CTC is not equal to in-hand salary!CTC or Cost To Company is the total amount of money that an employer spends on an employee, including salary, benefits, and statutory contributions. It is important to understand the components of CTC when negotiating a job offer or comparing salaries.Follow the thread for some additional things to keep in mind about CTCThe CTC is not the same as the net salary that an employee takes home. The net salary is calculated after deducting taxes and other mandatory d
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CTC salary: Cost to company, NETT & gross packages explained
CTC salary: Cost to company, NETT & gross packages explained
Aug 27, 2024
briefly.co.za
Your CTC vs In-hand! Most employees get confused when they receive their first payslip because the amount is much lower than expected. This happens because people don't understand the difference between CTC, gross salary, and take-home salary. CTC stands for Cost to Company - it's the total amount your employer spends on you annually. This includes your gross salary plus various benefits, allowances, and employer contributions. Gross salary is your actual salary before any deductions like income
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