HR ISSUE VERY URGENT

Dear Freinds
i am in a big confusion about the CTC and GROSS SALARY PER ANNUM
Can any body qlarify the differenece between the both
Warm regards
Ramu

Dear Ramu
Greetings.
Gross salary is the salary paid every month as compensation for the service. where as Cost to company salary includes annual benefits like employer contn to PF, Bonus, Gratuity, mediclaim insurance, annual incentive and others.
The following thread can help you for more understanding of salary component.
https://www.citehr.com/download-list...y=gross+salary
Cheers
Trisha
HR Professional

Dear Freind
CTC mean cost to company there would the some difference in CTC and Gross per annum

Dear Ramu,
There is no confusion between CTC and Gross. Trisha said correctly who is one of HR member.
CTC(Cost To Company): Its nothing but that the Company Invest the amount on/for your service. It includes Basic,HRA,Gratuity,Special Allowances,PF,ESI Deductions etc. Better read what Trisha said.
Bye.

Hi,
CTC is cost to the company on annual basis.
Gross salary includes Basic, HRA, Other Allowances, conveyance etc. the component which is given on Monthly basis.You multiply this by 12 to arrive at Gross Salary per annum.
CTC includes all the components of (A) Gross Salary, (B)Statutory contributions such as PF, ESIC, Bonus (C) LTA (Once per year), Other perks such as CAR, Telephone, Driver, CAR Maintenance, House,
Insurance etc. in short all the cost that company has to incur on the particular position.
CTC concept varies from company to company.
Trust this clarifies your query, pl. feel free to ask for any clarification.
Regards,
Seema

Hi Trisha,
Your word cheers really brighten's up the issues. If i am not wrong the incentives are variable and does'nt come into ctc.
In case of Senior positions there could be fix incentives so as to work out on tax structure( it issue) but beside nomally in sales or Manufacturing or in service industry there is always a variable incentives depend's on the performance..
In our (automobile industry) there are incentives which depends on consumption of spares, labour. The target is there for each and we do have rating score from Tata Motors which provides grading to various cadre people on which the incentives fluctuate.
The incentives are paid in case the target achieved is more than 90% in and every criteria laid. For the GM works also the criteria is applied and these incentives are not included in ctc.
Rgds
Prabhakar Rao.M

Hi All
The information shared is good. But i have another thing to share. There are acutally three factors.
1. CTC
2. Gross Salary
3. Net Salary
Net salary is what you get in hand, say your take home, that is fine. Then
what is CTC and Gross?? Can anyone bifercate between these three??
Regards
Unnati

Hi All,
1. Net salary or Take home means After deduction
2. Gross salary means your fixed salary per month means before deductions. And Gross salary per annum means if your monthly salary is 15000/- then your gross sallary per annum is 15000*12=180000.
3. CTC- cost to company means it includes Basic,Da, HRA, Special, Medical, Car Allowances, PF (13.61%*12), ESI (4.75%*12), Gratuity (Basic*5%*12),Variable pay these are all includes in CTC. Simply say cost to company

Hi All,
1. Net salary or Take home means After deduction
2. Gross salary means your fixed salary per month means before deductions. And Gross salary per annum means if your monthly salary is 15000/- then your gross sallary per annum is 15000*12=180000.
3. CTC- cost to company means it includes Basic,Da, HRA, Special, Medical, Car Allowances, PF (13.61%*12), ESI (4.75%*12), Gratuity (Basic*5%*12),Variable pay these are all includes in CTC. Simply say cost to company
Reagrds,
Ravi Kumar T
09964519065

Hi All,
1. Net salary or Take home means After deduction
2. Gross salary means your fixed salary per month means before deductions. And Gross salary per annum means if your monthly salary is 15000/- then your gross sallary per annum is 15000*12=180000.
3. CTC- cost to company means it includes Basic,Da, HRA, Special, Medical, Car Allowances, PF (13.61%*12), ESI (4.75%*12), Gratuity (Basic*5%*12),Variable pay these are all includes in CTC. Simply say cost to company
And one more thing please send me leave policy.
Reagrds,
Ravi Kumar T
09964519065