CTC is defined as total cost incurred by the company on an employee. Obvious expenses are Monthly Salary, Bonus, Employer's contribution towards his PF. Then you can add gratuity (Which company will be required to pay to an employee who has served for at least 5 yrs @ half month's salary for each completed year of service) To include this in the CTC, one may divide 2 and half times salary by 60 and add it to the monthly CTC. The management may also include expenses like transportation, telephone bill, subsidised food etc to this list of COST which company is incurring on the employee.
Hope that clarifies.
26th May 2008 From India, Mumbai
Please find attached the excel file, it details the CTC-cost to company and also is a useful salary calculator.
As mentioned by naresh its just a term given to the package offered by the employer to the employee. It also helps the employer to keep track of actual amount being spent on a employee and hence budgeting becomes easier too. Also since nowadays there are many variable parameters being introduced to CTC it becomes a big package and hence the employer as well as the employee is proud to declare it.
26th May 2008 From India, Thana
I want to make a salary slip so I want to split this CTC in a perfect salary break up and want to find a gud salary slip according to standard so pls help me and provide me a salary slip according to standard without pf
10th July 2018 From India, Roorkee
i need a salary slip from march to May 2018.my TCTC is 14000 per mnth. i need march 2018 to may 2018 pay slip Pls help. working as a Recruitment executive . My last company can't provided me my salary slip. Currently I need this to join other company.
16th October 2018 From India, Badarpur