1
Hi, Following are the components: Basic HRA Medical Telephone Petrol LTA Children Education Allowance Conveyance Allowance PDA Special Allowance Provident Fund Employer Contribution Thanks
From India, Mumbai
From India, Mumbai
Hi
Pls find below some of the common CTC components.
Basic
DA
HRA
Medical
Conveyance
Wash Allow
Uniform Allow
Spl Allow
Telephone Allow
LTA
PF
ESI
Medical Insur
Gratuity
Edu Allow
Variable Pay / Performance Linked Pay
Bonus / Statutory Bonus
Car Hire
Petrol and Maintenance
Driver Salary
CLA
Superannuation
etc.,
Rgds
Kartheka R
From India, Madras
Pls find below some of the common CTC components.
Basic
DA
HRA
Medical
Conveyance
Wash Allow
Uniform Allow
Spl Allow
Telephone Allow
LTA
PF
ESI
Medical Insur
Gratuity
Edu Allow
Variable Pay / Performance Linked Pay
Bonus / Statutory Bonus
Car Hire
Petrol and Maintenance
Driver Salary
CLA
Superannuation
etc.,
Rgds
Kartheka R
From India, Madras
venki
CTC scope wide and vast, anything and everything the company spends for the employee, either direct or indirect, cash or kind,
Each company has its own policies.
the company will divide the salary under several heads, some taxable some not. so is is upto the company to distribute the salary through several heads
By the by _ CTC means cost to the company, if any does't know, which i doubt
nagaraj
From India, Bangalore
CTC scope wide and vast, anything and everything the company spends for the employee, either direct or indirect, cash or kind,
Each company has its own policies.
the company will divide the salary under several heads, some taxable some not. so is is upto the company to distribute the salary through several heads
By the by _ CTC means cost to the company, if any does't know, which i doubt
nagaraj
From India, Bangalore
dear venki
the term CTC itself means the cost incurred by company on employee
inclusion in ctc is diffirent from company to company
in our case ctc includes following componenets
DA
BASIC
PERSOANAL PAY
SPECIAL PERSONAL PAY
LTA
MEDICAL
SHIFT ALLOWANCE
HRA
MEDICLAIM PREMIUM
CANTEEN SUBSIDY
PETROL ALLOWANCE
DRIVERS SALARY
LEASE PREMIUM PAID BY COMPANY ON YOUR COMPANY LEASED CAR
PERFORMANCE PAY
SUPER ANNUATION
From India, Mumbai
the term CTC itself means the cost incurred by company on employee
inclusion in ctc is diffirent from company to company
in our case ctc includes following componenets
DA
BASIC
PERSOANAL PAY
SPECIAL PERSONAL PAY
LTA
MEDICAL
SHIFT ALLOWANCE
HRA
MEDICLAIM PREMIUM
CANTEEN SUBSIDY
PETROL ALLOWANCE
DRIVERS SALARY
LEASE PREMIUM PAID BY COMPANY ON YOUR COMPANY LEASED CAR
PERFORMANCE PAY
SUPER ANNUATION
From India, Mumbai
Hi,
CTC is the term used to denote the overall package an employer is going to offer you. This includes everything from salary to benefits and perks.
1. Usual components include basic salary & the usual components, medical benefits, vehicle and/or maintenance, telephone expenses, company's contribution to Provident Fund, Gratuity and Superannuation, group insurance schemes, leave travel benefits, incentives and bonuses, gifts during festivals, other annual/periodic payments if any, etc.
2. Salary as % of CTC is difficult to generalize. It depends on the components that make up the CTC as provided by a company. Even a lower CTC might mean a higher take home pay than an offer with higher CTC if the other components are arranged differently. Similarly, you cannot blindly infer that with increase in salary and position your pay as % of salary will increase/decrease. You have to assess each offer separately.
3. Indian companies usually talk in terms of CTC as the figures look more impressive. But often they may mislead a candidate. You need to carefully look at their offer and calculate yourself how much your take home pay will be. After all, all deductions are based on fixed percentages and you can easily arrive at a close figure. Even the company will guide you on this. Sometimes, even a lower take home pay may be beneficial if the other payments are made against vouchers/bills ( for e.g. telephones, cars, refreshment, etc.) This will ultimately lower your tax liability. Hence you should look at both CTC as well as Take home pay while negotiating. Don't use only one of the two to negotiate.
You also have to look at certain other criteria like work timings, no. of holidays, employee centric schemes for further education, etc. You can't put a money value to these things but obviously, you shouldn't ignore them as well.
From India, Dhanbad
CTC is the term used to denote the overall package an employer is going to offer you. This includes everything from salary to benefits and perks.
1. Usual components include basic salary & the usual components, medical benefits, vehicle and/or maintenance, telephone expenses, company's contribution to Provident Fund, Gratuity and Superannuation, group insurance schemes, leave travel benefits, incentives and bonuses, gifts during festivals, other annual/periodic payments if any, etc.
2. Salary as % of CTC is difficult to generalize. It depends on the components that make up the CTC as provided by a company. Even a lower CTC might mean a higher take home pay than an offer with higher CTC if the other components are arranged differently. Similarly, you cannot blindly infer that with increase in salary and position your pay as % of salary will increase/decrease. You have to assess each offer separately.
3. Indian companies usually talk in terms of CTC as the figures look more impressive. But often they may mislead a candidate. You need to carefully look at their offer and calculate yourself how much your take home pay will be. After all, all deductions are based on fixed percentages and you can easily arrive at a close figure. Even the company will guide you on this. Sometimes, even a lower take home pay may be beneficial if the other payments are made against vouchers/bills ( for e.g. telephones, cars, refreshment, etc.) This will ultimately lower your tax liability. Hence you should look at both CTC as well as Take home pay while negotiating. Don't use only one of the two to negotiate.
You also have to look at certain other criteria like work timings, no. of holidays, employee centric schemes for further education, etc. You can't put a money value to these things but obviously, you shouldn't ignore them as well.
From India, Dhanbad
Hi,
Good one, Now can anyone please advise, Increments have to be done on CTC or on Gross monthly/yearly salary, I mean to say CTC include bla bla things and vary from company to company so what are views on if company pays increment on CTC and not on gross earnings ?
From India, Mumbai
Good one, Now can anyone please advise, Increments have to be done on CTC or on Gross monthly/yearly salary, I mean to say CTC include bla bla things and vary from company to company so what are views on if company pays increment on CTC and not on gross earnings ?
From India, Mumbai
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