Meaning Of Gross Emolument In Offer Letter.. CiteHR

Tripti Dixit Started The Discussion:

Dear All, I am really confuse with this word gross emolument .plz help me out with regards Tripti Dixit

M.Peer Mohamed Sardhar -  Member Since: Jan 2007
Dear Friend,

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M.Peer Mohamed Sardhar
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AK TAWAR -  Member Since: Sep 2007
The word Gross Emoluments OR Cost To the Company (CTC) is the total expense beared by the on the individual employee. It includes Monthly Salary(All perks, such as Bonus/ Ex-Gratia, LTC/LFC, Medical Reimursement, PF Contribution of Company, anyother reimbursement)
Amit Kumar Tawar

msrinivasulu31 -  Member Since: Sep 2007
hi, dear mr.Dript Dixit as per my knowledge i am explaining below GROSS EMOLUMENT : including deduction (deduction in the sense statutory and other deduction) called as GROSS EMOLUMENTS. VASU

SK SINGH -  Member Since: Aug 2009
Originally Posted by aarti21 View Post
does that include the ESi component also???
Dear Aarti,

Yes CTC includes ESIC too. In simple language CTC is nothing but the total cost that that company bear to employ an employee. Apart from the gross salary it also includes employer's contribution to ESIC, PF, Gratuity.



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