The Full Form of CTC is Cost To Company. It is the annual salary package of an employee that indicates the total expenses of a company/organization spends on an employee in a year. Nowadays, most of the companies offer their salary in the form of CTC. CTC is not the actual salary of the employee. It includes GROSS salary, incentives, and other expenses.
It is totally clear that CTC is not only the salary, it includes many things like company feeding you coffee, tea, meal, phone bill, house facilities, medical facilities, cost of fan in the room, travel allowance, etc. Furthermore, if the company gives you a driver to drive a car or a car to drive you, it is also included in CTC.
In simple if your salary is ₹20,000 then you will get ₹14,000 salary including all the expenses of the company.
Let's suppose, if your yearly salary is ₹500,000 and your company facilities like your phone bills, medical facilities, traveling cost, house facilities, etc all bills = ₹150,000 then your salary is ₹350,000. For Example:-
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