Difference between CTC and Gross Salary

zameer_rizvi123 · #11 07-10-2008, 06:05 PM

respected sir,

let me known the present form of PF,ESI,PT percentages which are contributing the employee salary,their share

SANDEEP.GORRE · #12 07-10-2008, 06:36 PM

Dear Friend,

As per my knowledege as per PF act Basic+ FDA should be more than 50% on gross but no one following that rules. Every company having their own pay stracture.

Pay stracuture will be
Basic
FDA
HRA
other Allowences

Gross= Basic+FDA+HRA+Others

Net Salary=After Deducting amont of statutary deduction(PF+PT+ESI ) from employee salary it is called take home salary or net salary

CTC= Gross salary + Employer contribution towards statutary paymnet(PF+ESI )

Regards,
Sandeep

ritughai · #13 07-10-2008, 10:39 PM

Dear Bhavya,

In our organisation, CTC structure starts from 132000/- p.a. below that comes under gross structure.

Here, in CTC structure, we have salary fragments as - basic(30%), HRA (50%of basic), conyeance- Rs.800, medical reimbursements-Rs.1250/-, VTA-balance amount.

As per my knowledge, basic can go upto 48%-50%, and HRA min. 14% and max upto 50%.

Further,you can check with seniors of citehr.

Regards,

Ritu Ghai

shahanal12 · #14 08-10-2008, 12:00 PM

Hello Christell,

I shall definitely look forward to you when ever we shall in need of your services...

Till then you can definitely send me your company profile at

(All the readers this is an official ID and hence not to be used to send any queries. You can always forward them to my personal ID i.e.

) I shall check with that and will let you know where and how can we get together for any assignment....

Thanks & regards,

anuragdubey_007 · #15 08-10-2008, 12:37 PM

Its really helpfull

Thanks

maheshnautiyal · #16 08-10-2008, 04:33 PM

Thanks for explaining in detail.

dipti.daithankar · #17 09-10-2008, 03:13 PM

Its been ver knowledge enriching discussion.
Thanks all.

advocatesivasu · #18 09-10-2008, 05:33 PM

Tks for the good information.

How will the increment (annual review of pay structure) is done?

rashmi_hasija · #19 10-10-2008, 11:51 AM

Dear Unus,

phone bills and travel allowance is nt including in ctc.. these are including in Rembuirsment which cant show in ctc.

If i am wrong plz correct me enough explanation.

Quote:

Originally Posted by s_shalu

Dear Unus,

CTC is everything whatever the company spends on you like gross salary incentive like meal vouchers etc+phone bill payment+Travel Allowance+Employer’s share towards P.F, ESI. CTC is the Annual cost of the employee inclusive of all costs being incurred on employee
Gross Salary is what your employer has committed to pay you on monthly basis against your services for the said month

rashmi_hasija · #20 10-10-2008, 11:58 AM

Dear Ranjith,

Can u guide me about compensation.

Thanks & Regards
Rashmi Hasija

Quote:

Originally Posted by Ranjith kumar

HI Unus,

Good one you have asked, common let me explain:

Salary can be of three divisions/parts,

1. Gross Salary
2. Net salary
3. CTC (Cost to company)

CTC= Gross Salary + other benefits from employer side(Employer contribution PF + ESI + Bonus + perquisites etc).

Net salary = gross salary - (employee PF+ESI+necessary Deductions)

For any other clarifications please feel free to write to me.