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
4BASIC
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
BASIC HRA CONVEYANCE MEDICAL LTA TELEPHONE SPECIAL ALLOWANCE BONUS PF This is ur CTC.
From India, Rohtak
From India, Rohtak
Dear Omkar,
Gross salary plus other statutory Deduction is known as CTC.
Basic+HRA+DA+Food allowances+TPT Allowances+Education Allowances for child( restricted to two child only)+Hostel allowances (restricted to two child only)+Medical allowances+Leave Travel allowances+Telephone, magazine and internet Allowances+Bonus+Special /Other Allowances if any is our total gross salary plus 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
9404384433
From India, Mumbai
Gross salary plus other statutory Deduction is known as CTC.
Basic+HRA+DA+Food allowances+TPT Allowances+Education Allowances for child( restricted to two child only)+Hostel allowances (restricted to two child only)+Medical allowances+Leave Travel allowances+Telephone, magazine and internet Allowances+Bonus+Special /Other Allowances if any is our total gross salary plus 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
9404384433
From India, Mumbai
Dear Sir,
All payments made to a staff, excluding the reimbursement of any actual expenses made, will have to be included while calculating the CTC of the staff. Also for the intangible services that are offered to a staff (such as free/subsidized office transportation,subsidized canteen,recreation facilities etc) should be quantified and reckoned for the purpose of CTC.
From India, Chennai
All payments made to a staff, excluding the reimbursement of any actual expenses made, will have to be included while calculating the CTC of the staff. Also for the intangible services that are offered to a staff (such as free/subsidized office transportation,subsidized canteen,recreation facilities etc) should be quantified and reckoned for the purpose of CTC.
From India, Chennai
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Other components of Manual.zip
Components of Basic Wages.pdf
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx