0
What else can I help you with?
IS Employee and employer contribution can be duducted from the Employee Salary Please Guide Soonly.?
It depends on your terms of agreement for the job. In most cases, company's pay you by CTC - Cost To Company. In such cases, both employee and employer contributions are considered a part of your salary and the CTC. So, Yes, it is possible and is done in a majority of the private sector cos
CTC Salary Calculation Formula?
To calculate the Cost to Company (CTC) salary, you would typically add the employee's total salary package which includes the basic salary, allowances, bonuses, and benefits like medical insurance, provident fund contribution, etc. The CTC represents the total cost incurred by the employer in hiring the employee. It's important to consider all components of the salary package when calculating CTC.
What does CTC 1.25 Lac To 2.25 Lac mean?
CTC stands for "Cost to Company," which is the total amount a company spends on an employee in a year, including salary, benefits, and any other perks. A CTC of 1.25 Lac to 2.25 Lac means that the annual compensation package for the employee ranges from 125,000 to 225,000 Indian Rupees. This figure encompasses not only the basic salary but also bonuses, allowances, and other benefits provided by the employer.
What is current CTC?
CTC stands for - Cost to Company is the total cost that an organization is spending towards their employee including the salary, perks, etc.
How do you calculate CTC?
CTC is cost to company, calculated on basis of total payment made to employee, including ta, da, hra and other allowances see the reference link: http://www.ceveni.com/2008/10/what-is-ctc-and-how-it-is-calculated.html
What is LTA in CTC?
Leave Travel Allowance Leave Travel Allowance is an allowance that is usually paid as part of Salary (Annual CTC to be specific) by employers to their employees. The original idea behind the LTA component was to help the employee meet his travel expenses. However, of late it has become yet another component of the CTC and no one cares much about it except how much is paid out as LTA every year by the employer.
How do you add current CTC in my resume?
CTC stands for cost to company. Salary is only one part of CTC. Adding CTC to a resume would only be advised if benefit to company was also listed. This figure could be included in a cover letter or as a bullet under accomplishments.
Is bonus included in CTC?
yes bonus is included in ctc. as per the bonus act the company is liable to pay bonus to every employees who has worked for not less than 30 days incl leaves, weekly offs etc, so it is a cost to the compmay
What you write in current ctc and in expated ctc?
what is means Current CtC and Exp Ctc
What is ctc asap?
CTC
Can an employee negotiate on hisher CTC?
Yes, an employee can negotiate their Cost to Company (CTC) during the hiring process or performance reviews. It often depends on factors such as the employee's experience, skills, market conditions, and the company's policies. Being prepared with research on industry standards and demonstrating value to the company can strengthen the negotiation position. Open communication and a professional approach are key in these discussions.
How much is ctc?
CTC, or Cost to Company, refers to the total amount a company spends on an employee in a year, including salary, benefits, bonuses, and any other perks. The specific CTC amount can vary widely depending on factors such as the industry, job role, experience level, and location. To determine an individual's CTC, one typically needs to look at their employment contract or discuss it with the HR department.
