I am working in plywood manufacturing company.
My total CTC is Rs. 15000 and my gross salary is Rs. 12000 and basic salary also Rs. 12000. My take home is Rs. 10000 below the basic salary.
It is ok for getting below than basic salary and also basic and gross also same i done mba with finance
14th March 2019 From Egypt, Cairo
I have no idea about the Egyptian Labor Laws relating to payment of wages/ salaries.
However, what I am sure about is that CTC is a mere statement of projection of the overall cost per employee per annum incurred by the employer inclusive of all direct and indirect benefits both statutory and contractual. Hence, it should not be taken as the gross amount or net amount payable at the end of any wage/salary period.
When you say that your gross and basic are one and the same, it implies that your salary is only a consolidated salary and not a structured one comprising of different components. Kindly check please.
If on the other hand, you are working in any branch of any Foreign Company in India, then also it cannot be an issue if your gross salary is at par or more than the statutory minimum wages if any fixed for your employment. Here again, it is important to note that the statutory minimum wage does not include the employer's share of statutory contributions to any fund like the ESI and EPF.
15th March 2019 From India, Salem
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™