CTC (Cost to Company) is the total annual cost an employer spends on an employee, including salary, allowances, bonuses, and employer-paid benefits.
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CTC (Cost to Company) is the total amount an employer spends on an employee in a year. It includes the employee’s salary, allowances, employer contributions, bonuses, and other benefits. CTC Formula: CTC = Gross Salary + Employer Contributions + Bonuses + Other Benefits
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