What is a ctc

Question

What is a ctc

Accepted Answer

CTC stands for Cost to Company and refers to the total salary package of an employee including all benefits and allowances.

CTC includes all components of an employee's salary package such as basic salary, allowances, bonuses, and benefits.
It also includes employer contributions towards employee benefits such as provident fund, medical insurance, and gratuity.
CTC is the total amount that an employer spends on an employee in a year.
It is important for employees to understand their CTC as it helps them negotiate their salary and understand the value of their benefits.
For example, if an employee's CTC is Rs. 10 lakhs per annum, it means that the employer is spending Rs. 10 lakhs on the employee in a year.

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