What is the full form of CTC?

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Answer:

CTC: Cost To Company

The full form of CTC is “Cost To Company“. The total annual cost incurred by the company on account of hiring a employee during one year is called CTC. Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa. It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee’s salary is ₹55,000 and the company pays an additional ₹5,000 for their health insurance, the CTC is ₹60,000.

It includes the in hand salary+P.F.+ ESI+ other perks the company is giving. Perks may include mobile bill, cafeteria allowances, transportation allowance and other special allowances. Employees may not directly receive the CTC amount. It addresses several areas related to service performance such as performance measurement criteria, customer support, guarantees and warranties.

Other full forms of CTC

Calcutta Tramways CompanyFirms & Organizations
Canada Tibet CommitteeCommunity
Canadian Tire CorporationCompanies & Corporations
Canadian Tire CorporationCompanies & Firms
Canadian Tourism CommissionFirms & Organizations
Care To Chat?Chat
Catholic Theological CollegeColleges
Center To CenterArchitecture
Central Texas CollegeUniversities & Institutions
Central Traffic ControlLaw & Legal
Centralized Traffic ControlTransportation
Certified Travel ConsultantAwards & Medals
Certified Travel CounselorOccupation & Positions
Channel To ChannelGeneral Computing
Child and Teen CheckupsHospitals
Chubu Telecommunications CorporationCompanies & Corporations
Cinnamon Toast CrunchFood & Nutrition
Citizens Telephone CompanyCompanies & Firms
City Technology CollegeColleges
Coast To CoastAccounting
Combat Training CenterMilitary
Common Toxicity CriteriaTreatments & Procedures
Common Toxicity CriteriaOncology
Community and Technical CollegesColleges
Community Technology CenterEducational
Community Transportation CoordinatorTransportation
Community Tribute ClassicCommunity
Competitive Transition ChargeGeneral
Concord Telephone CompanyCompanies & Firms
Contract Target CostMilitary
Corporate Tax CreditGeneral Business
Counter-Terrorism CommitteeUnited Nations
Crush Tear CurlUnclassified
Cyclists Touring ClubCycling
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