Understanding CTC: Breakdown of Cost to Company Salary Package

This image presents a detailed breakdown of Cost to Company (CTC), illustrating the salary package components in a clear and engaging manner. It includes sections that define CTC, its calculation, and the specific components of CTC like Gross Salary and other factors. It also features a percentage breakdown of different components including fraud and other categories. The design is minimalist with a modern aesthetic, utilizing a light yellow background and simple icons to enhance understanding. This image would be valuable for HR professionals and anyone looking to understand salary packages more effectively.

Generated by FLUX.1-dev

The image explains the concept of CTC (Cost to Company) and contains the following details: Definition: CTC is the total amount a company spends on an employee. It's often referred to as the Salary Package. Breakdown of CTC: The formula for calculating CTC is: CTC = Gross Salary + Professional Tax + Gratuity + Other Components Pie Chart Components: The pie chart illustrates the components of CTC with approximate percentages: Gross Salary – Takes up around 40% of the pie chart. This is the primary salary that an employee receives before any deductions or benefits. Gratuity – Represents about 15%. This is the amount paid by the company as a benefit to employees who serve a specific period. Professional Tax – Accounts for around 10%. This is a tax levied by the state government on salaried employees. Other Components – Covers about 35%. This may include benefits like allowances, bonuses, insurance, etc. The visualization provides a clear breakdown of how different parts contribute to the total CTC., This image presents a detailed breakdown of Cost to Company (CTC), illustrating the salary package components in a clear and engaging manner. It includes sections that define CTC, its calculation, and the specific components of CTC like Gross Salary and other factors. It also features a percentage breakdown of different components including fraud and other categories. The design is minimalist with a modern aesthetic, utilizing a light yellow background and simple icons to enhance understanding. This image would be valuable for HR professionals and anyone looking to understand salary packages more effectively.

Published on October 22, 2024

Image Size: 1024 x 768

Flux AI Model: FLUX.1-dev

Generator: Landscape 4:3

Free to use under the Flux AI License

Flux Prompt

The image explains the concept of CTC (Cost to Company) and contains the following details:

Definition:
CTC is the total amount a company spends on an employee. It's often referred to as the Salary Package.
Breakdown of CTC:
The formula for calculating CTC is: CTC = Gross Salary + Professional Tax + Gratuity + Other Components

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Understanding CTC: Breakdown of Cost to Company Salary Package

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The breakdown of Cost to Company (CTC)

The breakdown of Cost to Company (CTC)

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