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How to calculate CTC or Cost to Company

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How to calculate CTC or Cost to Company

21,503 views October 29, 2018 12:39

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ChannelPayroll Training

Description from the creator

In this video, you will understand CTC and it's a calculation. You will learn how multiple allowances impact salary and taxes. Also, you can learn about tax exempted allowance and how you can provide the maximum tax exemption to employees.

Basically, CTC is a total cost of an employee which company will bear.

Here is brief:
All the fixed allowances, variable allowance and Statutory Bonus are taxable.

Only Hostel, Education, LTA, HRA are partially taxable.

PF, ESIC and Gratuity (upto 20,00,000)are fully exempted.

Reimbursements are used for the tax exemption when an employee shows bills.

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About this tutorial

Payroll Training published this 12:39 video tutorial on October 29, 2018. It has been watched 21,503 times on YouTube.

Category
Education
Duration
12:39
Published
October 29, 2018
Views
21,503
Likes
246

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