What is the Full Form of CTC?
CTC Full Form is Cost To Company. these are many factors added to come to a final CTC figure. The employee has a base salary to which the company adds benefits and perks. CTC stands for Cost To Company. It is the annual salary package of an employee. A new job seeker often gets overwhelmed by looking at the large figure as he thinks that it is the salary that he will be taking home. It also includes the facilities given to the employee during the service period.
It can include :-
It can include :-
- Basic Salary
- Dearness Allowance (DA)
- Travel Allowance (TA)
- Leave Travel Allowance (LTA)
- House Rent Allowance (HRA)
- Conveyance allowance
- Telephone / Mobile Phone Allowance
- Gross salary
- Entertainment allowance and more
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