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