what is ctc in salary slip
The full form of CTC is Cost To Company. It is a term, which signifies the cost that a company would incur on you as an employee. The salary and other perquisites (benefits) that your company pays you, are actually cost for them and hence the term. Gratuity: 2  Again, forms part of your CTC and is added to your gratuity account annually. 3  It is paid at the rate of 4.81% of total yearly basic salary per year. 4  Make sure you serve a company for at least 5 years to enjoy your Gratuity.