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