Salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 September 2014
what is fix salary & CTC
16 September 2014
it means there is no variable component in it i.e fix like 20,000 pm
ctc is cost to company
ctc is cost to company
16 September 2014
Fixed salary means fixed and not dependent on any criteria like achieving sales target, customer target etc. etc.
While CTC means Cost to Company. for example if particular employee's salary is Rs.15000 and company's incurs some other expenses on him i.e. conveyance (not charging the same from employee), esic (employer share) pf (employer share) etc. then these costs has to be added in Rs.15000 and resulting amount will be termed as CTC (cost to company)
While CTC means Cost to Company. for example if particular employee's salary is Rs.15000 and company's incurs some other expenses on him i.e. conveyance (not charging the same from employee), esic (employer share) pf (employer share) etc. then these costs has to be added in Rs.15000 and resulting amount will be termed as CTC (cost to company)
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