What is ctc in salary: What Is CTC

What Is CTC? Cost to Company (CTC) is a term often used in employment contracts to indicate the total monetary value that an employer invests in an employee annually. It is essential for job seekers and employees to understand the difference between CTC and the in-hand salary they receive. In this article, we will delve into the intricacies of CTC and shed light on how it differs from the in-hand salary. As individuals seek employment or negotiate salary packages, they encounter the term CTC ... 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. 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 ...