Difinations Of Wage,Salary,gross Salary,&CTC

Dear Seniors
what is definition of
1 wages
2 salary
3 gross salary
4 CTC
pls help me.

1 wages – mean by paying amount based on work, like hour base
2 salary – mean that paying amount monthly base, like engaging employment regularly
3 gross salary – says with out deduction of his/her salary
4 CTC – calls over all payment of employee (Cost To the Company –C.T.C)

Dear Sewal,
As per my understanding
Wage is denoted to workmen class where quantum of work can be measured.
Salary denotes to employees of supervisor, manager or above class.
Gross salary means total earning for a period before deduction.
CTC means total cost (investment) made be the company for an employee for a period.
For defination you need to refer to the acts.

Hi Chef!
As per my experience.
Wages- It is denoted to worker class where quantum of work canbe measured.
Gorss Salary- Total earning without deduction of every month.
CTC- Cost to company
Regards
Vikrant Singh

Dear Sewal,
Wages has it's different meaning under various legislation like Payment of wages,Minimum Wages Act,Bonus Act,etc.However rest part from Mr.Shaikh is correct theme.Wages is earing payable to workmen who is hired on

Definitions can differ unfortunately. However - CTC as I know it usually refers to Total Guaranteed Cost to Company - in other words, before incentives, whereas Total Remuneration will refer to CTC plus incentives. I have seen different usage of the terms though, and it is critical to be sure the source you are using has the same definition as you do - or you could land up basing fixed pay on a market figure that includes both fixed and variable.

1 wages - Wages is paid to workers cadre is called wages.
2 salary - Salary is Paid to the Officers Cadre.
3 gross salary - Total Earnings is called Gross Salary
4 CTC - Gross Salary plus other deduction means employee shall getting from employer each salary is called as CTC (Cost to the Company) i.e. P.F., Medical Allowance etc.

in my opinion
1. wages are given to a labor whose work can be calculated by hours
2. salary is based on month cost of an employee for working in an org.
3. Gross salary means salary before any deduction
4. CTC newly adopted by companies which means a cost to the company