WebWhat is CTC or Cost to Company? CTC is the abbreviation for Cost to Company and it is the total amount spent or yearly expenditure of a … WebSep 2, 2013 · Trick 5 – Putting Large chunk of variable component in CTC. Another famous trick played by companies (especially those in sectors that are performance based) is to add a considerable amount of variable component to the salary and keep the fixed part small. The CTC number is then provided based on an average performance assumption.

5 tricks played by Employers to fool you with high CTC Salary

WebCTC is simply “Cost to Company” i.e. in the total calculation of salary package including all monetary & non-monetary benefits spent on an employee by the company without any tax deductions. Take Home Salary is the total salary which an employee gets after all necessary tax and other deductions are made. WebOct 4, 2024 · It is the statutory requirement that every employee should join PF. It is statutory requirement that 12% of salary to be contributed to PF by the employee concerned and correspondingly 12% to be contributed by the Company. So, either you can get the full monthly salary (CTC assured by the company) and then make payment of 12% towards … dale davidson law office

Salary: Structure, Components, How to Calculate - Compare

WebOct 4, 2011 · sathyamayalagu7. salary break up for 9,00,00 ctc wit travelling allowances and joining bonus of 1,50,000 in installments of 3 months or 6 months. 21st January 2012 From India, Bangalore. WebExample of Calculation of In-Hand Salary From CTC. Let us Assume Mr X is offered a CTC of Rs. 9 Lakhs per year. The breakup of the CTC components has been given as follows … WebCTC = Gross Pay + Statutory additions (PF + ESI + Bonus) In the above formula, the statutory additions are the employer’s contributions and not the employee, which we will … biounsd