Hi, Please let me know what is the difference between gross salary and CTC
From India, Bangalore
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10From India, Bangalore
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Dear Ma'am,
CTC refers to "COST TO COMPANY." This includes: GROSS SALARY + incentives that are provided by the firm. Incentives include many things like meals, medical facilities, phone facilities, housing facilities, travel allowance, etc. THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY." Hope this satisfies your query.
Regards,
Mark
From United Kingdom, London
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CTC refers to "COST TO COMPANY." This includes: GROSS SALARY + incentives that are provided by the firm. Incentives include many things like meals, medical facilities, phone facilities, housing facilities, travel allowance, etc. THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY." Hope this satisfies your query.
Regards,
Mark
From United Kingdom, London
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CTC- Something that people think you have Gross- Something you think you have Net- What you actually have
From India, Delhi
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From India, Delhi
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Dear Ms. Neha,
Just to add info - Gross Salary is the headline salary that an employee is paid prior to any deductions. Net Salary is what is actually paid into the employee's bank account, and Cost to Company includes Gross salary plus the Medical, Bonus, LTA, and other annual emoluments paid to the employee by the company.
From India, Visakhapatnam
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Just to add info - Gross Salary is the headline salary that an employee is paid prior to any deductions. Net Salary is what is actually paid into the employee's bank account, and Cost to Company includes Gross salary plus the Medical, Bonus, LTA, and other annual emoluments paid to the employee by the company.
From India, Visakhapatnam
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Hello Neha,
Gross Salary means the salary before any deductions, i.e., before PF, ESIC, Insurance, etc.
CTC means the cost for the employee that includes in his/her salary. This includes:
- PF (both Employee and employer)
- ESIC (both Employee and employer)
- Insurance if any
- Any other non-cash or cash payout, all included in CTC.
In short, any cost to retain that employee is part of the CTC.
From India, Pune
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Gross Salary means the salary before any deductions, i.e., before PF, ESIC, Insurance, etc.
CTC means the cost for the employee that includes in his/her salary. This includes:
- PF (both Employee and employer)
- ESIC (both Employee and employer)
- Insurance if any
- Any other non-cash or cash payout, all included in CTC.
In short, any cost to retain that employee is part of the CTC.
From India, Pune
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CTC refers to the cost to the company, which includes BASIC, HRA, ALLOWANCES, REIMBURSEMENT, BONUS, GRADUITY, TRANSPORT FACILITY, MOBILE, CREDIT CARD PAYMENT TOWARDS TRAVEL EXPENSES, CONTRIBUTION TOWARDS PF, ESI, MEDICAL/ACCIDENT INSURANCE, and everything the Employer spends on the Employee.
GROSS SALARY is the salary before statutory deductions (such as PF, ESI, TDS, PT, etc).
NET SALARY is the take-home pay in the form of a cheque or cash after statutory deductions.
I hope the above information answers your query.
Thanks & regards,
Suman Yadav
From India, Delhi
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GROSS SALARY is the salary before statutory deductions (such as PF, ESI, TDS, PT, etc).
NET SALARY is the take-home pay in the form of a cheque or cash after statutory deductions.
I hope the above information answers your query.
Thanks & regards,
Suman Yadav
From India, Delhi
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In these things, there are huge differences. CTC consists of the amount that is spent on an employee in any manner.
Gross Salary is a part of the Monthly Salary without considering the annual benefits.
Net Salary is what you get in hand.
Apsara Mishra,
Alfa Recruiters
From India, Kanpur
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Gross Salary is a part of the Monthly Salary without considering the annual benefits.
Net Salary is what you get in hand.
Apsara Mishra,
Alfa Recruiters
From India, Kanpur
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Hi,
Apsara Mishra is absolutely right.
CTC means the cost incurred by the employee in any manner; it includes salary, statutory liabilities, training, travel, etc.
Gross Salary - Means the salary which has mandatory heads on which the company is supposed to pay/spend towards the employee from the legal point of view.
Net Salary - means the salary that an employee is actually paid in hand.
Thanks,
Bijay
From India, Vadodara
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Apsara Mishra is absolutely right.
CTC means the cost incurred by the employee in any manner; it includes salary, statutory liabilities, training, travel, etc.
Gross Salary - Means the salary which has mandatory heads on which the company is supposed to pay/spend towards the employee from the legal point of view.
Net Salary - means the salary that an employee is actually paid in hand.
Thanks,
Bijay
From India, Vadodara
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CTC - is what company offers you Gross - actually you are paid , including incentives, medical, travelling, misc.. Net - what you actually take home
From India, Bangalore
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From India, Bangalore
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Dear Mr./Ms.,
In CTC, we include Basic + HRA + TA + Other Allowance + Gratuity + Bonus + Employer PF contribution + Employer contribution ESI. These are all the components we include in the Cost To Company.
In Gross Salary, we exclude Bonus + Gratuity + Employer PF contribution + Employer ESI contribution. This means our total earning is our gross salary.
Regards,
Rajbir
From India, Coimbatore
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In CTC, we include Basic + HRA + TA + Other Allowance + Gratuity + Bonus + Employer PF contribution + Employer contribution ESI. These are all the components we include in the Cost To Company.
In Gross Salary, we exclude Bonus + Gratuity + Employer PF contribution + Employer ESI contribution. This means our total earning is our gross salary.
Regards,
Rajbir
From India, Coimbatore
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