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Understanding your salary structure can be confusing, especially with terms like CTC, gross salary, and net salary. CTC stands for Cost to Company, and it represents the total expense an employer incurs for an employee. 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. CTC full form The full form of CTC in salary is Cost-to-Company. It is the total expense an employer incurs by employing an individual in a year. It includes the direct benefits an employee receives as part of their salary, such as basic pay, house rent allowance, and bonuses, along with indirect benefits such as insurance and provident fund contributions. Understanding how each of these components make up an employee's CTC will help you in structuring the best compensation package for your ... What is CTC? Understand its meaning, components, and impact on your salary. Learn How to Calculate CTC with a simple formula.
