The full form of CTC is: COST TO COMPANY

What is CTC?
The CTC is the total expense a company makes on an employee for a year. This expense includes the Employee’s basic salary, gratuity, provident fund, pension fund, travel allowance, medical allowance depending on the company.
Hence your take-home salary is not your CTC but your basic salary.
Which is better CTC or gross salary?
Gross salary is a part of your CTC. It’s the amount left after deducting gratuity and employee provident fund(EPF) and before deducting taxes and other allowances.
GROSS SALARY = CTC - GRATUITY - EPF
How to calculate Net Salary?
Net salary is the salary you get after all the deduction of taxes, gratuity, EPF, allowances etc. This is your take-home salary or basic pay.
NET SALARY = GROSS SALARY - TAX DEDUCTION - INCENTIVES ALLOWANCE DEDUCTION
What is the Employee Provident Fund?
Employee Provident Fund (EPF) is a scheme where both Employee and Employer has to give equal contribution which can be availed by the Employee at his/her retirement.
What is Gratuity?
Gratuity is the part of CTC paid by Employer to appreciate the service provided by the Employee in addition to the basic pay.