CTC Vs. Gross ??

Hi!!!
What exactly is the difference between CTC & Gross salary, if any?
Could u tell me the exact components under each...in the Indian context..?
Thanks...
Cheers...
Sonalika
:)

HII,
CTC refers to cost to the company. This is the cost that the organisation incurs by giving a person employement. This includes the persons fixed salary, his satutory obligations that the employer takes care, training and development expenses etc.
Whereas gross means the salary fixed for a person, includes all the statutory deductions and all the allowances.
Hope the clarification is of use to you.
Vani

Hi,
Vani is right ! For example, following is a salary break up of an employee;
Basic: 5000
HRA: 2000
Conveyance: 800
Special allowance: 2500
GROSS SALARY: 10300
On the other hand, CTC is generally calculated on yearly basis. If we take the above example, CTC would be following:
Yearly Gross Salary : 123600
Medical Reimbursement: 5000
LTA: 5000
Membership of Associations: 1000
Credit Card Fee Reimbursement: 1000
Company PF Contribution:7200
CTC: 142800
Hence, CTC means the total cost incurred by company on employing someone.
Cheers :D
Sandeep