Dear Santosh,
Hope yr query will sort out by the answers given by many collegues.
I am also sharing my opinion below in a form of Salary Slip.
Earnings Deductions
BA - 100 PF - 12
DA - 50 ESI - 4
HRA - 30 ADV. - 0
Conv. - 20
SP.Al. - 20
---------------- -------------------
Total - 220 Total - 16
========= ===========
Net Pay : 204/- (Rs. Two Hundred four only)
The Rs.220/- Total earnings in a month is called "GROSS SALARY"
The Rs.204/- After deductions is called "NET SALARY"
Now CTC = Cost to Company
Rs. 220/- Gross Salary
Add Rs. 10/- Bonus
Add Rs. 10/- LTA
Add Rs. 10/- Medical
Add Rs. 00/- Any other else whatever company giving in form of cash either annually / half yearly / quarterly EXCEPT - Subsidies in canteen any Long term award or any gifts. It's depend on the policy of company.
It has been seems that some organisation include the cost of facilities or subsidies in CTC and some organisation not include the facilities / subsidies to count CTC. So it is depend on the Company to Company.
Hope, it will serve yr purpose
Regards
L.C.Pal
From India, Delhi
1Hope yr query will sort out by the answers given by many collegues.
I am also sharing my opinion below in a form of Salary Slip.
Earnings Deductions
BA - 100 PF - 12
DA - 50 ESI - 4
HRA - 30 ADV. - 0
Conv. - 20
SP.Al. - 20
---------------- -------------------
Total - 220 Total - 16
========= ===========
Net Pay : 204/- (Rs. Two Hundred four only)
The Rs.220/- Total earnings in a month is called "GROSS SALARY"
The Rs.204/- After deductions is called "NET SALARY"
Now CTC = Cost to Company
Rs. 220/- Gross Salary
Add Rs. 10/- Bonus
Add Rs. 10/- LTA
Add Rs. 10/- Medical
Add Rs. 00/- Any other else whatever company giving in form of cash either annually / half yearly / quarterly EXCEPT - Subsidies in canteen any Long term award or any gifts. It's depend on the policy of company.
It has been seems that some organisation include the cost of facilities or subsidies in CTC and some organisation not include the facilities / subsidies to count CTC. So it is depend on the Company to Company.
Hope, it will serve yr purpose
Regards
L.C.Pal
From India, Delhi
Hi,
Please find below
What is CTC ???
CTC (Cost To Company): It includes Employer contribution To PF (12%)
EXP: if CTC is Rs.8000
Employer Contribution To PF = 12% of CTC
i.e. 8000*12% = 360
What is Gross Salary???
CTC- Employer Contribution to PF
i.e. 8000-360 = 7640
Gross = 7640
What is Take Home Salary ???
Gross- employee contribution to PF - other deductions
Gross 7640 Employee contribution to PF (12%) 360
Other Deduction:
Mobile
Food
Cab
Warm Regards,
Maniksing
From India, Bangalore
Please find below
What is CTC ???
CTC (Cost To Company): It includes Employer contribution To PF (12%)
EXP: if CTC is Rs.8000
Employer Contribution To PF = 12% of CTC
i.e. 8000*12% = 360
What is Gross Salary???
CTC- Employer Contribution to PF
i.e. 8000-360 = 7640
Gross = 7640
What is Take Home Salary ???
Gross- employee contribution to PF - other deductions
Gross 7640 Employee contribution to PF (12%) 360
Other Deduction:
Mobile
Food
Cab
Warm Regards,
Maniksing
From India, Bangalore
Hi Guys, Thanks a lot for all those valuble contributions on the topic. Thanks a lot to everyone. Am sure that’s gonna help me . Regards, Santosh Verma.
From India, Bangalore
From India, Bangalore
Gross salary is monthly earnings by the employee and deductions (PF, ESO, PT, loans, advances etc) will be deducted from the gross salary.
CTC is the Cost to the Company on an employee which includes gross salary and annual benefits
Vamsi.
CTC is the Cost to the Company on an employee which includes gross salary and annual benefits
Vamsi.
Hi,
Gross Salary reflect in your payslip ( i.e) excuding deduction like that P.F.
Net Salary = Gross salary - P.F. deduction
CTC = Gross salary + other benefits (like incentive which is not refect in pay slip)
Baskaran v
Gross Salary reflect in your payslip ( i.e) excuding deduction like that P.F.
Net Salary = Gross salary - P.F. deduction
CTC = Gross salary + other benefits (like incentive which is not refect in pay slip)
Baskaran v
hi all,
About CTC i think the it will be clear to you if explaned by the bifercations given in the Salary Payslip
Total Earnings Deductions
Basic 4000 PF 480
HRA 1000 PT 80
Allowances 1520
Medical Allo 500
LTA 500
Total Earnings 7520
Total Deductions 560
So Gross is 7520- Deductions560= 6960 Net ( Carry Home)
In this case the CTC to this person is 8000Per Month.
I think this should clear your doubt.
Regards
satya
From India, Hyderabad
About CTC i think the it will be clear to you if explaned by the bifercations given in the Salary Payslip
Total Earnings Deductions
Basic 4000 PF 480
HRA 1000 PT 80
Allowances 1520
Medical Allo 500
LTA 500
Total Earnings 7520
Total Deductions 560
So Gross is 7520- Deductions560= 6960 Net ( Carry Home)
In this case the CTC to this person is 8000Per Month.
I think this should clear your doubt.
Regards
satya
From India, Hyderabad
Dear Mr. santosh verma,
Bangalore
Whats the difference between gross salary and CTC?
Most our friends are telling a lot, if you are not satisfied.
by simple
Gross Salary= Total(Basic+Special Allowances+ DA+CCA+HRA+ other monthly emoluments ( without Subsidies, Gifts))
CTC = Total(Gross Salary + Bonus + Medical Allowance + LTA+ other annual emoluments paid by company annually)
Thanks & regards,
g. amaran.
Cuddalore - Tamilnadu.
From India, Madras
Bangalore
Whats the difference between gross salary and CTC?
Most our friends are telling a lot, if you are not satisfied.
by simple
Gross Salary= Total(Basic+Special Allowances+ DA+CCA+HRA+ other monthly emoluments ( without Subsidies, Gifts))
CTC = Total(Gross Salary + Bonus + Medical Allowance + LTA+ other annual emoluments paid by company annually)
Thanks & regards,
g. amaran.
Cuddalore - Tamilnadu.
From India, Madras
Daily Allowance given to sales and field staff for each working day... these allowances can be included in CTC ??? urgent — — — — — — PRashant
From India, New Delhi
From India, New Delhi
if CTC of an employee is 4 Lac p.a then what will be the gross salary as well as net salary per month... can anybody explain me the salary braek-up of 4 lac p.a in excel format... please mail me information ..my id is 
.
From India, Mumbai
From India, Mumbai
Hi,
Gross salary is monthly salary before any deduction plus perks i.e. the amount is received monthly from the employers.
CTC it the cost to be incurred by the employer on the employee which will not be paid to the employee for example 4.75% ESIC contribution , 1.61% of EPF admin Charges, transportation, gratuity, leave encashment etc
Regards
zsd
From India, Delhi
Gross salary is monthly salary before any deduction plus perks i.e. the amount is received monthly from the employers.
CTC it the cost to be incurred by the employer on the employee which will not be paid to the employee for example 4.75% ESIC contribution , 1.61% of EPF admin Charges, transportation, gratuity, leave encashment etc
Regards
zsd
From India, Delhi
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Gross Salary(1).xls