Terms of the offer
CTC mean the total annual spend a company makes on an employee. This number covers your basic pay, allowances, bonuses, and benefits such as provident fund or health insurance. Knowing the CTC meaning is important because it shows the true value of your offer. What is CTC? CTC stands for “Cost to Company”. It is a commonly used term in employment and jobs. CTC is defined as the total amount of money that the company is going to spend on an employee. It will include salary, bonuses, incentives, provident fund. It is the total amount that an employee can expect from the company in the form of different direct and indirect benefits. While salary is the most basic form of compensation that an employee receives from the company, CTC is made by ... The employees’ CTC is the gross amount, while the amount of salary one gets to take home is the net salary. Read here to know more about gross salary. What is CTC? Understand its meaning, components, and impact on your salary. Learn How to Calculate CTC with a simple formula.
