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. To calculate the Basic Salary from the Cost to Company ( CTC ), you need to identify the components included in the CTC such as Basic Salary, House Rent Allowance (HRA), Provident Fund (PF), performance bonuses, and other benefits. CTC means Cost To Company in India. CTC package is a term often used by private-sector Indian and South Indian companies while making an offer of employment to show the total remuneration. Cost to Company ( CTC ) represents the entire compensation package that an employer offers to an employee. This includes the basic salary, allowances, bonuses, benefits, and other forms of remuneration. CTC is often mentioned in job postings and offer letters to convey the total compensation an employee would receive for the work they perform.
