What Is Your Expected Annual CTC In INR?

What is CTC in salary with example?

Gross Salary: Subtract gratuity and the employee provident fund (EPF) from Cost to Company (CTC), the amount that you get is your Gross Salary.

It is the amount that you get before deduction of income taxes and other deduction such as bonus, overtime pay, holiday pay etc..

What is current CTC for fresher?

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.

How is CTC calculated?

What is CTC in Salary and How is Basic Calculated?CTC means Cost To Company. … CTC = Direct Benefits + Indirect Benefits + Savings Contributions.Basic Salary – It is the amount paid to an employee before any extras are added or taken off, such as reductions because of salary sacrifice schemes or an increase due to overtime or a bonus.More items…•

What is minimum CTC?

CTC full form is Cost To Company. It means total salary package & benefits received by employee in a year including free meals, cabs, interest free loans.

What is CTC in hand salary calculation?

Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof. … Gross Salary = Cost to Company (CTC) – Employer’s PF Contribution (EPF) – Gratuity.Gratuity = (Basic salary + Dearness allowance) × 15/26 × No.More items…

What is expected CTC in salary?

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.

What is your expected salary best answer?

You can try to skirt the question with a broad answer, such as, “My salary expectations are in line with my experience and qualifications.” Or, “If this is the right job for me, I’m sure we can come to an agreement on salary.” This will show that you’re willing to negotiate. Offer a range.

What is CTC breakup?

CTC or Cost to Company is the total amount that a company spends (directly or indirectly) on an 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.

Does CTC include tax?

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.

What does CTC stand for?

CTCAcronymDefinitionCTCContactCTCConcurrent Technologies CorporationCTCCommunity Technology CenterCTCCommission on Teacher Credentialing (California)231 more rows

How do you answer salary negotiation?

Your Answer: “I am interested in finding a job that is a good fit for me. I’m sure whatever salary you’re paying is consistent with the rest of the market.” In other words, I respect myself and I want to think I can respect this company. Question: I need to know what salary you want in order to make you an offer.

Do you have any questions for us?

Always say ‘Yes,’ when an interviewer asks if you have questions. Surprisingly, the most common answer to the interview question, “Do you have any questions?” is no. … It is important for you to ask questions—not just any questions, but those relating to the job, the company and the industry.

How do you answer Expected CTC?

When you are asked for historical salary information in an application form, it’s best to leave the field blank or with a ‘0’. Similarly, when you are asked to share your expected CTC or take-home pay, answer the question with a ‘0’ or ‘negotiable’.

What is current CTC in job?

CTC stands for Cost to Company. It refers to the total amount of money an employer spends on the employee annually. So, your current CTC will comprise of the salary as well as all the additional benefits you will receive directly or indirectly during the year. There is a difference between the CTC and take home salary.

What is CTC and in hand salary?

CTC = Direct benefits + indirect benefits + saving contributions. Whereas, Take Home Salary = Direct benefits – employee PF – other deductions if any – income tax.

How much should I ask for salary?

Ask for 10% to 20% more than what you’re currently making “If you get an offer for 20% over your current salary, you can still negotiate for more — ask for an additional 5% — but know that you’re already in good stead.” Asking for 10% to 20% more is also a good option if you’re looking for a raise from your employer.

What is CTC and gross salary?

CTC is the amount a company spends on an employee and Gratuity is what it pays to the employee at retirement. However, Gross Salary is what a company pays to an employee before deductions and Net Salary is what an employee receives after deductions.

What percentage of CTC is take home?

Basic Salary: It is the employee’s basic income and is around 40%-50% of the total salary. The employer pays the employee for his skill, experience, and qualifications. The basic salary is a fixed component of the CTC (Cost To Company) package.