Dear Friends,
CTC means by paying 'X' amount to an employee how much the compnay incurring expenses. Pl correct if I am wrong.
Leave Salary / encashment is a kind of reward given to an employee for his devotion towards his employment.
Besides Leave encashment is one of the basic terms and conditions of the employment and statutory also.
In some authors say that leave encahment is one of the welfare measures/benefits.
Therefore it is not justifiable to construe leave encashment as one of the components of CTC.
For your kind information, in Bangalore some of the BPOs IT industrries quote CTC as Rs.22,000/- and take home salary is pitifully Rs.9500/-. the Balance amount is deducted in the form of compnay expenses.
Therefore to my comprehension, the componenrts of CTC should be Basic, (DA),HRA,Conveyance,etc. Transportation,Free lunch,Bonus,all allowances,Insurance.
regards
Michael Nicholas