hello friends.....
I have recently come across the Compensation theory in my college i would like to add about the components of CTC......
the 6 components re there in it........
a) Basic Salary....
This includes
#basic pay
#HRA
#DA
# three other allowances
b) The Deferred income
it includes
#P.F
#Gratuity
#Super annuation
#Professional tax
C) Merit linked incentives
This is the performance based pay.....achieving targets ,etc.
D)Yearly income....
it includes Bonus,LTA,Dividends......
E)Fringe benefits in Cash
F) Fringe benefits in kind...
A-B+C+E= take home salary....
This is wat i have done........
it may be too theoritical .but these are just the concepts that we are taught...
I need some more addition in it....related to the practical aspect as it is done in organization