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Yes. CTC includes both Employee and Employer PF contributions
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∙ 10y ago
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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
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
What is current CTC and expected CTC for salary?
More Clearly... CTC stands for 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"
What is the meaning of CTC 79 lacs per annum?
CTC : Cost To Company 79 lacs : 7,900,000 (79 * 100,000) This means the company has to pay 7,900,000 a year to cover the expenses (salary, taxes, other benefits) of a given employee.
Are perks included in CTC?
CTC is a term which is used in business accounting and bookkeeping to track cost to company perks provided for the company's employees. Perks which are classified as CTC include dearness allowance, insurance benefits, medical expense reimbursements, mobile and telephone bill costs, meal expenses, retirement benefits, and leave or travel expenses.
When was TUTUN-CTC created?
TUTUN-CTC was created in 1924.
