i dont think more discussion required on this matter. because the word CTC itself says = "cost to the company". so anthing related to employment cost wil come under CTC
From India, Bangalore
From India, Bangalore
Dear SK,
Please find below;
Basic Salary 1200
House Rent Allowance 250
Conveyance Allowance 200
Medical Allowance 100
Special Allowance 100
Other Allowance 100
Gross Salary 1950
Benefits
PF (Employer's Contn) 144
Esi (Employer's Contn) 93
Insurance 100
Total' 337
CTC 2287
Deduction
PF (Employee's Contn) 144
Esi (Employee's Contn) 35
Professional Tax 13
Total 192
Net (Gross - Deduction) 1758
Regards
Dinesh.P
From India, Madras
Please find below;
Basic Salary 1200
House Rent Allowance 250
Conveyance Allowance 200
Medical Allowance 100
Special Allowance 100
Other Allowance 100
Gross Salary 1950
Benefits
PF (Employer's Contn) 144
Esi (Employer's Contn) 93
Insurance 100
Total' 337
CTC 2287
Deduction
PF (Employee's Contn) 144
Esi (Employee's Contn) 35
Professional Tax 13
Total 192
Net (Gross - Deduction) 1758
Regards
Dinesh.P
From India, Madras
CTC means Cost to Company. So direct or indirect, statutory or non statutory cost can be shown as CTC , which is shared by the company. This is the normal practice in India. Even Gratuity contribution, GPA, Mediclaim premium, cost of subsidised canteen or uniform also can be incorporated in CTC. There is no legal binding to show or not to show.
Ulhas Chandratre
Senior HR Professional, Pune
From India, Pune
Ulhas Chandratre
Senior HR Professional, Pune
From India, Pune
hi, 12% of PF is deducted and it reflect in your salary slip, the only thing is that employer’s contritution 13.61% is not reflect in your salary slip bcoz this is the company contribution.
From India, New Delhi
From India, New Delhi
The employer’s contribution should be included in CTC because the cost is contributed by the employer. So, it should be included. regards, Soumitro Mukherjee
From India, New Delhi
From India, New Delhi
The employer’s contribution should be included in CTC because it is contributed by the employer. Regards, Soumitro Mukherjee
From India, New Delhi
From India, New Delhi
Consider CTC as Rs. 2,00,000.00
Then BASIC 50% of CTC : 100000.00
HRA 35% of BASIC : 35000.00
PF EMPLR 12% of BASIC : 9360.00 if Restricted else Rs.12000.00 OR 13.61 % of BASIC
and put remaining in gratuity and other allow
From India, Bangalore
Then BASIC 50% of CTC : 100000.00
HRA 35% of BASIC : 35000.00
PF EMPLR 12% of BASIC : 9360.00 if Restricted else Rs.12000.00 OR 13.61 % of BASIC
and put remaining in gratuity and other allow
From India, Bangalore
dear, PF contribution is included in CTC as it form a Cost to company. Employer contribute 13.61% against the employee contribution of 12% of basic & DA.:icon1: Regards Vinod Singh
From India, Pune
From India, Pune
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