It is pretty common these days for job hunters to get multiple job offer (CTC) letters from multiple companies. If you are one of them and looking out for a simple way to compare all the CTC letters with respect to maximum take home salary, here is a simple way of doing it with Take Home salary calculator for India. [More]

LTA is the short form for Leave Travel Allowance. It generally forms forms part of your CTC and can be used to claim tax rebates if you like to travel. Although it is good that salaried person is exempted from paying tax on the amount he spends on travel expenses of his family, he can only do so twice in a block of 4 years. [More]

Are you a small company which does not want to incur high cost of buying a software with generates a cost to company (CTC) letter for your probable recruits? If yes, then here is a simple and easy to use online tool available FREE of cost at your help. [More]

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 that your company pays you is actually cost for them and hence the term.

Your pay package defines what the company would pay you and it is normally defined in terms of yearly pay. The break up of various elements in CTC would talk about the basic salary, HRA (House rent allowance) and other such allowances.

Take home pay is what you actually receive at the end of month or salary period. The in-hand figure is calculated after deducting income tax (TDS) and other deductions as per company policies. [More]