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CTC is a term which is used in business accounting and bookkeeping to track cost to company perks provided for the company's employees. Perks which are classified as CTC include dearness allowance, insurance benefits, medical expense reimbursements, mobile and telephone bill costs, meal expenses, retirement benefits, and leave or travel expenses.
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What is current CTC?
CTC stands for - Cost to Company is the total cost that an organization is spending towards their employee including the salary, perks, etc.
Whether ctc included employee pf and employer pf?
Yes. CTC includes both Employee and Employer PF contributions
How much is ctc?
CTC, or Cost to Company, refers to the total amount a company spends on an employee in a year, including salary, benefits, bonuses, and any other perks. The specific CTC amount can vary widely depending on factors such as the industry, job role, experience level, and location. To determine an individual's CTC, one typically needs to look at their employment contract or discuss it with the HR department.
How do you add current CTC in my resume?
CTC stands for cost to company. Salary is only one part of CTC. Adding CTC to a resume would only be advised if benefit to company was also listed. This figure could be included in a cover letter or as a bullet under accomplishments.
Is bonus included in CTC?
yes bonus is included in ctc. as per the bonus act the company is liable to pay bonus to every employees who has worked for not less than 30 days incl leaves, weekly offs etc, so it is a cost to the compmay
What you write in current ctc and in expated ctc?
what is means Current CtC and Exp Ctc
What is CTC per annum?
CTC, or Cost to Company, refers to the total amount a company spends on an employee in a year. It includes not only the basic salary but also bonuses, allowances, benefits, and any other perks provided by the employer. CTC is often used as a way to present an employee's total compensation package, giving a more comprehensive view than just the base salary.
What is ctc asap?
CTC
Why company ask for CTC?
Companies ask for the Cost to Company (CTC) to understand the total financial commitment involved in hiring an employee, which includes salary, benefits, bonuses, and other perks. This helps them budget for compensation and ensure alignment with their financial goals. Additionally, knowing the CTC aids in evaluating candidates' expectations and negotiating offers effectively. Overall, it offers a comprehensive view of the employment cost beyond just the base salary.
What does CTC 1.25 Lac To 2.25 Lac mean?
CTC stands for "Cost to Company," which is the total amount a company spends on an employee in a year, including salary, benefits, and any other perks. A CTC of 1.25 Lac to 2.25 Lac means that the annual compensation package for the employee ranges from 125,000 to 225,000 Indian Rupees. This figure encompasses not only the basic salary but also bonuses, allowances, and other benefits provided by the employer.
When was TUTUN-CTC created?
TUTUN-CTC was created in 1924.
When was CTC Media created?
CTC Media was created in 1989.
