What Is Current CTC?

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..

Which is better CTC or gross salary?

Gross salary is the amount after the EPF and gratuity are subtracted from the CTC. Basically, the remuneration paid before deducting the income tax, professional tax, and other deductions. It is inclusive of bonuses, overtime pay, paid holiday amount, and other differentials.

How much salary will I get in hand each month with an annual CTC of 5.00 lakhs per annum?

How much salary will I get in hand each month with an annual CTC of Rs. 5.00 lakhs per annum? IT will be in the range of Rs. 34,000/-, on an average, per month, after statutory employee payments towards deductions like PF, Gratuity, Professional Tax, etc.

Is PF mandatory?

Employees Provident Fund (EPF) scheme covers the establishments having 20 people or more. It is mandatory for an employee whose monthly pay does not exceed Rs 15,000 to join the scheme. An employee whose monthly pay exceeds Rs 15,000 can join the scheme subject to certain conditions.

What is the meaning of CTC?

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.

Should I put salary on resume?

In general, you should NOT include salary information on your resume. Sometimes your prospective employers may ask for your salary requirements or salary history, but unless there is a penalty for omission, such as your resume will be rejected, do not include the information.

What is CTC salary?

cost to companyWhile business owners in many other countries may use terms like “gross salary” and “net salary” when referring to an employee’s salary, “cost to company” or CTC is the most common term used in India. This term includes the direct and indirect costs associated with paying an employee.

How do you show CTC on a resume?

One should not write expected CTC in resume. Neither the figure nor the percent hike you are looking for. Generally you send same resume to many job applications or upload on job portal and since CTC depends on organizations, job profile, skills set, experience etc.

How do I know my CTC?

CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance. Given below is a simple example of a salary slip showing all the basic breakups under two heads, earnings and deductions.

What is CV CTC?

Hi, what is CTC? Someone asked me, so it’s Cost to Company which means your current package in the organization you are currently employed and ECTC an Expected Cost to Company for your future firm. … Hence, one should not write expected CTC in the resume.

Is PF part of CTC?

Most employers contribute 12% (called PF) of basic salary every month to employee’s Provident fund account, shown in CTC. An employee also contributes 12% (called VPF). … Employer PF is part of CTC not shown on Salary Slip.

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. Employers include an “Indicative CTC” when they send you an interview request. … Companies know that your Minimum Expected CTC is really your minimum.

What is CTC tea full form?

Crush, tear, curl (sometimes cut, tear, curl) is a method of processing black tea in which the leaves are passed through a series of cylindrical rollers with hundreds of sharp teeth that crush, tear, and curl the tea into small, hard pellets. … Tea produced using this method is generally called CTC tea or mamri tea.

Is CTC taxable income?

It makes up a major part of your CTC. The basic pay is fully taxable in the tax slab in which your income falls. The higher the basic pay, the higher your tax liability. Allowances: If you study your CTC, you will find a mention of ‘Allowances’ and a limit against it.

What percentage of CTC is basic?

Usually, basic salary is 40% to 50% of CTC (Cost to Company). Statutory components such as bonus, PF, gratuity and other benefits are determined on the basis of the basic salary. Any increase or decrease of basic salary can affect an employee’s CTC. Is basic salary taxable?

What is CTC example?

It refers to the total salary package of the employee. CTC is inclusive of monthly components such as basic pay, various allowances, reimbursements, etc. and annual components such as gratuity, annual variable pay, annual bonus, etc. CTC is never equal to the amount of take-home salary of the employee.

What is the meaning of monthly CTC?

Cost To CompanyCTC means Cost To Company. … Per month salary and other benefits that the company pays an employee, are actually cost to the company. CTC package is a term often used by private sector Indian companies while making an offer of employment. CTC contains all monetary and non-monetary amounts spent on an employee.

What is the difference between CTC and salary?

The CTC includes all the elements of a salary structure – basic salary, House Rent Allowance (HRA), Basic Allowance, Travel Allowance, Medical, Communication, Provident Fund, Pension Fund, and or any incentives or variable pay. … The entire amount of your basic salary is included in your take-home salary.

What is the difference between in hand salary and CTC?

Gross Salary is employee provident fund (EPF) and gratuity subtracted from the Cost to Company (CTC). To put it in simpler terms, Gross Salary is the amount paid before deduction of taxes or other deductions and is inclusive of bonuses, over-time pay, holiday pay, and other differentials.

How PF is deducted from 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 is your current CTC answer?

So while mentioning your expected CTC one should take heed the following points: Location of new job. Company status (like, if moving from a startup to MNC) Your job role and responsibilities (if you think there is more workload than the previous company)