Please get me clear in above said area.
With regards,
Dev
3rd November 2006 From India, Mumbai
Hi Dev
Montly package is your Salary PM and CTC is always Annually.
You will have to ask that whether 20000 will be your gross salary or take home salary. Get this clarity from the company.
Please feel free for any other clarification.
Regards
Sujata
3rd November 2006 From India, Faridabad
Hi,
CTC means, Monthly Gross Salary+Other Benefits & Perquisities+Bonus component.
Monthly Gross generally includes BASIC+HRA+Any other allowances.
So if your Monthly Gross is 20K then your CTC will be 2.4 lacs if that organization does not have any other benefit or it will be 2.4 lacs+ cost of other components or benefits offered or applicable to you
Hope it clarifies.
Amit
3rd November 2006 From India, Delhi
Dear dev,
MONTHLY PACKAGE IS WHAT YOU ARE PROMISED WITH
IN YOUR CASE RS. 20000.00
IN CASE OF CTC ( WHICH CAN BE MEASURED IN MONTHLY BASIS TOO ) THE EMPLOYER SHOULDERING THE MONETERY LIABLITIES DUE TO OCCURANCE OF ONE POST WHERE YOU ARE AT PRESENT SUCH AS :
SALARY,
PROVIDENT FUND ( IF APPLICABLE )
BONUS ( IF APPLICABLE BECAUSE IT DEPEND ON THE EMPLOYER TO PAY U AS THE UPPER LIMIT TO PAY THE BONUS IS ON RS. 3500/- BASIC )
GRATUITY
LEAVE WITH WAGES
UNIFORM
CANTEEN,
VARIOUS INCENTIVES,
TRAINING COST,
INFRASTRUCTURE COST,
MEDICAL EXPENSES
INSURANCE
PETROL ALL.
TRANSPORT
THESE ALL ARE INCLUDED FROM THE EMPLOYERS POINT BECAUSE HE IS SHOULDERING THE ALL EXPENSES.
REGARDS,
PRANAV
3rd November 2006 From India, Pune
Cost To Company (CTC) will always be in a yearly basis. Its a content of whole monetary benefit what you are going to get from the company. regards Venkadesh.r
1st August 2007 From India, Mumbai
Hi Dev,
Monthly CTC and monthly package both are same. It means your salary alongwith cash value of all the fringe benefits. Some companies do not include bonus in the CTC while some includes, so regarding Bonus thing you have to get in touch with your HR.
Amit Goyal
1st August 2007 From India, Delhi
Not understanding how much is my monthly take home and what will be my variable pay and when will it be paid?
6th April 2019 From India, Ernakulam

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