Hi all,
I have gone through a lot of posts and have been following some methods as well, but I would still like to ask about salary bifurcation if your employer has given you a total budget or CTC idea. It should include the ESI/PF/Bonus/Gratuity for both the employee and the employer.
From India, Delhi
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1I have gone through a lot of posts and have been following some methods as well, but I would still like to ask about salary bifurcation if your employer has given you a total budget or CTC idea. It should include the ESI/PF/Bonus/Gratuity for both the employee and the employer.
From India, Delhi
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Hi,
The concept of CTC is the total cost incurred to the employee, encompassing the following elements:
1) Fixed Earnings (Basic, DA, Medical allowance, Conveyance allowance, etc.)
2) Benefits (Employer contribution to ESI, EPF, Gratuity, Statutory bonus, Night shift allowance, etc.)
3) Variable Earnings (Performance allowance, Retaining allowance, Incentives, etc.)
I hope this explanation clears any doubts you may have.
From India, Bangalore
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The concept of CTC is the total cost incurred to the employee, encompassing the following elements:
1) Fixed Earnings (Basic, DA, Medical allowance, Conveyance allowance, etc.)
2) Benefits (Employer contribution to ESI, EPF, Gratuity, Statutory bonus, Night shift allowance, etc.)
3) Variable Earnings (Performance allowance, Retaining allowance, Incentives, etc.)
I hope this explanation clears any doubts you may have.
From India, Bangalore
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Dear Sir,
Thank you for your reply. I would like to inquire about the percentage breakdown or perhaps in an Excel format. For example, if a CTC of Rs. 14500/- is provided, how can we divide this amount including the ESI/PF contributions of both the employee and employer without exceeding the total of Rs. 14500/-? Is there a spreadsheet or formula available where by inputting the CTC, the salary breakdown can be automatically calculated?
Regards,
Meena
From India, Delhi
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Thank you for your reply. I would like to inquire about the percentage breakdown or perhaps in an Excel format. For example, if a CTC of Rs. 14500/- is provided, how can we divide this amount including the ESI/PF contributions of both the employee and employer without exceeding the total of Rs. 14500/-? Is there a spreadsheet or formula available where by inputting the CTC, the salary breakdown can be automatically calculated?
Regards,
Meena
From India, Delhi
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Employee Benefits.doc
CTC SALARY SLIP FORM.xls