<P> The information in this article appears to be suited for inclusion in a dictionary, and this article's topic meets Wiktionary's criteria for inclusion, has not been transwikied, and is not already represented . It will be copied into Wiktionary's transwiki space from which it can be formatted appropriately . </P> <P> If this page does not meet the criteria, please remove this notice . Otherwise, the notice will be automatically removed after transwiki completes . </P> <P> Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa . It indicates the total amount of expenses an employer (organization) spends on an employee during one year . It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period . If an employee's salary is ₹ 50,000 and the company pays an additional ₹ 5,000 for their health insurance, the CTC is ₹ 55,000 . Employees may not directly receive the CTC amount . </P> <P> The CTC can include many elements in addition to salary / wages, such as health care, pension and allowances for housing, travel and entertainment . Tax is also deducted from the cash amount the employee receives directly . The term CTC is a trick used by companies in India to make employees believe that they are a cost to a company than a asset with which a company generates revenue . A hypothetical breakdown of CTC is given below: </P>

What is full form of ctc in salary