What is the Full Form of CTC ?

CTC - Cost To Company


Cost to Company is used to refer to the total cost that an organization is spending in employing someone. It can include :-

  • Basic Salary   
  • Dearness Allowance (DA)
  • Travel Allowance (TA)       
  • Leave Travel Allowance (LTA)   
  • House Rent Allowance (HRA)       
  • Conveyance allowance
  • Telephone / Mobile Phone Allowance           
  • Company Leased Accommodation
  • Medical and Life Insurance premiums paid by company
  • Medical allowance and more       

           
Before Hiring, a company always asks the following question to an Employee :
Current CTC - The salary that you receive from current organization
Expected CTC - Salary that you expect from us

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