What Is CV CTC?

Is PF mandatory?

Employees Provident Fund (EPF) scheme covers the establishments having 20 people or more.

It is mandatory for an employee whose monthly pay does not exceed Rs 15,000 to join the scheme.

An employee whose monthly pay exceeds Rs 15,000 can join the scheme subject to certain conditions..

Is 30 lakhs a good salary in India?

Every fresher coming to search for a job mostly gets paid among 4 to 5 lakhs per annum in India except NIT and IIT grads who generally get paid 7 to 8 lakhs per annum. … But after almost 5 to 6 years of experience and with skills a person in India can get 25 lakhs to 30 lakhs per annum.

What is in hand salary of IIM graduates?

Only a meagre 4% of student respondents expect an in-hand salary of INR 2,00,000+ which comes out to an annual CTC of over 30 Lac+, making it very evident that even if you’re at IIMs ABC, expecting more than INR 30 Lac per annum as CTC is unrealistic, unless of course you land an international offer and get paid in …

Whats is CTC?

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 an employer (organisation) spends on an employee during one year.

What is your salary expectation?

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 difference between CTC and 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 cereal is CTC?

Cinnamon Toast Crunch (CTC), known as Croque-Cannelle in French Canada and Curiously Cinnamon in the UK (previously Cinnamon Grahams), and as a variant called Cini Minis in other European and Latin American countries, is a brand of breakfast cereal produced by General Mills and Nestlé.

How do you write expected CTC in a cover letter?

Here are the most common tips for including your desired salary expectations in a cover letter:Don’t be direct about your desired salary. … Offer a salary range rather than a hard number. … Tell the employer that your desired salary is flexible.

Can CTC be monthly?

CTC. 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.

What is meant by Expected CTC?

Today, CTC means total cost to company incurred on account of hiring a particular employee and they include every payment made to you. … So, instead of filling the CTC amount, write the take home salary you expect every month from the company and let the Company fix the CTC figure as per their rules and regulations.

What is CTC salary example?

CTC or Cost to Company is the total salary package and benefits of an employee per year. It is basically the amount that a company or employer is willing to spend both directly and indirectly on you as it’s employee. CTC is inclusive of monthly components such as basic pay, various allowances, reimbursements, etc.

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.

What is CTC full form?

While business owners in many other countries may use terms like “gross salary” and “net salary” when referring to an employee’s salary, “cost to company” or CTC is the most common term used in India. This term includes the direct and indirect costs associated with paying an employee.

What is CTC job?

Cost To Company (CTC): The Cost to Company or CTC is the amount that an employer expends in hiring the service of an employee. … The CTC and take home salary of an employee vary as CTC is the sum total of direct benefit, indirect benefit and savings contributions.

What is meant by CTC in resume?

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.

How do you put CTC on a resume?

One should not write expected CTC in resume. Neither the figure nor the percent hike you are looking for. Generally you send same resume to many job applications or upload on job portal and since CTC depends on organizations, job profile, skills set, experience etc.

How do I know if I have CTC?

So while mentioning your expected CTC one should take heed the following points: Location of new job. Company status (like, if moving from a startup to MNC) Your job role and responsibilities (if you think there is more workload than the previous company)

Is PF part of CTC?

Most employers contribute 12% (called PF) of basic salary every month to employee’s Provident fund account, shown in CTC. An employee also contributes 12% (called VPF). … Employer PF is part of CTC not shown on Salary Slip.

What is salary break up?

It includes basic pay, allowances, provident fund, and others. In simpler terms, this is the amount that the company offers you as a salary package when employing you for the job. However, it is not that same as the amount that you take home at the end of each month. CTC= Gross Salary + PF + Gratuity. Basic salary.