<P> Cost to company ( CTC ) is a term for the total salary package of an employee , used in countries such as India and South Africa . It indicates the total amount of expenses an employer ( organization ) spends on an employee during one year . It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period . If an employee 's salary is ₹ 50,000 and the company pays an additional ₹ 5,000 for their health insurance , the CTC is ₹ 55,000 . Employees may not directly receive the CTC amount . </P>
<P> Cost to company ( CTC ) is a term for the total salary package of an employee , used in countries such as India and South Africa . It indicates the total amount of expenses an employer ( organization ) spends on an employee during one year . It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period . If an employee 's salary is ₹ 50,000 and the company pays an additional ₹ 5,000 for their health insurance , the CTC is ₹ 55,000 . Employees may not directly receive the CTC amount . </P>
what is full form of ctc in salary
what is full form of ctc in salary
Cost to company
Cost to company