What is the Full Form of CTC?
The full form of CTC is Cost To Company. There is a very tricky difference between CTC and in-hand salary (salary received by employees per month) . CTC includes many things such as a provident fund, gratuity, House rent Allowance (HRA), medical allowance, special allowance, Health and life insurance, travel allowance, sometimes food expenses also, special corporate health insurance, perks, privileges, and many more things. The things mentioned above vary from company to company, according to their policies. The CTC is the sum of all these things including the gross salary (in-hand salary). Some companies also include training salaries in their CTC to overhype their CTC.
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