what is ctc 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 the salary, allowances, bonuses, commissions, and other associated costs. It indicates the total amount of expenses a company spends on an employee during one year, including both monetary and non-monetary components. The CTC can include elements such as health care, pension, and allowances for housing, travel, and entertainment. It is calculated by adding the salary to the cost of all additional benefits an employee receives during the service period. The CTC amount may not be directly received by the employee, as it includes various components that may not form part of the monthly take-home pay