Not to be confused with expense, liability (financial accounting), or accounts payable.
Cost 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 a company (organisation) spends on an employee during one year. It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee's salary is £50,000 and the company pays an additional £5,000 for their health insurance, the CTC is £55,000. Employees may not directly receive the CTC amount.[1][2]
^"What is CTC in Salary and How is Basic Calculated?". SumoPayroll. 27 November 2017. Retrieved 4 March 2021.
^"Know the difference between basic salary, take-home salary, gross salary and CTC? – The Times of India". The Times of India. Retrieved 4 March 2021.
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