Hi All, I have gone through lot of post and have been following some methods as well but still would like to ask the salary bifurcation if your employer has given u a total budget or CTC idea. It should include the ESI/PF/Bonus/Gratuity of both (Employee and Employer).
From India, Delhi
From India, Delhi
Hi
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
From India, Bangalore
633The 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
From India, Bangalore
Dear Sir,
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.
Rgds
Meena
From India, Delhi
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.
Rgds
Meena
From India, Delhi
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