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Is variable pay part of CTC?
Variable Pay is shown as part of Company's CTC. Variable Pay is taxable based on individual's tax slab. The catch with variable component of salary is that in case you leave the company before the financial year ends, you have to forgo this amount.
Is variable included in CTC?
Broadly, while CTC includes all the payments and benefits, fixed and variable, that you are entitled to, your take-home salary is what you get after all the mandatory deductions, such as Employees' Provident Fund (EPF) contribution and various taxes.
Is variable pay included in CTC?
Variable Pay is shown as part of Company's CTC. Variable Pay is taxable based on individual's tax slab. The catch with variable component of salary is that in case you leave the company before the financial year ends, you have to forgo this amount.
What is the difference between fixed CTC and variable CTC?
Broadly, while CTC includes all the payments and benefits, fixed and variable, that you are entitled to, your take-home salary is what you get after all the mandatory deductions, such as Employees' Provident Fund (EPF) contribution and various taxes.
What is the variable component in salary?
Fixed pay is your actual monthly salary which includes Basic and bundle of all allowances minus tax paid. Variable pay is the percentage component of your fixed salary that you will not get monthly, but quarterly or yearly.
What are the components of CTC cost to company?
CTC basically stands for Cost to company. Cost to company is the total cost that an employee is incurring in a company. This includes the cash components plus other benefits like Bonus, Food etc. which are in general not seen in your regular Monthly Salary.
What is variable pay in CTC?
Variable pay is the portion of sales compensation determined by employee performance. When employees hit their goals (aka quota), variable pay is provided as a type of bonus, incentive pay, or commission. Base salary, on the other hand, is fixed and paid out regardless of employees meeting their goals.
Does variable pay included in CTC?
Variable Pay is shown as part of Company's CTC. Variable Pay is taxable based on individual's tax slab. The catch with variable component of salary is that in case you leave the company before the financial year ends, you have to forgo this amount.
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