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Salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2014 what is fix salary & CTC
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 September 2014 it means there is no variable component in it i.e fix like 20,000 pm
ctc is cost to company
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
16 September 2014 Fixed salary means fixed and not dependent on any criteria like achieving sales target, customer target etc. etc.

While CTC means Cost to Company. for example if particular employee's salary is Rs.15000 and company's incurs some other expenses on him i.e. conveyance (not charging the same from employee), esic (employer share) pf (employer share) etc. then these costs has to be added in Rs.15000 and resulting amount will be termed as CTC (cost to company)
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