Difference Between Gross Salary And Net Salary - XLS Download

Hello All,
Gross Salary= Your salary before any PF and ESI and TDS deduction
Net Salary= Your salary- PF deduction- ESI deduction but before TDS deduction
CTC= Yous salary+Employers's ESI and PF Share+other benefits given by the company
Amit Goyal

Hi,
I want to know that Leave deduction can be done on Gross Salary/Net Salary.Please solve this query.
Regards
Bharti

Hi can you plz explain is there any satandard format for calculating salary break up or it differ from org.to org?
Regards
Supriya

hello Govardhan,
Can you clarify these, like how did u arrive at IT, ProfTax, & Loan Deduction figures?? Is there some standard % figure that will be deducted on a monthly/annual basis for the below?? I understood how you arrived at PF figure, say like 12% of basic. Also can you tell me statutory % figures for contribution by employees/employers set forth by the government w.r.t IT, ProfTax, Loans, etc (pls mention nething else that needs to be take into consideration)?
As far as my understanding goes the IT slab is 10% for the figure(2,38,832) we are discussing in this case. So I tried to deduce how you arrived at IT (750) figure, assuming under 10% IT Slab and tried calculating but could not come to the figure you mentioned.
10% (238832)=23883/12=1990/month. I'm able to arrive closely to 750 by a 4.47% of 16750. Is this correct???
Thanks

I am agree with Rolly, below I put a example ...
Basic HRA LA DA Gross PF ESIC Net Pay
5000 2000 1000 2500 10500 600 184 9716

Dear all,
Please guide me about EPF & ESI Percentage's need to be given to out sourced agency hired by my organization.
Total we have hired total 14 helpers from out sourced agency their gross salary is Rs.7072.(How much PF & ESI contribution should be paid by employer & how much contribution should paid by the helper in % please guide).
Following ( helpers salary) 5 helper salary is Rs.7089.(How much PF & ESI contribution should be paid by employer & how much contribution should paid by the helper in % please guide). or mail me on : ceegulbarga@ceeindia.org.
Thanking you With Regards
Gundareddy.U
Project Officer
Centre for Environment Education.
mobile no: 9620121410 / 9620441410

Gross Salary, Net Salary and CTC are different . Net salary is the salary which a employee take home salary. CTC = Cost to Company

Hi Srishti,
Net Salary = Employee Take Home Salary
CTC = Cost to Company , this is the salary package of an employee. It is expenses of an employer spending on Employee for his service period of one year. CTC is not the actual salary of the employee.

I am fully agreed with your example that ctc=gross salary+gratuity+employer contribution(pf,esi) +bonus+leave encasment+reimbursement
But some people include employee contribution (pf,esi)
In gross salary
Please clarify this with an example
Thanks
Harpreet singh

Thanks Alot Govardhanji,
For this full explanation about CTC and gross salary.