Bonus Is A Part Of Ctc - CiteHR
Sumitk.saxena
Service/manager-hr
Tushar.swar
Manager - Human Resource
Rkn61
Hr Manager
Nikhilraj
Sr.personnel Officer-ir
Pon1965
Construction
Anurag Jain
Hr Manager

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dear all members Our company auditor asking clarification? bonus is a part of CTC? Please clearly Bonus is a part of ctc and provide any notification is their
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Any benefits given to the employee is considered as Cost to the Company. No notification to this effect is released by the Govt. Pon
Dear Nikhilraj,
CTC (Cost to company) is consist of all cost which occure toward any employees, its like, PF (Employer contribution), ESIC (employer contribution), Medicalim, Personal accident policy, bonus, etc..
& there is nothing any notification by gov. as it is not concern to gov. its purely company policy. this is unwritten corporate law.
Regards,
Tushar Swar
The items falling and part of the CTC is a matter of company; which it wants to include to arrieve at.
As per law, bonus calculated on profits and for the same redister A,B,C,D are maintained by the companies. At present, the eligibility for bonus is employment of minimum of 30 days in the previous year and salary of Rs 10000.00. If we are paying bonus for a person having salary of Rs 20000.00; technically the payment to such person given as bonus is incorrect. It shall be an exgratia.
Therefore, from the law point of view, it is incorrect to mention bonus in the CTC (it requires declaration for the financial year; it has been given).
Largely, companies having practice of showing Bonus and Gratuity as a part of the CTC.
Dear Nikhilraj,
Greetings for the day,
CTC means the cost to company i.e what is the cost of an employee bearing by the company including the gross salary. in addition to pon1965 i also agree any componsation & benefit provided to employee is considerd as CTC , bonus is the part of it. For this no notifiaction is required either form the side.
thanks & regards,
From,
sumit kumar saxena
In order to project an inflated CTC amount, Bonus amount is considered as part of CTC (all benefits given to
employee converted into cash value) shall be total COST TO COMPANY (CTC) for an employee.
This is a procedure used by HR team in salary fitment process, before appointing an employee and
before offering a position .
Thanks
R K Nair
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