Dear Shah Gaurang,
The Gross Salary will mean your Basic pay + Dearness Allowances and all other allowances such as HRA, Children education, Conveyance etc.
The Net salary will mean your take home pay. Gross Salary - Statutory deduction such as PF, ESI, Profession tax, Income tax deductions etc & Non Statutory deductions such as Canteen subsidy, transport subsidy etc.,
The CTC on the other hand includes the following
Gross Salary + Annual Bonus/ Allowance such as Incentives, Statutory Bonus, Medical Insurance premium paid by Employer, Superannuation amount paid by employer, Canteen facility (expenses incurred per head for maintaining canteen), cost of beverages such as tea and coffee for individuals, LTA, Medical reimbursements, Welfare such as Uniforms, Snacks provided, Leave facilities (EL + other non statutory leave provided). In short it will include the expenses that an employer incurred for a particular employee for employing that particular individual.
Trust the matter is clarified
M.V.KANNAN