Hi, Please tell me what is difference between CTC and gross salary. please reply
From India, Delhi
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9From India, Delhi
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Hi, I am Ramya. I hope this will be useful to you!
Understanding CTC (Cost to Company)
CTC (Cost to Company) is the total of all prerequisites and fringe benefits that an employee receives from the company, including their salary. It encompasses the sum of Gross Salary, Bonus, Prerequisites, and other benefits.
Components of Gross Salary
Gross Salary comprises the basic pay and allowances such as cell phone, travel, and entertainment. The overall gross salary is a component of CTC.
Regards,
Ramya
From India, Hyderabad
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Understanding CTC (Cost to Company)
CTC (Cost to Company) is the total of all prerequisites and fringe benefits that an employee receives from the company, including their salary. It encompasses the sum of Gross Salary, Bonus, Prerequisites, and other benefits.
Components of Gross Salary
Gross Salary comprises the basic pay and allowances such as cell phone, travel, and entertainment. The overall gross salary is a component of CTC.
Regards,
Ramya
From India, Hyderabad
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an addition to ramyasravanthi’s answer..... Gross salary includes non changeable components while CTC includes changeable as well as non changeable components.
From United Arab Emirates, Dubai
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From United Arab Emirates, Dubai
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As per my knowledge, Gross Salary is the amount before deductions, and it includes: Take-home salary + employee's share of PF and ESI contribution (as applicable).
Understanding CTC and Gross Salary
CTC is the total cost which an organization spends on an employee. Therefore, in Gross Salary, we have to add the organization's share of PF, ESI, bonus, and other allowances like LTA/Med, etc.
Somebody please correct me if this is not correct.
Thank you.
Regards
From India, Karnal
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Understanding CTC and Gross Salary
CTC is the total cost which an organization spends on an employee. Therefore, in Gross Salary, we have to add the organization's share of PF, ESI, bonus, and other allowances like LTA/Med, etc.
Somebody please correct me if this is not correct.
Thank you.
Regards
From India, Karnal
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Hi, I what to know the formula of Increment how it is made increment are made in percentage but it is in gross, net of ctc
From India, Mumbai
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From India, Mumbai
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GROSS SALARY&CTC FOR 15500.xls