What is the full form of CTC?
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What is the full form of CTC?
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The full form of CTC is Cost To Company. CTC is a total annual salary package of an employee.CTC is the total amount that a company spends on an employee in a particular year.
CTC is not an in-hand salary of the employee, it is a total of all benefits provided by the company.every company provides different facilities.
It includes Basic salary, traveling allowance, dearance allowance, Hr allowance, food allowance, accommodation allowance, provident fund (both employee and employer ) variable pay, Phone bill and health insurance.
CTC = Gross Salary+ Provident fund +Variable pay+ Deduction.
Example
