What is meant by CTC salary?
1. The indicator has been designed based on salary levels prevailing as on 1.5.2005 and will be updated regularly.
2. Salary means gross pre-tax salary (CTC) inclusive of all components (monthly, annual, retiral and deferred payments).
3. Accuracy levels: It is our expectation that the salary indicator will be 90% accurate within a band of +/- 20% of the indicated salary figure i.e. 90% of persons will fall within the band.
CTC refers to "COST TO COMPANY "
this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
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