Quick Answer: How Do You Reply To Expected CTC?

How do I know my current CTC?

CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance..

Which is better CTC or gross salary?

Gross Salary: Subtract gratuity and the employee provident fund (EPF) from Cost to Company (CTC), the amount that you get is your Gross Salary. It is the amount that you get before deduction of income taxes and other deduction such as bonus, overtime pay, holiday pay etc.

Do you have any questions for us?

Always say ‘Yes,’ when an interviewer asks if you have questions. Surprisingly, the most common answer to the interview question, “Do you have any questions?” is no. … Assuming this is the first interview, it is premature to ask about benefits.

How do I tell about myself?

A Simple Formula for Answering “Tell Me About Yourself”Present: Talk a little bit about what your current role is, the scope of it, and perhaps a big recent accomplishment.Past: Tell the interviewer how you got there and/or mention previous experience that’s relevant to the job and company you’re applying for.More items…

How do you answer what is your notice period?

Sample Answers:My employer (or my contract with my employer) requires me to give [the amount] of notice before I leave, so I would be able to start on [date]. … I am finishing a project that should be completed by [realistic date], and I need to stay until then.More items…

How do you answer expected salary?

By aiming higher, you can make sure that, even if they offer the lowest number, you’ll still be making your target number. For example, if you want to make $45,000, don’t say you’re looking for a salary between $40,000 and $50,000. Instead, give a range of $45,000 to $50,000.

What do you mean by CTC in resume?

Cost to companyCost 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 (organisation) spends on an employee during one year.

How do you answer why should we hire you?

Make his job easier by convincing him that:You can do the work and deliver exceptional results.You will fit in beautifully and be a great addition to the team.You possess a combination of skills and experience that make you stand out from the crowd.Hiring you will make him look smart and make his life easier.

How is PF calculated in CTC?

EPFO rules call for deducting 12.5% of the employee’s basic pay as PF contribution and an equal amount has to be chipped in by the employer. … It is a part of CTC as the total expenditure incurred on the employee each month,” said a HR manager in a private civil construction firm.

What should I put as my desired salary?

What to Put for Desired Salary on Job Applications. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write ‘Negotiable’ rather than providing a number. If the application won’t accept non-numerical text, then enter “999,” or “000”.

How do you answer Expected CTC?

Interview Answer A 30% over your current pay should work well as a general industry standard and let them know that the 30% is the hike on the fixed component over your entire overall salary.

What is your expected CTC means?

When you fill out your profile, you’re asked to enter your “Minimum Expected CTC”. This is the lowest CTC that you would be comfortable considering joining a company at. … Companies know that your Minimum Expected CTC is really your minimum.

What is your salary expectation?

For example: My salary expectations are in line with my experience and qualifications or if this is the right job for me, I am sure we can come to an agreement on salary. Moreover, you may ask for time to understand or learn more about the job first. … The next best answer is to give a salary range.

How do you write expected CTC in a cover letter?

Here are the most common tips for including your desired salary expectations in a cover letter:Don’t be direct about your desired salary. … Offer a salary range rather than a hard number. … Tell the employer that your desired salary is flexible.

How do you answer Expected CTC in email?

The only answer to this, is to mention as per company norms. Cuz even if you wanted a higher package, they will still pay you according to company norms. :P. CTC is total amount company pay towards your job. That is CTC is take home+ your part and company part of pf which is 24%+bonus+other allowance and perquisites.

How do you put Expected CTC on resume?

Example:- CTC of ₹500000 p.a. mean this is the whole amount that your present company is giving you per year. This include your salary+ benefits. Expected CTC:- this is that amount which you want from the company. Example:- here his current CTC is ₹500000 but he wants more , let us assume he wants ₹700000.

Is bonus a part of CTC?

The CTC typically includes fixed heads such as basic pay (which ranges around 40-50% of the CTC), home rent allowance (which ranges around 40-50% of the basic salary), employees’ provident fund (EPF), gratuity, other reimbursements such as car fuel and mobile bills etc., and variable components such as annual bonus and …