Em/C# is C#, E, G and B — with C♯ put in the bass.
It sounds like the minor triad it is, resting on a different floor. If C♯ is already one of the chord’s notes this is an inversion, and if it is not it is a new colour under an unchanged chord; either way the reason to reach for it is a bass line that walks by step where root-position chords would leap.
Inversion or pedal — the harmony is unchanged; only the bass moves.
Also written Em over C# or Em with C# in the bass.

In which keys. Every note of Em/C# belongs to D major (the ii, the supertonic) and B minor (the iv, the subdominant).
Every note of Em/C# is in E dorian, E melodic minor and E half-whole diminished.
Each of those is a page: the scale across the neck, and the chords it harmonises into — which is where Em/C# sits in it. Every scale.
Change one note of Em/C# and you have (drop the sixth), (the fifth becomes the flat fifth), (add the ninth), (the sixth becomes the flat seventh), (the sixth becomes the major seventh) or (the sixth becomes the ninth).
Em/C# is a slash chord — a triad over a named bass note. Slash chords on every root.
The common shapes and the derived voicings come from different places, and both are explained in how this site is built.
Shows each chord the way this style would voice it, and marks which of its alternatives belong to the idiom.