Determining the salaries is always a challenging job especially break-up of Cost to Company (CTC) to arrive at in hand / take home salary.
We at J.B. Boda can offer advisory services on salary packaging, keeping in view need of employer, employee & the industry standards.
Frequently asked questions
What is CTC?
CTC is a cost of hiring an employee, which includes besides the take home salary of the employee contribution to various employee benefits like PF, Gratuity, Superannuation and Insurance etc.
What are employee retirement benefits?
The retirement benefits are normally Provident Fund, Gratuity, Leave Encashment, Pension, Post-Retirement Medical Schemes (PRMS) etc.
What are in service employee benefits?
Insurance, reimbursement of medical expenses, reimbursement of school, college tuition fees for children, use of Company car, furnished house etc.