Current CTC is the money your current company (where you currently work) invests in you in the form of salary and benefits as mentioned above. Expected CTC to you is a cost to the company, what you expect when you join a new company, or what you are asking for your current company’s raise.
What is your current CTC response?
If an application form asks for salary history information, it is best to leave it blank or enter a 0. If asked for your CTC or expected net salary, enter a 0 or negotiable.
What is your current CTC salary per month?
CTC stands for Cost to Business. This is the total amount that an employer spends on the employee annually. So your current CTC includes salary and any additional benefits that you will receive directly or indirectly during the year. There is a difference between the CTC and net salary.
What is CTC in salary with example?
Business Cost (CTC) is a term used in countries like India and South Africa for an employee’s entire salary package. … If an employee’s salary is ₹500,000 and the company pays an additional ₹50,000 for his health insurance, the CTC is ₹550,000. Employees cannot receive the CTC amount directly.
What is the current CTC on the resume?
Hello, what is CTC? Someone asked me, so the cost to the company is your current package in the organization you are currently employed at and ECTC is the expected cost to the company for your future business. … Therefore, one should not write the expected CTC in the CV.
What does CTC mean?
Cost to Business (CTC) is the annual cost that a company spends on an employee.
What is the current CTC for Plus fees?
Constituents of CTC
< th> 20000
| WIN (A) | DEDUCTIONS (B) | |
|---|---|---|
| Basic | Provident Fund | |
| Total(A) = | 40000 | Total(B ) = |
| GROSS SALARY = 40000 | ||
| NET SALARY = 30878 |
What is the best CTC or gross salary?
An employee’s net compensation would differ from that of the CTC. The employee CTC is the gross amount, while the take-home pay amount is the net pay. Put simply, the gross salary is the monthly or annual salary before deductions.
What is CTC and Pay in Hand?
Salary in Hand = Gross Salary Income Tax Business Tax It is important to note that the CTC offered differs from what you actually receive at the end of the month. The difference between CTC and cash payment are the various deductions made at the time of payment.