CTC stands for Cost to Company. It basically encapsulates the salary package of an employee. However, it is much more than the traditional salary. The CTC is the total amount of expense an employer is spending for an employee in a year.
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Without the availability of information provided in a Total Compensation Statement, it difficult to get or give a true picture of CTC. The added confusion comes some companies also include operating or running costs into the definition or computation figures. For example rent for office space the employee occupys; reimbursements for mobile and transport expenses that the employee incurs while carrying out his job; income taxes which is a personal liability unless the company pays for them and also for the tax on tax.
Read the entire job announcement. Focus on the following sections to understand whether or not you qualify for the position. This critical information is found under:.