CiteHR
Ξ ASK or SHARE
HOME ANSWERED NEW CONTACT ABOUT LOGIN
Home > Human Resource Section > Employee Compensation & Benefits

Meaning Of CTC - Employer And Employee

rao533 Started The Discussion:

Hi everybody, i would like to know about CTC. what it means exactly. please explain me.

[ narasimhan ] Member Since: Feb 2007
CTC includes every thing like Basic,HRA,CCA,other allowances,Employer’s contributions in ESI,PF,Gratuity,Bonus/Ex-Gratia etc.

[ khyat ] Member Since: Apr 2007 (Contributing Member)
hi ctc means cost to company.... it includes all the expenditure the company does on an individual.......like ur basic, hra,da,other allowances,bonus,pf,lta,er contribn to pf etc............

[ amritamaity ] Member Since: Apr 2007 (Contributing Member)
hi

cost to company has alredy been mentioned above.but beware to know that properly before joining a co. It is also a way by which co.attracts ppl.medical insurance premiums or training costs or leave allowances may be included in that,whch u may not be actualy using during ur work life.

cheers
amrita :)

[ khyat ] Member Since: Apr 2007 (Contributing Member)
a good 1 amritamaity... i have heard of cos which give a ctc of 8 lacs but actually in that 2 to 3 lacs is for accident insurance and other such stuffs...so its very imp to know the ctc break up...

[ anualex ] Member Since: Apr 2007
it means "Company's Total Cost" which is inclusive of PF and all other benefits that the company gives you.and It is the annual salary that you normally get.It is the cost incurring for the company when they employ you.

[ John Chiang ] Member Since: Feb 2007 (Contributing Member)
You may refer the web site at: http://www.abbreviations.com/CTC It used to be abbreviation of Contact. John

[ anualex ] Member Since: Apr 2007
oh ya... thanks a lot.....thought it was a genuine question. gr8....appretiate your feedback and sense of humor.. ragards Anu

[ Anu.s ] Member Since: Jan 2007 (Contributing Member)
i to all hr guru im ankitha i need some information abt CTC, hw to calculate, hw to do ? regarding tdis topic any one pls explain me briefly anu.ankitha@gmail.com regards Swetha

[ Anu.s ] Member Since: Jan 2007 (Contributing Member)
i to all hr guru im ankitha i need some information abt CTC, hw to calculate, hw to do ? regarding tdis topic any one pls explain me briefly anu.ankitha@gmail.com regards Swetha

Found This Useful? +Vote Up This Page Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
PAGE - 1 23


8539 views23 replies
Knowledgebase Categories
Human Resource Management
Talk To Seniors
Forms, Formats & Questionnaires
Building A New Business
Business Schools/Management Institutes
Employee Compensation & Benefits
Labor & Employee Relations
Organizational Development
HRIS & ERP
Employee Training & Development
Business Knowledge Management
Performance Management
Financial Management
Organizing Corporate Events & Conferences
Safety & Health Of Employees
The Best Case Discussions
Popular Discussions
Topic Categories >>  employer and employee   professional development   training costs   ctc break up   medical insurance   tax benefits   hr department   ex gratia   salary break up   employers contribution   base pay   compensation management   Location-India 


PLEASE KEEP YOUR CONDUCT PROFESSIONAL AND POLITE
Add New Query
3 Easy Steps
Add To This
Share What You Know

Related Information

Ctc
Hi Please explain me the actual meaning of CTC. Is the employer s share of ...

What is ctc?
Hi All May I know the exact meaning for CTC? Iam bit confused between CTC ...

Ctc means?
We all say CTC Cost to company But most of us doesn t know ...

Regarding ctc ...
Hi friends Can anyone please explain me what are the details I shoud eye for ...

Difference between gross and ctc
iam venkat now just i completed my mbahr. plz explain gross salary and ctc and ...

Download Thread

 Don't Just Communicate, Explain.pdf
(518 Downloads)

 How to know the meaning.doc
(931 Downloads)

 Meaning of Name.xls
(810 Downloads)

3M Users, 100K+ Documents & 450K+ Discussions
Share »

Community Support & Professional Insights. Login & Explore.
Email/Username     Password  
Login Trouble? | Register


Discuss problems with your peers without getting into personal specifics.
Access to years of discussion data available to everyone at no cost.

 
About Us - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network