What Is CTC? Cost to Company (CTC) is a term often used in employment contracts to indicate the total monetary value that an employer invests in an employee annually. It is essential for job seekers and employees to understand the difference between CTC and the in-hand salary they receive. In this article, we will delve into the intricacies of CTC and shed light on how it differs from the in-hand salary. As individuals seek employment or negotiate salary packages, they encounter the term CTC ... What is CTC? Understand its meaning, components, and impact on your salary. Learn How to Calculate CTC with a simple formula. CTC mean the total annual spend a company makes on an employee. This number covers your basic pay, allowances, bonuses, and benefits such as provident fund or health insurance. Knowing the CTC meaning is important because it shows the true value of your offer. Understanding your salary structure can be confusing, especially with terms like CTC, gross salary, and net salary. CTC stands for Cost to Company, and it represents the total expense an employer incurs for an employee.
