what is ctc in salary

CTC stands for Cost To Company. It is a term used to refer to the total salary package and benefits received by an employee in a year, including free meals, cabs, interest, and more. It is the gross salary before income tax and other deductions, and it includes all monetary and non-monetary amounts spent on an employee. CTC is used by companies to show the total remuneration and is often listed in a detailed break-up showing basic salary, HRA, and other allowances. It is different from the net salary, which is the take-home pay after deducting income tax and other deductions from the gross monthly pay