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
