What is CTC full form
CTC full form- Cost to company. it is the annual salary package of an employee.it is calculated adding salary to the cost of all additional benefits an employee receives during the service period.it clearly means that CTC not only the salary but also includes many things like house facility, travel allowance, medical facilities, phone bill, etc.some of the company include gratuity in the CTC, gratuity is a sort of bonus that paid out when you resign or retire from your company. you are entitled to gratuity only after completing 5 years in the company.
some company especially large investment banks also add office space rent in the CTC package. if your company provides you accommodation, driver, car, etc, the value of these facilities will be included in your CTC.
CTC = GROSS SALARY + incentive + other expensive.
it is better to know your salary structure. it helps in knowing how much you make.CTC is nothing but the cost that the company incurs to employ you and keep you employed.
is includes your pay and anything else that the company may incur to keep you in employment.