What should be the answer for expected CTC?

When you are asked for historical salary information in an application form, it’s best to leave the field blank or with a ‘0’. Similarly, when you are asked to share your expected CTC or take-home pay, answer the question with a ‘0’ or ‘negotiable’.

What is your expected annual CTC?*?

Formula: CTC = Gross Salary + Benefits. If an employee’s salary is ₹40,000 and the company pays an additional ₹5,000 for their health insurance, the CTC is ₹45,000. Employees may not directly receive the CTC amount as cash.

How do I know my current CTC?

CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance.

What is the basic salary for CTC?

Usually, the basic salary is 40\% to 60\% of CTC (Cost to Company). The statutory components: bonus, PF, gratuity and other benefits are determined based on the basic salary. An increase or decrease in the basic salary can affect the employee’s CTC.

How is CTC calculated online?

Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof. Tax. Gross Salary = Cost to Company (CTC) – Employer’s PF Contribution (EPF) – Gratuity. Gratuity = (Basic salary + Dearness allowance) × 15/26 × No. of Years of Service.

What should I put for expected compensation?

When answering desired salary or expected salary questions on an application, the best approach is to write in “negotiable” or keep the field blank. If a numerical response is required, enter “000” and in a notes section, mention that salary is negotiable based on further understanding of the position.

How do I answer ‘what is your expected CTC?

The best answer is to tell upfront your expected CTC. Do some research in advance before attending the interview to find the salary range for your job profile and experience level.

How much should be the expected hike in CTC?

A3. As a human being, one always expect on higher side,that should be 30-40 \% hike. Is This Answer Correct? What is your Expected CTC? Should I tell my expected salary or say as per company norms?

What is the expected CTC on salary hike for a fresher?

So now expected CTC is what you are looking for from your career move. Standard practice, 25–35\% hike on current CTC is industry standards. My suggestion, if any recruiter ask for your expected CTC, You always revert that this is negotiable. Suppose you at 6 LPA & you have already asked for 10 LPA, which is beyond my budget.

What does CTC mean in salary?

Today, CTC means total cost to company incurred on account of hiring a particular employee and they include every payment made to you. For eg., Provident fund i.e. your contribution of 12\% plus company contribution of 12\% totaling 24\% is deducted from your salary. Likewise, Gratuity is also deducted.