rao533 Started The Discussion:
Hi everybody, i would like to know about CTC. what it means exactly. please explain me.
Posted 30th April 2007 From India
CTC includes every thing like Basic,HRA,CCA,other allowances,Employer’s contributions in ESI,PF,Gratuity,Bonus/Ex-Gratia etc.
Posted 2nd May 2007 From India, Bangalore
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............
Posted 2nd May 2007 From India, Khopoli

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.

amrita :)
Posted 2nd May 2007 From India, Delhi
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...
Posted 2nd May 2007 From India, Khopoli
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.
Posted 2nd May 2007
You may refer the web site at: http://www.abbreviations.com/CTC It used to be abbreviation of Contact. John
Posted 2nd May 2007 From China, Shanghai
oh ya... thanks a lot.....thought it was a genuine question. gr8....appretiate your feedback and sense of humor.. ragards Anu
Posted 2nd May 2007
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
Posted 2nd May 2007 From India, Bangalore
CTC stands for cost to the company i.e the total expenditure of the company towards a particular employee. It includes each and every cost in terms of money and materials, some of the components are-
Gross Salary
PF Contribution from employer side
ESI or Medical contribution from Employer side
Cell Phone Allowance
Hard furnishing goods
Food coupons etc.

general rule followed is:

Basic Pay (Base pay + employers contributions towards retirals: PF, Gratuity, Superannuation Fund) +
Allowances (all cash allowances like Housing(hra), Medical, Conveyance, Education, etc.)+
Performance Pay (fixed or variable bonus, estimated value of ESOP)+
Any other cashable benefit (mobile phones, fuel charges, food coupons, etc.)

All reimbursable allowances , professional development,

Posted 2nd May 2007 From India, Khopoli

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