Pay Structure and CTC

Prema.N

Understanding gross salary and CTC

Components Basic pay Per month Per year

Dearness allowance House rent allowance

Conveyance allowance Other allowances Total Gross salary Employers contribution to PF Employers contribution to ESI Value of LTC, paid leave and paid holidays Bonus Gratuity Value of any other benefits/ perquisites Total CTC

Compensation in TCS
TCS follows EVA- Economic Value Added based compensation. A TCS employee gets 70 per cent of salary as fixed component and the rest as variable & increases towards top management. The latter, in turn, is split into one part linked to individual performance and the other to company performance.

Compensation in TCS
Leave Travel Concession If the employee is unmarried, then he is entitled to get a total 20 days of paid holiday for his marriage if marriage is conducted at the home country of the employee. Annually an employee gets 10 days of paid leave for visiting his own country once a year. During this, the travel expense is reimbursed by TCS whereas the Spouses expenses are borne by the employee himself.

CTC structure of TCS Computer Consultant

Component
1) Fixed Compensation Basic Salary Bouquet Of Benefits # 2) Variable Compensation 12,500 12,842 150,000 154,100

Monthly

Annual

Monthly Variable Allowance

Quarterly Variable Allowance * 3) Annual Components/Retirals Health Insurance Provident Fund Gratuity TOTAL GROSS

8,200
1,800

98,400
21,600

NA 1,500 601 37,443

2,000 18,000 7,215 451,315

Bouquet Of Benefits # Monthly/Annual

House Rent Allowance - 6,250 / 75,000 Conveyance Allowance - 800 / 9,600 Leave Travel Assistance - 1,042 / 12,500 Sundry Medical Reimbursement - 750 / 9,000 Food Coupons - 500 / 6,000 Personal Allowance - 3,500 / 42,000 GROSS BOUQUET OF BENEFITS - 12,842/ 154,100

CTC structure of TCS System Engineer Trainee

Component Category
1) Fixed Compensation Basic Salary Bouquet Of Benefits # 2) Variable Compensation ** Monthly Variable Allowance Quarterly Variable Allowance* 3) Annual Components/Retirals 4,950 550 59,400 6,600 9,700 9,368 1,16,400 1,12,420

Monthly

Annual

Health Insurance
Provident Fund Gratuity Total of Annual Components & Retirals TOTAL GROSS

NA
1,164 467 1,631 26,199

2,000
13,968 5,599 21,567 3,16,387

Bouquet Of Benefits
Component Category
House Rent Allowance Conveyance Allowance

Monthly
3,880 800

Annual
46,560 9,600

Leave Travel Assistance

Sundry Medical Reimbursement Food Coupons

808
500 500

9,700
6,000 6,000

Personal Allowance
GROSS BOUQUET OF BENEFITS

2,880
9,368

34,560
1,12,420