![]() Group medical and life insurance policies by your employer give you much better and comprehensive cover over the individual ones. Medical, Life Insurance premiums paid by company ![]() The monetary value of CLA, that’s taxable, is added to your CTC, which is normally the rent and furniture cost.Ĥ. Your employer might provide you with company paid accommodation or pay rent to the landlord directly, saving you from the tension of finding a home and negotiating on rent deals. NOTE: Normally, you may not get this amount in-hand (as cash) even if you opt-out of eating in the employer’s cafeteria. On the other hand, the meal vouchers (or food coupons) help you save income tax too. ![]() Off-course it is an expense for the company and hence, could be added to CTC. Your company takes care of them but add their monetary value to your CTC. CTC Indirect Benefitsīenefits (also called Perquisites in legal Indian government terms) that an employee enjoys without paying for them. Paid to employee monthly and form part of your take-home (in-hand salary) after deducting income tax plus any additional state taxes. Special / City Compensatory allowance etc. ![]() Medical/Life Insurance premiums paid by employer
0 Comments
Leave a Reply. |