Discuss about the CTC and ECTC

Question

Accepted Answer

CTC refers to current salary package while ECTC refers to expected salary package.

CTC stands for Cost to Company and includes all the components of an employee's salary package such as basic salary, allowances, bonuses, etc.
ECTC stands for Expected Cost to Company and includes the expected salary package of an employee which may include a higher basic salary, additional benefits, etc.
CTC is the actual amount an employee is currently earning while ECTC is the amount they expect to earn in the future.
For example, if an employee's CTC is 10 lakhs per annum and they negotiate an ECTC of 12 lakhs per annum, it means they expect a salary hike of 2 lakhs per annum.

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