The CTC includes all the elements of a salary structure - basic salary, House Rent Allowance (HRA), Basic Allowance, Travel Allowance, Medical, Communication,
1. The first and most important part of the CTC is the basic salary. This is the amount that is payable to the employees for their services to the organisation. It forms a part of their take home salary and is subject to income tax. Usually, employers make sure that the basic salary ...
The full form of CTC isCost To Company. CTC is the employee’s annual salary package. It reveals the net costs a firm or organization spends on a worker over one year. Now a days, most companies are offering their salaries in the form of a CTC. It does not indicate the employee’s...
Basic Salary The basic salary is the income of employees received against the number of days they have worked and their designation. It is the prime part of the CTC (about 30-50%) and paid without any prior additions and deductions. The basic salary of an employee must comply with the mi...