Cryptocurrency Q&A
Is CTC a salary?
Is CTC a salary?
Carolina
Thu Nov 21 2024
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5 answers
793
I'm wondering if CTC stands for a form of salary or compensation. I've encountered this term in some discussions about employment and want to clarify its meaning in relation to a person's earnings.
5 answers
ShintoBlessing
Sat Nov 23 2024
Cost to Company (CTC) signifies the comprehensive remuneration package offered to an employee.
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Stefano
Sat Nov 23 2024
This package encompasses not just the monthly earnings but also various other components.
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StormGlider
Sat Nov 23 2024
Monthly components include the basic pay, which forms the foundation of the salary.
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Valentina
Sat Nov 23 2024
Additionally, CTC takes into account reimbursements for expenses incurred by the employee and various allowances like housing, transport, and meal allowances.
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Tommaso
Fri Nov 22 2024
When considering the annual components, CTC includes gratuity, which is a retirement benefit. It also comprises annual variable pay, which may vary based on performance or company profitability, and the annual bonus, which is a reward for the employee's contributions over the year.
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