In HR and payroll terms, CTC stands for Cost to Company and represents the total compensation provided to an employee. This article explains the concept of CTC in HR, its importance in payroll management, and how companies calculate it. Learn about salary breakup elements like basic pay, allowances, employer PF contribution, gratuity, bonuses, and insurance benefits. Understand the di... https://savvyhrms.com/ctc-full-form-meaning-calculation/