Dear All, Kindly make me understand the various components of CTC salary for the employee along with statutory deductions from the total CTC package.
From India, Mumbai
From India, Mumbai
CTC is cost to company has no legal bindings. It is a management tool to control and proper understanding of the employee cost. It is in general consisting of Monthly gross, Yearly components if any like - LTA, Furnishing, Statutory or otherwise any Bonus, Profit sharing yearly incentive etc. etc., Statutory cost - Employer portion of PF, ESIC, Gratuity etc., Perks like- Free transport for office coming and going back, subsidiary canteen, Office quarter, free electricity , medical & water etc.etc. It is random vary from organization to organization.
Now let us consider statutory deductions from yearly CTC - PF, ESIC if applicable, PTAX, ITAX if applicable etc.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
334Now let us consider statutory deductions from yearly CTC - PF, ESIC if applicable, PTAX, ITAX if applicable etc.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
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CTC Calculator.xls