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.
CTC stands for - Cost to Company is the total cost that an organization is spending towards their employee including the salary, perks, etc.
Yes. CTC includes both Employee and Employer PF contributions
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.
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 is means Current CtC and Exp Ctc
CTC
TUTUN-CTC was created in 1924.
CTC - cycling - was created in 1878.
CTC Media was created in 1989.
CTC refers to the current Cost to Company. CTC is a term that is used to describe an investment without a return. Things like the travel expenditures and interviewing are usually interpreted as CTC's.
If company does not offer any annual benifits, we can also compute monthly CTC
CTC Salary Calculation Formula?