Quick Answer: What Is Your Current CTC Answer?

How do you answer current CTC in email?

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).

What does CTC stand for?

CTCAcronymDefinitionCTCCost to CompanyCTCCertified Training Course (various organizations)CTCCinnamon Toast Crunch (cereal)CTCCentre Technique de Coiffure (French beauty school)231 more rows

How do I know my current CTC?

CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance.

What percentage of CTC is take home?

Net Salary or Take-Home Salary Public Provident Fund and Employee Provident Fund are a stipulated percentage of the employee’s salary, typically no less than 12% of the basic salary. Whereas, gratuity is a percentage of the basic salary, typically 4.81% of the employee’s basic salary.

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.

Which is better CTC or gross salary?

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.

How is CTC calculated in salary?

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 your biggest weakness?

Example: “My greatest weakness is that I sometimes have a hard time letting go of a project. I’m the biggest critic of my own work. I can always find something that needs to be improved or changed. To help myself improve in this area, I give myself deadlines for revisions.

What should I put as my desired salary?

The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write ‘Negotiable’ rather than providing a number. If the application won’t accept non-numerical text, then enter “999,” or “000”.

What is current CTC in resume?

Hi, what is CTC? Someone asked me, so it’s Cost to Company which means your current package in the organization you are currently employed and ECTC an Expected Cost to Company for your future firm.

What is CTC in salary with example?

Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa. … If an employee’s salary is ₹500,000 and the company pays an additional ₹50,000 for their health insurance, the CTC is ₹550,000. Employees may not directly receive the CTC amount.

What is your expected salary?

By aiming higher, you can make sure that, even if they offer the lowest number, you’ll still be making your target number. For example, if you want to make $45,000, don’t say you’re looking for a salary between $40,000 and $50,000. Instead, give a range of $45,000 to $50,000.

What does CTC include?

The CTC includes all the elements of a salary structure – basic salary, House Rent Allowance (HRA), Basic Allowance, Travel Allowance, Medical, Communication, Provident Fund, Pension Fund, and or any incentives or variable pay. … The entire amount of your basic salary is included in your take-home salary.

What is CTC and NP?

NP. Notice Period. This is period of the advance notice that the employer required the employee to give if he or she wishes to leave the company. CTC. Cost to Company.

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 does CTC mean in texting?

text message shorthandCare To Chat -or- Contact -or- Choking The Chicken CTC is online jargon, also known as text message shorthand, used primarily in texting, online chat, instant messaging, email, blogs, and newsgroup postings, these types of abbreviations are also referred to as chat acronyms.

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. … Assuming this is the first interview, it is premature to ask about benefits.

What is your expected CTC answer?

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.