What is the full form of CTC

CTC: Cost To Company

CTC stands for Cost To Company. It is the annual salary package of an employee. It indicates the total expenses that a company/organization spends on an employee in a year. Now a days, most of the companies offer their salary in the form of CTC.

CTC is not the actual salary of the employee. It also includes the facilities given to the employee during the service period.

It clearly means that CTC is not only the salary, but it also includes many things like meal, medical facilities, phone bill, house facilities, travel allowance etc.

Let's take an example to understand it well:

Benefits may be change from company to company. Let's take an example of benefits for the above employee are: