The Ultimate Guide to Understanding CTC in Salary: Full Form Calculation, Inclusions, Real-life Example, and More – Equitypandit
Cost to Company” (CTC) incorporates the employee’s salary package. CTC includes all components, such as basic pay reimbursements, various allowances and perks. It also includes annual components like gratuity, variable yearly income and annual bonus. Employers use CTC to accurately represent the total cost per employee from the organisation’s perspective. This covers both direct and…