Can the following components be included in the Cost to Company (CTC) of an employee? BASIC, HRA, CONVEYANCE, MEDICAL, LTA, TELEPHONE, SPECIAL ALLOWANCE, BONUS, LEAVE ENCASHMENT, PF, ESI, PROF TAX, LABOUR WELFARE FUND. I look forward to your guidance on this subject.
From India, Bangalore
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4From India, Bangalore
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BASIC HRA CONVEYANCE MEDICAL LTA TELEPHONE SPECIAL ALLOWANCE BONUS PF This is ur CTC.
From India, Rohtak
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From India, Rohtak
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Are you asking CTC in employer perspective? CTC - Cost to Company. You can add any expenses which may be incurred on the employee directly or indirectly. No rule or regulations. It is your wish
From India, Lucknow
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From India, Lucknow
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Understanding Cost to Company (CTC) Components
Gross salary plus other statutory deductions are known as CTC. Basic + HRA + DA + Food allowances + TPT Allowances + Education Allowances for a child (restricted to two children only) + Hostel allowances (restricted to two children only) + Medical allowances + Leave Travel allowances + Telephone, magazine, and internet allowances + Bonus + Special/Other Allowances, if any, is our total gross salary. Additionally, PF contribution (Employer part) + Gratuity, if any, is your total CTC.
Please let me know if you need any further clarification on this.
Warm regards,
Pranab Chakraborty
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Gross salary plus other statutory deductions are known as CTC. Basic + HRA + DA + Food allowances + TPT Allowances + Education Allowances for a child (restricted to two children only) + Hostel allowances (restricted to two children only) + Medical allowances + Leave Travel allowances + Telephone, magazine, and internet allowances + Bonus + Special/Other Allowances, if any, is our total gross salary. Additionally, PF contribution (Employer part) + Gratuity, if any, is your total CTC.
Please let me know if you need any further clarification on this.
Warm regards,
Pranab Chakraborty
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Dear Sir,
All payments made to staff, excluding the reimbursement of any actual expenses, will have to be included when calculating the CTC of the staff. Additionally, the intangible services offered to staff, such as free/subsidized office transportation, subsidized canteen, recreation facilities, etc., should be quantified and considered for the purpose of CTC.
Thank you.
From India, Chennai
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All payments made to staff, excluding the reimbursement of any actual expenses, will have to be included when calculating the CTC of the staff. Additionally, the intangible services offered to staff, such as free/subsidized office transportation, subsidized canteen, recreation facilities, etc., should be quantified and considered for the purpose of CTC.
Thank you.
From India, Chennai
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