Understanding CTC Breakdowns: What Are the Different Components Involved?

Hi Radha,

Could I know the possible break-ups in the CTC?

Regards

Hi,

CTC means Cost to the Company. As per our company policy, CTC includes basic, HRA, conveyance allowance, and other allowances like attire allowance, medical allowance, professional pursuit allowance, professional tax, PF (Employer & Employee), ESI (both Employee & Employer).

Regards,
ss

Hi Radha,

I am providing the details of the break-up of CTC, which may be useful to you:

1. Basic Salary
2. Dearness Allowance
3. House Rent Allowance
4. City Compensatory Allowance
5. Magazine Allowance
6. Washing Allowance
7. Conveyance Allowance
8. Canteen Allowance
9. House Loan Subsidy
10. Computer Loan Subsidy
11. LTA or LTC i.e., Leave Travel Allowance/Leave Travel Concession
12. Provident Fund Company Contribution
13. Gratuity
14. Leased Accommodation
15. Performance Incentive
16. Profit-Linked Incentive
17. Children Education Allowance
18. Medical Allowance
19. Leave Encashment
20. Medical Reimbursement
21. Clothing & Shoe Allowance
22. Professional Development Allowance
23. Service Gifts.

I hope this information will be helpful to you.

With regards,
Yoganth Murthy
yoganth@rediffmail.com

Yoganth is pointing in the right direction. Any benefit a company gives or bears for its employees is taken into account for CTC calculation.

Regards,
Uma

Guide to Major Salary Components

Here is an article that can help you with major salary components used to define salary: http://FastCollab Guide: Basics of S...tCollab | Blog

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An online Payroll Management system can help you with:

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Regards