What is the meaning of CTC?

What is the meaning of CTC? What can it include?

CTC refers to "COST TO COMPANY "
this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
hope this satisfies your query
Regards,
Raghavendra B R

Subject : What is CTC ?
ctc refers :"cost to company"
this includes : gross salary + (pf + esi or medical insurance + bonus +gratuity) + others incentives or facilities.
Regards
jay

CTC - Cost to Company - is the TOTAL investment from a company to maintain an invididual / employee on their rolls. This may be in cash or kind which is translated to financial outgo for a company.
Rajusiachen

Dear Concerned,
CTC includes the following:

SN
Particulars
%age
Remark
1
Basic Pay
40% of CTC
There is not fixed criteria, but this is normal practice in industries. It can be verified…
2
Dearness Allowance
As the case may be
3
House Rent Allowance
40% of Basic
4
Conveyance Allowance
800 pm
5
Medical Allowance/Reimbursement
Fitment
6
Education Allowance
Fitment
7
All Allowances
Fitment
8
LTA
Fitment
TOTAL(A) , GROSS SALARY


9
Employer share PF
13.61% of Basic Pay

10
Leave, if leave quantum is 39 in a year
10.68 % of Basic

11
Gratuity
4.81% of Basic

12
Uniform, Shoes


TOTAL (B)


TOTAL A&B arrive at CTC


This is Cost to the Company, it varies from industry to industry
Hope above table will make some sense.

Regards


Vinod,
HR, Tarapur

CTC means Cost to Company
It includes
CTC=BASIC SALARY+ALLOWANCES+EMPLOYER CONTRIBUTION INTO PF & ESI+OTHER INCENTIVES ETC PAID BY COMPANY
Regards,
Rajesh Kumar
HR-Compliance

CTC means cost to company
simply means that every pie that is being paid to an employee is treated as part n parcel of the Salary that is recieved by the employee from the employer either monetary or non - monetary

CTC of an emplyee means the total cost incurred for retaining the Employees. This includes Basic Salary, All Allowances, PF & ESI Contributions by company and other incentives.
Vijay Jadav

Hi All,
My CTC is 5.5L. How do I calculate my take home. Please guide me how to calculate take home. The Salary break up is as below...
basic:164400
india allowance:72000
conveyance allowance:9600
customized Allowance pool:247852
variable pay:27500

Sub Total: 521352

insurance premium:700
company contribution to PF:19728
gratuity:8220

Grand total: 550000
Thanks.

Yes, CTC means every cost being incurred by the organization for retaining its work force.