Dear Seniors,
I recently joined a company as HR, while preparing the offer letter the CTC includes basic,HRA,Medical allowance,Conveyance allowance,Special allowance and Performance based pay(which is paid out quarterly).My question to you'll is that should I include the performance based pay as part of CTC, while calculating Basic pay which is being calculated at 35% of CTC. Your prompt reply in this regard will be greatly appreciated. Thanks.
Harini
I recently joined a company as HR, while preparing the offer letter the CTC includes basic,HRA,Medical allowance,Conveyance allowance,Special allowance and Performance based pay(which is paid out quarterly).My question to you'll is that should I include the performance based pay as part of CTC, while calculating Basic pay which is being calculated at 35% of CTC. Your prompt reply in this regard will be greatly appreciated. Thanks.
Harini