Components of CTC (Cost to Company)
CTC shall include all costs involved in employing a person. It consists of salaries and allowances in actual terms, incentives, and performance-based variables projected to the maximum. Additionally, it includes payments made by the employer towards social security funds, like EPF, ESI, etc., bonuses payable yearly, and gratuity, which is payable when the employee leaves the company after five years of continuous service, calculated on the present salary.
From India, Kannur
Acknowledge(0)
Amend(0)
4526CTC shall include all costs involved in employing a person. It consists of salaries and allowances in actual terms, incentives, and performance-based variables projected to the maximum. Additionally, it includes payments made by the employer towards social security funds, like EPF, ESI, etc., bonuses payable yearly, and gratuity, which is payable when the employee leaves the company after five years of continuous service, calculated on the present salary.
From India, Kannur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
INCLUDE WASH CTC OF EMPLOYEE.xls
Employee's Compensation Act-2009.pdf