What is CTC Package or Salary?

The CTC is an acronym of Cost-to-Company. The Cost-to-Company is the sum of all direct and indirect benefits given to an employee. Your in hand salary is the amount after deduction all taxes, PF and other deductions from your CTC package or salary.

Components of CTC Package or Salary

Direct Benefits

#Basic Salary

#Dearness Allowance (DA)

#House Rent Allowance (HRA)

#Medical Allowance

#Conveyance Allowance

#Incentives

#Bonuses

Related: 10% Reservation quota for General Category

salary

Indirect Benefits

#Medical Insurance

#Employer Provident Fund

#Interest Free Loans (if any)

#Gratuity

 

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