CTC Full Form

The full form of CTC is Cost to Company. It is the complete package that a company offers to its employees per annum. CTC does not mean the actual pay that an employee gets from the company. In a way, it includes all the components that a company or an organisation spends on for their employee. Hence, the CTC also includes the services, like meals, insurance or medical facilities, phone bills, house allowance, travel allowance, etc, that the organisation provides to their employees. 

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Common Components Included in a CTC

One major component of the salary is the Basic salary if the employee. Some other common components of a CTC include the Dearness allowance, Travel allowance, Entertainment allowance, Overtime allowance, Medical reimbursements, House rent allowance, and Gross salary. Apart from this, the other benefits provided by the company may differ from company to company. 

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Example of CTC

Here is an example of CTC for your better understanding

Cost to Company (Fixed- INR) 410000	Amount Annualy	Amount Monthly
Basic	206800	17233
House Rent Allowance	103400	8617
Special Allowance	78200	6517
Total Gross Salary	388400	32367
EPF (Employee Deduction)	21600	1800
Net Salary	366800	30567
EPF (Employer Contribution)	21600	1800
Cost to Company	410000	34167

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