Confused About "Gross Emolument" in Offer Letters? Let's Clarify Together

Dear All,

I am really confused about the word "gross emolument." Please help me out.

With regards,
Tripti Dixit

The term Gross Emoluments or Cost To the Company (CTC) represents the total expense borne by the individual employee. It includes the Monthly Salary (along with all perks such as Bonus/Ex-Gratia, LTC/LFC, Medical Reimbursement, PF Contribution of the Company, and any other reimbursements).

Amit Kumar Tawar

Hi, Dear Mr. Dript Dixit,

As per my knowledge, I am explaining below:

GROSS EMOLUMENT: including deductions (deductions in the sense of statutory and other deductions) is called GROSS EMOLUMENTS.

Vasu

Yes, CTC includes ESIC too. In simple terms, CTC is the total cost that a company bears to employ an employee. Apart from the gross salary, it also includes the employer's contributions to ESIC, PF, and Gratuity.

Regards,