The gross salary before income tax and other deductions is what is listed as Cost To Company salary for a period of 12 months in a financial year. What is a CTC package? The CTC package shows a detailed break-up showing basic salary, HRA (House rent allowance), and other such allowance...
The cost to company does not amount to basic salary but is the entire salary package which an employee receives. It is an aggregate of various incentives, allowances, perquisites and employer’s contribution towards Provident Fund (PF) and Employee’s State Insurance (ESI). CTC includes all ty...