Hello
Can any of the experts here tell me if there is a difference between CTC and Gross Salary. If yes what is the component that brings in this difference?
Thanks & Regards,
SV Erady
From India, Pune
Can any of the experts here tell me if there is a difference between CTC and Gross Salary. If yes what is the component that brings in this difference?
Thanks & Regards,
SV Erady
From India, Pune
Dear SV..
Gross pay is that annual cost which is fixed and been paid in terms of cash, whereas CTC is that cost which includes all the cost being paid by the company over an employee..
Can say that Gross Pay is that which we get in terms of cash in a particular year.. but CTC is that where company contribution and other allowance is also included.. which is not being paid us directly..
Infact, Gross pay is a part of CTC..
Regards,
Amit Seth.
From India, Ahmadabad
496Gross pay is that annual cost which is fixed and been paid in terms of cash, whereas CTC is that cost which includes all the cost being paid by the company over an employee..
Can say that Gross Pay is that which we get in terms of cash in a particular year.. but CTC is that where company contribution and other allowance is also included.. which is not being paid us directly..
Infact, Gross pay is a part of CTC..
Regards,
Amit Seth.
From India, Ahmadabad
Thanks Amit for the clarification. When we hire an employee on CTC basis the employer’s contribution towards PF will also be a part of the CTC right? Regards, SV Erady
From India, Pune
From India, Pune
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GROSS SALARY&CTC FOR 15500.xls