2006-10-31 00:58:00 · 4 answers · asked by Eldorado-thirst 4 knowledge 1 in Business & Finance ➔ Taxes ➔ India
Dear ,
CTC refers to "COST TO COMPANY "
this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
hope this satisfies your query for more queries you can directly contact .
anubhav@presidency.com
09811402524
Location : NEW DELHI
FIRM : SENGAR MARKETING INT>
2006-10-31 01:19:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Cost To Company .... It includes all your perquisites, fringe benefits you enjoy, taxes that are deducted and paid by the company on your behalf, etc. besides your take-home salary.... in other words CTC is what you actually cost the company.
2006-10-31 03:02:41 · answer #2 · answered by keyman_o 3 · 0⤊ 0⤋
CTC means cost to the company and includes indirect expenditures on you made by the company as well.
2006-10-31 01:00:59 · answer #3 · answered by Neeraja Singh 3 · 0⤊ 0⤋
Cost to company... it will include everythin like medical reimbursement, fuel reimbursement, House rent allowance, dearness allowance, insurance, etc. that the company is paying you apart from your basic salary! It will also include any other benefit like free monthly food coupons, etc.
2006-10-31 01:21:00 · answer #4 · answered by Ophelia_Chennai 2 · 0⤊ 0⤋