How much salary will I get in hand each month with an annual CTC of 10.6 lakhs, where base pay is 5 lakh, allowance is 5 lakh, and Provident fund is 60k? What is the meaning of CTC? Amdocs is offering this package of (3.5 LPA + Annual Bonus + Benefits ->Total CTC is around Rs 5.5 Lakh). What does that mean?