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 adding up salary and other components.
Table of Content
- How is CTC Calculated?
- Example of CTC Calculation
- What does CTC Include?
- Difference between Cost to Company (CTC) and Salary
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