CTC (Cost to Company) means every single penny spent by the company on the employee i.e if you even have a coffee in your office the cost of it will be added in your remuneration, likewise transportation, gratuity and other benefits where as Gross salary include net salary + PF.
Please see the attachment for reference.
Suggestion: Always negotiate your salary on Gross rather than on CTC
2nd April 2010 From India, Lucknow
3rd April 2010 From India, Coimbatore
Gross Salary consists of all earning components, such as BASIC, HRA, DA, CCA and other allowances
Net Salary is Gross Salary LESS deductions, such as PF, ESIS, Professional Tax, TDS etc
Cost to company is Gross Salary PLUS contributions such as company's contribution to PF, ESIC, Gratuity, Superanniation, medical insurance etc PLUS the value of perquisites, such as Car, House and other non-cash benefits.
3rd April 2010 From India, Mumbai
A Emp getting the salary of Rs.10000 per month (Basic 4000, DA 1500, HRA 1200, Perks 1300, Med Allo 1000, Other Allo 1000) Here the normal working days is 26 /Month v have taken into working days.
If the employee's Workg Days is 10 means normally we can calculate (10000/26)*10 (if there is no Leave Benefits & No other Benefits) Is it not?
But my Quest is How can v break up the 10 days salary?
how v deduct the LOP amt from above mentioned Heads?
How much v have to take for PF?
Clarify any one pls?
4th April 2010 From India, New Delhi