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Querist : Anonymous

Querist : Anonymous (Querist)

16 September 2014 what is fix salary & CTC

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 September 2014 it means there is no variable component in it i.e fix like 20,000 pm
ctc is cost to company

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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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)

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