CTC = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance + Other fixed allowances + Employer’s provident fund contribution + Gratuity + Bonus + Other benefits
Annual CTC = Monthly CTC × 12
Monthly CTC = Annual CTC ÷ 12
Gross Salary = Basic Salary + Allowances + Bonus + Other taxable benefits
Net Salary = Gross Salary − Employee PF − Professional Tax − Income Tax − Other deductions
CTC is the total cost to the company, not the take-home salary
Include only employer-paid components in CTC
Exclude employee deductions from CTC
Add one-time benefits only if they are part of the compensation package
Use the salary breakup to sum all fixed and variable employer costs