Hi Mahesh,
CTC stands for Cost to Company. It represents the total expenditure a company incurs for its employees, encompassing both direct and indirect costs. Components of CTC typically include gross salary, bonuses, PF contributions, and other allowances such as medical allowance, HRA, cell phone bills, and more.
Hope this clarifies things for you.
Regards,
Varsha
From India, Pune
Acknowledge(0)
Amend(0)
1CTC stands for Cost to Company. It represents the total expenditure a company incurs for its employees, encompassing both direct and indirect costs. Components of CTC typically include gross salary, bonuses, PF contributions, and other allowances such as medical allowance, HRA, cell phone bills, and more.
Hope this clarifies things for you.
Regards,
Varsha
From India, Pune
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Employee Data - Format.xls
Employee leave format.doc