2006-11-24 05:35:38 · 0 answers · asked by kannan 1 in Business & Finance ➔ Careers & Employment
1. The indicator has been designed based on salary levels prevailing as on 1.5.2005 and will be updated regularly.
2. Salary means gross pre-tax salary (CTC) inclusive of all components (monthly, annual, retiral and deferred payments).
3. Accuracy levels: It is our expectation that the salary indicator will be 90% accurate within a band of +/- 20% of the indicated salary figure i.e. 90% of persons will fall within the band.
CTC refers to "COST TO COMPANY "
this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
hope this satisfies your query
2006-11-24 06:32:19 · answer #1 · answered by Anonymous · 48⤊ 1⤋
Ctc Means
2016-09-27 23:21:13 · answer #2 · answered by ? 4 · 0⤊ 0⤋
CTC basically stands for fee TO company...that is the full quantity the agency is willing to spend on its worker...the ctc includes the gross income and the such things as HRA(domestic rent allowance),petrol allowance and perqs if any...the CTC isn't always the amount so that it will be directly taxed...
2017-01-19 05:47:50 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Does CTC imply to yearly or can you say CTC for monthly salary as well. If not monthly salary is called What???
2014-07-09 23:22:20 · answer #4 · answered by Anonymous · 1⤊ 0⤋
CTC basically stands for COST TO COMPANY...that is the total amount the company is willing to spend on its employee...the ctc includes the gross salary and the things like HRA(home rent allowance),petrol allowance and perqs if any...the CTC is not the amount which will be directly taxed...
2006-11-24 06:00:12 · answer #5 · answered by Anonymous · 6⤊ 0⤋
CTC expands to cost to company..this salary is what bogs down many people because the housing, travelling etc expednitures are not met by the company but by the individual alone....the company does not have any allowance for this..........so the ent income one is having consists of his housing rent and travelling expenses
2006-11-24 05:46:22 · answer #6 · answered by soppy_roy 1 · 5⤊ 0⤋
what ctc salary
2013-11-04 07:36:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
CTC is " cost to company ", which includes all the payments your company makes to you directly or indirectly for your services
which includes your Basic, HRA, all kinds of allowances,PF contributions,gratuity, ex gratia & any other perquisities paid to you .
2006-11-24 06:47:29 · answer #8 · answered by invincible_808 2 · 6⤊ 0⤋
Could anybody xplain what CTC MEANS FOR REGULAR EMPLOYEE???TNXXXX
2015-12-21 12:45:55 · answer #9 · answered by ? 1 · 0⤊ 1⤋
the pf i.e. deducted from the gross and the same amount is added by the employer to the employee PF account...so that addition could be considerd in the sum of the CTC?
2014-11-23 22:34:51 · answer #10 · answered by Anonymous · 0⤊ 0⤋