No Tags Found!

amar1109
4

Hi Seniors, Can anybody please tell me? What is CTC? What all comes under CTC & what does not comes under CTC?
From India, Calcutta
kingdeepak
24

Hi Amar,
Firstly confirm me are you fresher for HR Profile ?
CTC - Cost to Company , and salary bifurcation will be Basic , HRA , Conveyance , Medical allowance , Telephone allowance , attendance allowance , food allowance , special allowance , pf , pt , variable pay .
Regards
Deepak

From India, Delhi
Mahr
477

Hi Amar,
Cost to Company can be used to refer to the total cost that an organization is spending towards their employee including the Salary, Perks, Cost related to benefits, Cost related to hiring, Training, Retirals, Statutory Contributions etc. In general, the CTC can be defined as:
CTC = Direct benefits + Indirect benefits + Saving Contributions
You can also use the Research tab given here as that would help you, go through different threads discussed on the same topic, earlier.
In humorous terms - Cost to company is a trick of a company and HR department, to show that they are paying a big salary, but unfortunatly it is just bubble :)

From India, Bangalore
JAWAHAR LAL MOONDRA
32

CTC consists of total of the following
1. Basic
2. House Rent Allowance
3. Special Pay
4. Conveyance Allowance
5. Employer Contribution towards Provident Fund
6. Employer Contribution towards ESI / Personal Insurance
7. Salary in lieu of Earned Leave
8. Gratuity
9. Statutory Bonus @ 11%
10. Food Coupons
11. Education Allowance
12. Medical Allowance
13. Telephone Allowance

From India, Jodhpur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.







Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.