Gross salary is the aggregate amount of compensation discharged or spent by an employer or company towards the employment of an employee, before any deductions. The aggregate compensation would be the Cost to Company or CTC to employees. CTC = Direct Benefits + Indirect Benefits + Savings Contributions CTC contains all the monetary and non-monetary amounts spent on an employee. These include: Expected CTC is a term used to understand what a candidate is expecting from the organisation in terms of his/her CTC. Take-home pay is the net amount of income received by the employee after the deduction of taxes, benefits, and other voluntary contributions from their paycheck. Whereas CTC or Cost to Company is the sum or total amount a company is spending on an employee in a year. It includes the Take Home Salary along-with other benefits and allowances. The CTC is made up of several different components including the take home pay, benefits, allowances, and more. Here are the crucial components of the CTC break-up: There are two kinds of benefits, direct and indirect: When negotiating, make sure to try and increase the direct benefits component as much as possible. Here are a few ways: In-hand salary is the net amount of income received by the employee after the deduction of taxes, benefits, and other voluntary contributions from their paycheck. Whereas CTC or Cost to Company is the sum or total amount a company is spending on an employee in a year. It includes the In-hand salary along-with other benefits and allowances.What is Cost to Company (CTC) and gross salary?
How is Cost to Company (CTC) calculated in salary?
What does Cost to Company (CTC) include?
What is expected Cost to Company (CTC)?
Is Cost to Company (CTC) the same as take-home salary?
What is Cost to Company (CTC) breakup?
What are the Cost to Company (CTC) Benefits in India?
How to make the most of Cost to Company (CTC) being offered?
What is the difference between CTC and in hand salary?
What is Cost to Company (CTC)? | Meaning & How It's Calculated | HR Glossary (2024)
Table of Contents
What is Cost to Company (CTC) and gross salary?
How is Cost to Company (CTC) calculated in salary?
What does Cost to Company (CTC) include?
What is expected Cost to Company (CTC)?
Is Cost to Company (CTC) the same as take-home salary?
What is Cost to Company (CTC) breakup?
What are the Cost to Company (CTC) Benefits in India?
How to make the most of Cost to Company (CTC) being offered?
What is the difference between CTC and in hand salary?
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