My Annual CTC and monthly income are not matching.
There is an amount for Monthly Gross in CTC which is not same as gross amount in my monthly payslip.
Monthly gross in payslip = basic+HRA+Conveyance+LTA+Position allowance
The reason for diffrence is Position allowance. This amount is decreased and hence my monthly amount is decreased from what mentioned in CTC break up in appraisal letter.
My designation is same for past couple of years and I dont understand why they should decrease the amount. How can such a big gap exists between CTC and montly slip.
Please help me understand. This is killing me and makes me feel I have been fooled for years without my knowledge.
There is an amount for Monthly Gross in CTC which is not same as gross amount in my monthly payslip.
Monthly gross in payslip = basic+HRA+Conveyance+LTA+Position allowance
The reason for diffrence is Position allowance. This amount is decreased and hence my monthly amount is decreased from what mentioned in CTC break up in appraisal letter.
My designation is same for past couple of years and I dont understand why they should decrease the amount. How can such a big gap exists between CTC and montly slip.
Please help me understand. This is killing me and makes me feel I have been fooled for years without my knowledge.