What is ctc in salary: What is CTC

What is CTC? CTC stands for “Cost to Company”. It is a commonly used term in employment and jobs. CTC is defined as the total amount of money that the company is going to spend on an employee. It will include salary, bonuses, incentives, provident fund. It is the total amount that an employee can expect from the company in the form of different direct and indirect benefits. While salary is the most basic form of compensation that an employee receives from the company, CTC is made by ... CTC full form The full form of CTC in salary is Cost-to-Company. It is the total expense an employer incurs by employing an individual in a year. It includes the direct benefits an employee receives as part of their salary, such as basic pay, house rent allowance, and bonuses, along with indirect benefits such as insurance and provident fund contributions. Understanding how each of these components make up an employee's CTC will help you in structuring the best compensation package for your ... The employees’ CTC is the gross amount, while the amount of salary one gets to take home is the net salary. Read here to know more about gross salary. CTC mean the total annual spend a company makes on an employee. This number covers your basic pay, allowances, bonuses, and benefits such as provident fund or health insurance. Knowing the CTC meaning is important because it shows the true value of your offer.