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What Is CTC What Are The Components Of CTC SMU |
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Re: What Is CTC What Are The Components Of CTC SMU
Sikkim Manipal University (SMU) is a co-educational public-private funded university in Gangtok, Sikkim, India. It was established in 1995 and is the first government-private initiative in the region CTC is the total cost which company is going to spend on for an employee. CTC mainly consists of 1. Basic Salary - Which is like the base pay, a lot of things are linked to this like EPF 2. HRA - Allowance for housing 3. EPF - 12% of your Basic pay is taken out and same is also contributed by employer 4. Allowances - Rest all the salary is divided into some kind of allowances like special allowance Components of CTC The following are the components of CTC: • Basic. • Dearness Allowance (DA). • House Rent Allowance (HRA). • Medical allowance. • Conveyance allowance. • Special Allowance. • Vehicle Allowance. • Incentives or bonuses. • Leave Travel Allowance or Concession (LTA / LTC). • Telephone / Mobile Phone Allowance. The following are some features enjoyed by government employees at different levels as per their eligibility corresponding to their designation/ grade: 1. The 12% of basic that the government deposits in their Provident Fund accounts, just like private companies. 2. Membership of government clubs or gymkhanas. 3. Free stay at various hotels and government guest houses. 4. Free telephone connection at home. 5. Free car with driver. 6. Reimbursement of newspaper bills. 7. Free use of many libraries. Contact: SMU 5th Mile, Tadong, Gangtok, Sikkim 737102 Phone: 03592 270 294 |
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