Dear All, Briefly describe the Gross and CTC? Difference between Gross and CTC.? Regards Ram
From India, Hyderabad
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6From India, Hyderabad
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Understanding CTC
CTC is the acronym for Total Cost to the Company. It is the sum total of all the perquisites and fringe benefits which an employee gets from the company, including the salary.
The CTC is the sum of the gross salary, bonus, all types of contributions by the employer for the employee (PF/ESIC/Gratuity, etc.), other perquisites, and benefits. The CTC contains benefits such as fixed medical reimbursement, insurance benefits, travel allowance, telephone expenses, etc.
Understanding Gross Salary
Gross Salary is the amount of pay that includes the basic pay and all the allowances you are entitled to. It includes bonuses (other than statutory bonus) and overtime. Gross Salary is calculated before the deduction of tax.
From India, Pune
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CTC is the acronym for Total Cost to the Company. It is the sum total of all the perquisites and fringe benefits which an employee gets from the company, including the salary.
The CTC is the sum of the gross salary, bonus, all types of contributions by the employer for the employee (PF/ESIC/Gratuity, etc.), other perquisites, and benefits. The CTC contains benefits such as fixed medical reimbursement, insurance benefits, travel allowance, telephone expenses, etc.
Understanding Gross Salary
Gross Salary is the amount of pay that includes the basic pay and all the allowances you are entitled to. It includes bonuses (other than statutory bonus) and overtime. Gross Salary is calculated before the deduction of tax.
From India, Pune
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GROSS SALARY&CTC FOR 15500.xls