How Do You Answer Expected CTC?

What is the CTC salary?

Cost to companyCost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa.

It indicates the total amount of expenses an employer (organisation) spends on an employee during one year..

What should I put for desired salary?

What to Put for Desired Salary on Job Applications. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write ‘Negotiable’ rather than providing a number. If the application won’t accept non-numerical text, then enter “999,” or “000”.

Is PF included in CTC?

Most employers contribute 12% (called PF) of basic salary every month to employee’s Provident fund account, shown in CTC. An employee also contributes 12% (called VPF). … Employer PF is part of CTC not shown on Salary Slip.

How do you put Expected CTC on resume?

Example:- CTC of ₹500000 p.a. mean this is the whole amount that your present company is giving you per year. This include your salary+ benefits. Expected CTC:- this is that amount which you want from the company. Example:- here his current CTC is ₹500000 but he wants more , let us assume he wants ₹700000.

What is your strength best answer?

Using the Job Description to Frame Your Answer: In general, your strengths should be skills that can be supported through experience. For example, if you list communication as a strength, you may want to recall a situation in which you used communication to reach a goal or resolve a problem.

How do you reply to expected CTC?

Try to understand the job role first. “Before answering this question, I would like to understand this job position and the expected responsibilities better. I would also like to know what is expected from me while I work here.

What is your expected CTC means?

When you fill out your profile, you’re asked to enter your “Minimum Expected CTC”. This is the lowest CTC that you would be comfortable considering joining a company at. … Companies know that your Minimum Expected CTC is really your minimum.

How do you answer expected salary?

By aiming higher, you can make sure that, even if they offer the lowest number, you’ll still be making your target number. For example, if you want to make $45,000, don’t say you’re looking for a salary between $40,000 and $50,000. Instead, give a range of $45,000 to $50,000.

What is CTC LPA?

Lakhs Per Annum (LPA) is a unit of Cost to Company (CTC) in India. 1 Lakh is Rs. 1,00,000.

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 your salary expectation?

For example: My salary expectations are in line with my experience and qualifications or if this is the right job for me, I am sure we can come to an agreement on salary. Moreover, you may ask for time to understand or learn more about the job first. … The next best answer is to give a salary range.

Is bonus a part of CTC?

The CTC typically includes fixed heads such as basic pay (which ranges around 40-50% of the CTC), home rent allowance (which ranges around 40-50% of the basic salary), employees’ provident fund (EPF), gratuity, other reimbursements such as car fuel and mobile bills etc., and variable components such as annual bonus and …

What is CV CTC?

Hi, what is CTC? Someone asked me, so it’s Cost to Company which means your current package in the organization you are currently employed and ECTC an Expected Cost to Company for your future firm. … Hence, one should not write expected CTC in the resume.

Which is better CTC or gross salary?

Gross Salary: Subtract gratuity and the employee provident fund (EPF) from Cost to Company (CTC), the amount that you get is your Gross Salary. It is the amount that you get before deduction of income taxes and other deduction such as bonus, overtime pay, holiday pay etc.

How do you answer why should we hire you?

Make his job easier by convincing him that:You can do the work and deliver exceptional results.You will fit in beautifully and be a great addition to the team.You possess a combination of skills and experience that make you stand out from the crowd.Hiring you will make him look smart and make his life easier.

How much should you ask for desired salary?

Ideally, you should either leave the desired salary field blank or put “negotiable.” If you can only insert numerals, set a realistic salary range based on your market value, like $45,000-$50,000. That’s the short and sweet answer, but it’s not always that easy.

How is PF calculated in CTC?

EPFO rules call for deducting 12.5% of the employee’s basic pay as PF contribution and an equal amount has to be chipped in by the employer. … It is a part of CTC as the total expenditure incurred on the employee each month,” said a HR manager in a private civil construction firm.