Difference between revisions of "CTC"

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(Created page with "== '''Cost To Company (CTC) Report''' == '''Cost to company''' (CTC) is a term for the total salary package of an employee. It indicates the total amount of expenses an employ...")
 
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== '''Inputs Needed''' ==
 
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* Salary for the particular month for which the CTC reports needs to be viewed should be published.

Revision as of 05:33, 11 April 2020

Cost To Company (CTC) Report

Cost to company (CTC) is a term for the total salary package of an employee. It indicates the total amount of expenses an employer (organization) spends on an employee during one year. It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee's salary is ₹50,000 and the company pays an additional ₹5,000 for their health insurance, the CTC is ₹55,000. Employees may not directly receive the CTC amount.

In our software system, this report can be viewed specific to a particular department or a consolidated report for all departments in the organization. In this particular section we will see how this report can be viewed and downloaded and how it helps the management.

Role

Finance Admin

Path

Salary » Other Reports » Cost To Company (CTC) Report.

Inputs Needed

  • Salary for the particular month for which the CTC reports needs to be viewed should be published.
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