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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.
What else can I help you with?
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.
What does yearly gross salary mean?
what does salary gross mean
How do you calculate CTC?
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
What does the french word paie mean?
pay, salary
What do you mean by internal and external liability of the company?
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
What is net salary if ctc is 30000?
What is net salary if ctc is 30000
CTC Salary Calculation Formula?
To calculate the Cost to Company (CTC) salary, you would typically add the employee's total salary package which includes the basic salary, allowances, bonuses, and benefits like medical insurance, provident fund contribution, etc. The CTC represents the total cost incurred by the employer in hiring the employee. It's important to consider all components of the salary package when calculating CTC.
What is the relationship between gross salary and cost-to-company?
what is the difference between gross salary and CTC
What is current CTC and expected CTC for salary?
More Clearly... CTC stands for COST TO COMPANY this includes : GROSS SALARY + incentives that are provided from the firm . incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc. THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
How to mention ctc in resume?
To mention CTC in resume you are supposed to list it under your academic qualifications. You may also list under it under the professional qualification if you have done work that is CTC related.
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.
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.
What is the salary offered by caterpillar India?
Master's degree holder, total CTC 6.15 lakh
What is the meaning of CTC in Lacs?
CTC in lac(s) means Cost To Company in Lacs(Lakhs). Cost To Company is the total cost to employ a given person (e.g. you) Lac is a unit of 100,000 (one hundred thousand). E.g. if your annual salary is $120,000 and the company has to pay 25% tax after your salary, the CTC in Lacs is $120,000 * 1.25 / 100,000 = 1.5 .
What is net salary if ctc is 1.8 lakhs per annum?
Rs.8,000/-
Let us know the real meaning of CTC?
Based on the Category this question is listed, I assume you are asking about Cost To Company. CTC is the annual cost a company Incurs if it hires a person. You need to be clear that it is NOT your take home salary. Depending on the company, the structure of CTC and take home salary might vary. But it should give you a rough idea of your take home. The best way to find out your approximate salary would be to go through the breakdown and deduct all possible deductions/taxes/fees, etc... There are some companies where your salary might be greater than your quoted ctc. But more often than not, this is not the case. I have known some companies which even include your cubicle rent in your ctc. So, it is best to analyze the breakdown. Hope this helps!
What you write in current ctc and in expated ctc?
what is means Current CtC and Exp Ctc
