The concept of CTC is the total cost incurred to the employee against the following
1) Fixed Earnings (Basic, DA, Medical allowance, Conveyance allowance etc.)
2) Benefits (ER contribution to ESI, EPF, Gratuity, Statutory bonus , Night shift allowance etc..)
3) Variable Earnings (performance allowance, retaining allowance, incentives etc...)
Hope this will clear your doubts
4th January 2016 From India, Bangalore
Thanks for your reply.
I actually want to know the percentage or may be in excel format.
For exp. if you have given a ctc of Rs.14500/- then how do we bifurcate the same including the ESI/PF of both employee-employer. The figure should not cross 14500/-. Is there any sheet of formula where in by just putting CTC idea you get the total bifurcation of the salary.
5th January 2016 From India, Delhi