CTC stands for "cost to company", which is a term used in the corporate world to describe the total cost incurred by an employer on an employee. There are many other synonyms for CTC, including "gross salary", "total compensation", "remuneration package", "compensation package", "employee benefits package", "wage package", "salary package" and "total rewards". These terms all refer to the same concept of the total cost of employing someone, which includes not only their basic salary, but also any bonuses, benefits, and other forms of compensation or remuneration that they receive as part of the employment package. Understanding CTC is crucial for both employers and employees to ensure a clear understanding of what is expected in terms of compensation and benefits.