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CTC is cost to company, calculated on basis of total payment made to employee, including ta, da, hra and other allowances see the reference link: http://www.ceveni.com/2008/10/what-is-ctc-and-how-it-is-calculated.html

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What does CTC mean in salary announcements?

CTC stands for "Cost to Company," and it represents the total amount a company spends on an employee, including salary, benefits, bonuses, and any other perks. It encompasses both direct and indirect costs associated with employment. CTC is often used in salary announcements to give candidates a comprehensive view of their potential earnings and benefits package. However, it's important to note that the actual take-home salary may be lower due to deductions like taxes and contributions to retirement funds.


To whom applicable for cost to company conponent?

The cost to company (CTC) component applies to employees, encompassing all expenses incurred by an employer for an employee's remuneration. This includes basic salary, bonuses, benefits, allowances, and any other perks provided. CTC is particularly relevant in salary negotiations and provides a comprehensive overview of the total compensation package. It is typically used in corporate settings to evaluate and compare employee costs.


If you made less than 12000 dollars last year and also had a baby how much will you get back?

If you made less than $12,000 last year and had a baby, you may be eligible for the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC). The amount you receive will depend on your specific income, filing status, and the number of qualifying children. For the 2023 tax year, the EITC can be up to approximately $3,733 for one child, while the CTC can provide up to $2,000 per child. To get an accurate estimate, it's best to use a tax calculator or consult a tax professional.


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