CTC indicates the complete cost a company bears for an employee, while Gross Salary gives a more immediate view of what an employee earns prior to any required deductions. The final take-home salary is less than both CTC and Gross Salary because of these deductions. ...
CTC= Gross Salary + Direct Benefits + Indirect Benefits For example, if an employee’s salary is Rs. 35,000 and the company also pays an additional bonus of Rs. 5,000 for health insurance, the CTC is Rs. 40,000. FAQs (Frequently Asked Questions) What is the full form of CTC?
CTC = Gross salary + other expenses + Incentives Few points about CTC CTC is the employee’s annual salary package. CTC reveals the net costs a firm or organization spends on a worker over one year. Now a days, many companies are offering their salaries in the form of a CTC. ...
The CTC includes all the elements of a salary structure - basic salary, House Rent Allowance (HRA), Basic Allowance, Travel Allowance, Medical, Communication,
What is gross salary? Do you know the difference between CTC and gross salary? Read on to understand what these terms mean and how to calculate gross salary from CTC.
When negotiating the final salary with a prospective employee, you often come across terms like ‘Cost to CompanyorCTC,’‘Take Home Salary,’ and‘Basic’in their salary breakdown. While the gross figure at the end of the calculation matrix may look a lot like what your employee dreams of...
CTC (Cost to Company): Know what is CTC, CTC full form, its components and benefits in salary. Learn how to calculate CTC and what it means for employees.
Allowances:You will receive a number of allowances, as part of your salary structure, which will help you take care of your basic needs. These include: House Rent Allowance (HRA): Leave Travel Allowance (LTA): Dearness Allowance (DA): ...
Cost to Company (CTC) =Gross Salary + Benefits 7,84,600=6,75,000+109600 What is included in CTC? All expenditures on an employee, both financial and nonfinancial, are included in the CTC. These consist of: Base Salary Dearness Compensation (DA) ...
Gross salary implies the total salary received by an employee, in a particular financial year, which includes basic pay, allowances and add-on benefits. On the other extreme, CTC can be defined as the cost incurred by the company for acquiring human resources and retaining them for the long...