Personal Finance Salary cut? Make sure it reflects in your CTC or you would pay more taxes Updated : May 23, 2020 04:10 PM IST In cases where employers have enforced pay cuts, taxes paid by these employees should reduce in accordance with the salary they receive. However, in some instances employees could end up paying taxes on their original cost to company (CTC) agreed earlier. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.