Sap Hr Professional
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.
3rd November 2006 From India, Faridabad
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.
3rd November 2006 From India, Delhi
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 :
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 )
LEAVE WITH WAGES
THESE ALL ARE INCLUDED FROM THE EMPLOYERS POINT BECAUSE HE IS SHOULDERING THE ALL EXPENSES.
3rd November 2006 From India, Pune
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.
1st August 2007 From India, Delhi