Ctc is equal to gross monthly salary or gross annual salary?

Question

Ctc is equal to gross monthly salary or gross annual salary?

Answer 1

Cost to Company is gross annual salary-- sum of basic, DA, allowances, perks, PF...

Read Income From Salary in India, salary breakup

http://mytaxes.in/index.php?topic=17.0

Answer 2

There is nothing mandatory in the term CTC - it can be annual or monthly; most Firms give this a sa annual since there could be some quarterly perks or bonus etc. I know of firms that give the CTC numbers as a monthly component though.

All said and done, CTC simply means the gross pay inclusive of all that the company spends on you as their Employee, inclusive of Employer's contribution towards your PF, DA, any allowances and any other expenditure.

Answer 3

By default CTC is a term used for an yearly period. CTC means Cost to Company.

CTC includes

Basic + PF contributions + Bonus + Other benefits

Each company will have different items in CTC. Your take home salary will be much much less than the CTC

To get an approx take home salary per month divide the  CTC by 16

Say a persons CTC is 800000 then the monthly take home salary will be approx 50000

Answer 4

WHat ever the compnay spen on you for retaining your servce called CTC.  In some cases CTC even include Gratuity also.

Answer 5

what does ctc stand for?

Answer 6

CTC or cost to company is calculated on a monthly basis..........incentive or bonuses are adjusted with annula salary that y p.a salary is not taken under consideration while talking abt CTC........