What is CTC in salary with example?

What is CTC in salary with example? CTC means Cost To Company. The total cost that a company would incur, on an employee, in a year. Per month salary and other benefits that the company pays an employee, are actually cost to the company.

How do I answer ‘what is your expected CTC?

The best answer is to tell upfront your expected CTC. Do some research in advance before attending the interview to find the salary range for your job profile and experience level.

What are the simple tricks employers play on your CTC?

Another simple trick employers play is to add your Stock Options to your CTC. Stock Options again are not a regular payment source, however they do increase the CTC considerably. You can learn about stock options, RSU’s and ESPP here in this article.

What are the conditions for CTCTC negotiation?

CTC can be negotiated in mainly two conditions: The urgency of the employer to hire you or if you have a competitive offer in your hand. What do high net worth individuals do with their money outside of the stock market?

Does the amount of direct benefits increase CTC?

But it definitely increases the CTC. Direct Benefits refer to the amount paid to the employee monthly by the employer which forms part of his/her take-home or net salary and is subject to government taxes. Indirect Benefits refer to the benefits that employees enjoy without paying for them.

Are compulsory deductibles part of CTC pay?

All the below mentioned are a part of the in-hand salary, and therefore, are a part of the CTC pay as well. A major part of CTC comprises of compulsory deductibles. These include deductions for provident fund, medical insurance, etc. They form a part of the compensation structure but doesn’t get them as a part of an in-hand salary.

What is take-home pay (in-hand salary)?

Take-home pay (known as in-hand salary in India) is the net salary after deducting income tax (TDS – tax deducted at source in India) and other deductions, from the gross monthly pay. Use Take Home Salary Calculator – India to make a decision of accepting the new job offer or not by looking at your monthly in-hand earnings and deductions.