Dear Sir/Madam, Could some one help me with a proper definition to define cost to company?
From United States
Acknowledge(0)
Amend(0)
2From United States
Acknowledge(0)Amend(0)
Hi Keerti,
CTC is defined as the total cost incurred by the company on an employee. Obvious expenses include Monthly Salary, Bonus, and the Employer's contribution towards the employee's PF. Additionally, gratuity, which the company is required to pay to an employee who has served for at least 5 years at half month's salary for each completed year of service, can be added to the CTC. To include this in the CTC, one may divide 2 and a half times the salary by 60 and add it to the monthly CTC. The management may also include expenses like transportation, telephone bills, subsidized food, etc., in the list of costs that the company incurs on the employee.
Hope that clarifies.
Regards,
Naresh Taneja
From India, Mumbai
Acknowledge(0)Amend(0)
CTC is defined as the total cost incurred by the company on an employee. Obvious expenses include Monthly Salary, Bonus, and the Employer's contribution towards the employee's PF. Additionally, gratuity, which the company is required to pay to an employee who has served for at least 5 years at half month's salary for each completed year of service, can be added to the CTC. To include this in the CTC, one may divide 2 and a half times the salary by 60 and add it to the monthly CTC. The management may also include expenses like transportation, telephone bills, subsidized food, etc., in the list of costs that the company incurs on the employee.
Hope that clarifies.
Regards,
Naresh Taneja
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Keerti,
Please find attached the Excel file. It details the CTC (Cost to Company) and is also a useful salary calculator. As mentioned by Naresh, it's just a term given to the package offered by the employer to the employee. It also helps the employer to keep track of the actual amount being spent on an employee, making budgeting easier. Nowadays, with many variable parameters being introduced to CTC, it becomes a comprehensive package that both the employer and the employee can proudly declare.
Regards,
AJ
From India, Thana
Acknowledge(0)Amend(0)
Please find attached the Excel file. It details the CTC (Cost to Company) and is also a useful salary calculator. As mentioned by Naresh, it's just a term given to the package offered by the employer to the employee. It also helps the employer to keep track of the actual amount being spent on an employee, making budgeting easier. Nowadays, with many variable parameters being introduced to CTC, it becomes a comprehensive package that both the employer and the employee can proudly declare.
Regards,
AJ
From India, Thana
Acknowledge(0)Amend(0)
Hi, my salary is 18,000 INR CTC. I want to create a salary slip, so I need to break down this CTC into a detailed salary breakup and generate a professional salary slip according to standard practices. Please assist me in developing a salary slip without including the provident fund component. Thank you.
From India, Roorkee
Acknowledge(0)Amend(0)
From India, Roorkee
Acknowledge(0)Amend(0)
Hello sir/madam,
I need a salary slip from March to May 2018. My Total Cost to Company (TCTC) is INR 1,68,000. Please help. I am working as a Recruitment Executive. My last company cannot provide me with my salary slip. Currently, I need this to join another company.
From India, Badarpur
Acknowledge(0)Amend(0)
I need a salary slip from March to May 2018. My Total Cost to Company (TCTC) is INR 1,68,000. Please help. I am working as a Recruitment Executive. My last company cannot provide me with my salary slip. Currently, I need this to join another company.
From India, Badarpur
Acknowledge(0)Amend(0)
Hello sir/madam, I need a salary slip from March to May 2018. My TCTC is $14,000 per month. I need the pay slip for March 2018 to May 2018. Please help. I am working as a Recruitment Executive. My last company can't provide me with my salary slip. Currently, I need this to join another company.
From India, Badarpur
Acknowledge(0)Amend(0)
From India, Badarpur
Acknowledge(0)Amend(0)
Hi Anyone please help me Its urgent need a salary slip format for 30k pm.in hand salary.No PF ESI.
Acknowledge(0)Amend(0)
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Salary slip format.xls