CTC stands for Cost to Business. The total cost a company would incur for one employee in one year. The monthly salary and other benefits that the company pays to an employee are actually a cost to the company. The CTC packet is a commonly used term.

CTC includes all monetary and non-monetary amounts spent on an employee, everything listed below is part of the salary and therefore part of the CTC salary as well. Most of the CTC consists of mandatory deductibles. This includes deductions for relief funds, health insurance, etc. They are part of the remuneration structure, but are not received as a salary and yet the CTC is definitely increased.

CTC = Direct Benefits + Indirect Benefits + Savings Contributions

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