Cost to company 2012-07-15

CTC is the cost that a company would incur on you as an employee. The
salary and other prerequisites that your company pays you are actually cost
for them and hence the term CTC.

It can for example comprise of such things as:

Basic Salary
Pension/Gratuity
Medical Aid
13th Month Cheque
Other Allowances (housing, car, mobilephone etc.)