8/26/2023 0 Comments Salary slip excel format![]() It includes various components like basic pay, provident fund, allowances, etc. Having said that, it is essential to note that CTC is never equal to the take-home pay received at the end of the month.ĬTC is the total amount spent by the company on an employee, whether directly or indirectly. The CTC, or cost-to-company, is the total salary package that the company offers an employee during recruitment. This article explains all you need to know about the CTC, salary breakup, and its components. But it can be a bit confusing since many components are included in the calculation of salary. Understanding the salary breakup structure is equally important for employees & employers. What are the components of salary breakup?Ī salary breakup structure or a CTC (cost-to-company) breakup structure is the structure in which the CTC is divided into various components to arrive at the in-hand salary of an employee. ![]() What is the difference between CTC and in-hand salary?.Leave Salary Breakups to RazorpayX Payroll, do what you love!.
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