Hi Seniors Can anybody please tell me. What is CTC ? What all comes under CTC & what does not comes under CTC ?
From India, Calcutta

Hi Amar,
Firstly confirm me are you fresher for HR Profile ?
CTC - Cost to Company , and salary bifurcation will be Basic , HRA , Conveyance , Medical allowance , Telephone allowance , attendance allowance , food allowance , special allowance , pf , pt , variable pay .

From India, Delhi

Head - Human Resources
Hi Amar,
Cost to Company can be used to refer to the total cost that an organization is spending towards their employee including the Salary, Perks, Cost related to benefits, Cost related to hiring, Training, Retirals, Statutory Contributions etc. In general, the CTC can be defined as:
CTC = Direct benefits + Indirect benefits + Saving Contributions
You can also use the Research tab given here as that would help you, go through different threads discussed on the same topic, earlier.
In humorous terms - Cost to company is a trick of a company and HR department, to show that they are paying a big salary, but unfortunatly it is just bubble :)

From India, Bangalore
CTC consists of total of the following
1. Basic
2. House Rent Allowance
3. Special Pay
4. Conveyance Allowance
5. Employer Contribution towards Provident Fund
6. Employer Contribution towards ESI / Personal Insurance
7. Salary in lieu of Earned Leave
8. Gratuity
9. Statutory Bonus @ 11%
10. Food Coupons
11. Education Allowance
12. Medical Allowance
13. Telephone Allowance

From India, Jodhpur
This discussion thread is old and is closed for new comments. If you want to continue this discussion or have a follow up question, please post a new thread. Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 Cite.Co™