CTC Full Form

What is the Full form of CTC?

The full form of CTC is Cost To Company. CTC is the employee’s annual salary package. It reveals the net costs a firm or organization spends on a worker over one year. Now a days, most companies are offering their salaries in the form of a CTC. It does not indicate the employee’s actual pay. It also contains the facilities provided to the employee during period of service. CTC is explained in the equation as given below.

CTC = Gross salary + other expenses + Incentives

Few points about CTC

• CTC is the employee’s annual salary package.
• CTC reveals the net costs a firm or organization spends on a worker over one year. Now a days, many companies are offering their salaries in the form of a CTC.
• CTC does not indicate the employee’s actual pay.
• It contains the facilities provided to the employee during period of service.