Payroll Specialist Question:

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Explain me what is CTC?

Payroll Specialist Interview Question
Payroll Specialist Interview Question

Answer:

CTC stands for Cost to Company. It includes all the costs related to an employment contract and covers all compulsory deductibles including deductions for provident fund, medical insurance, etc. These deductibles form a part of your compensation structure, but you do not get them as a part of the in-hand salary.

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