Head - Human Resources
+1 Other

Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Hi Seniors Can anybody please tell me. What is CTC ? What all comes under CTC & what does not comes under CTC ?
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 .

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 :)

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

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
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 @ 2020 Cite.Co™