What is the full form of salary CTC?

Cost to Company....

Most of the times it the following:
>> the basic
>> HRA
>> PF (both company contribution and your contribution)
>> DA
>> LTA
>> Graduty etc ....

In short whatever that company pays to you (immediately or later on).

Cost to company is full form of CTC. It means ,how much amount will total pay opon you by company ? Every company bear to difference exps items over Employee as water, telephone & other exps not calculated in total salary.
It is a option of choosen best employee by employer limit of total exps . Every Employer always comprison between at the time of appointment of two employee.

Thank you.
Harindar gupta

Cost to Company (CTC) is a term used to describe an investment without return. Travel expenditures, interviewing, spending time with potential customers can all be interpreted as CTC's.

Cost to Company can also be used to refer to the total cost that an organization is spending towards their employee including the Salary, Perks, Cost related to benefits, Cost related to hiring, Training, Retirals, Statutory Contributions etc.

Here is more input:

* Cost to Company is a buzz word to describe how the company can slowly pay you less and less, and remove all your benefits, until you are "self funded" - in other words you pay for all your "benefits" yourself, while the company receives the tax benefits for these payments. This improves their profit ratio, and if this system is extrapolated, you will eventually pay the company to work there. So you'll need a second job to fund this. :-)

* CTC - Cost to company is a trick of a company and HR department, to show we are paying a big salary, but unfortunatly it is just bubble. They overload total expences of human resorces on salary, and show that they are paying this much salary to the staff. but actualy they pay less and show more. For example....your salary is 6.00 Lacs p.a. Means ... you are getting 50,000/- per month. But actuly person gets only 25,000/- per month...all other money is deducted for facilities.. Means we are paying for getting facilities, but company shows they are giving us good facilities in the organization. In short, we pay from our salary for getting facilities, but company says they are giving good facilities to there staff. So you are paying for even unwanted facilities which you dont need. Before deciding CTS ask for breakup of facilities.

To the best of my knowledge the components to include in the CTC are as follows...
1. Basic
2.D.A
3.HRA
4.E.A( Educational Allowance)
5.T.A
6.L.T.A
7.Leave Encashment.
8.Bonus.
9.PF subscription of the employer share.
10.cost of any housing or other accomodations provided by the employer.
11.Cost for Vehicle provided or vehicle allowance.
12.Any other aminities or services provided by the employer.
regards.

It expands to Cost To Company. It is that cost incurred by the company in employing someone. Contrary to what people think, an organization spends more amount than what consitutes a persons regular take home salary/benefit/perquisites. Apart from the visible components of income like Basic Salary, DA, HRA, TA etc etc, the CTC also includes company's share of Superannuation fund, Provident fund, Gratuity, Car maintenance/fiance charges etc. soft loans/interest free loans, leave with pay for education, stock options, medical insurance and so on.

Enter Your Message or Comment

User Name:
User Email:
Post a comment:

Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.004
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy