CTC Calculator

What's The Full Form of CTC?

The CTC stands for Cost To Company. In simple words, it is a sum of expenses handled by the company for each employee. Total costs of an employee to the employer is the CTC figure.

What Is This CTC Calculator Tool?

This tool can help you know everything about an employee's CTC. You'll get a complete breakdown of the total amount of money spent on an employee by the company. The CTC can be either monthly or yearly. There are several elements of this total compensation cost of an employee that are paid by the employer. To be specific, CTC consists of an employee's basic salary, allowances, bonus, PF, insurance, etc.

How does this CTC calculator work?

Despite the simplicity, the smart algorithms enable this tool to present effective CTC calculations. It's not hard to understand the working of this tool. The credit for the authentic and precise results go to formulas and proven concepts. When combined with the algorithms, this tool becomes very insightful. The process of getting a CTC breakdown includes a few easy steps.

What Is The CTC Tax Regime?

A total of two tax regimes are offered by the Income Tax department. This includes the old and the new tax regimes which work parallel to each other. Both of these regimes coexist and individuals have the right to choose any of them. The New Tax Regime applies by default on companies and their employees. That is unless the employee specifically choose the Old Tax Regime.

What is Basic Salary?

Basic salary is a sum of money that is disbursed into your bank account every month by the company. This amount is mutually agreed upon between the employee and the employer. Indeed, Basic Salary is exactly mentioned in the employment contracts. Please note that it isn't the same as the in-hand salary. For your employment and work, this basic salary is a compensation. It doesn't include any bonus pay or allowances.