Hi,
Hope this will help you in understanding CTC, Gross Salary and Net Salary.
The term CTC, used to describe the remunerations offered to an employee on an annual basis, generally includes the basic salary, allowances, perquisites and statutory deductions like professional tax, company's contribution to provident fund, premium toward mediclaim and gratuity. But, sometimes, it might also include the annual performance bonus and interest-rate subsidy (if the firm gives out any), as a result of which, your monthly take-home salary may be way short of the annual CTC divided by 12.
Gross pay is your total pay for this pay period before deductions, reductions and taxes have been subtracted.
Net pay is your take-home pay after reductions, taxes and deduction have been subtracted from your gross pay. The net pay is the amount deposited into your account.
Shree