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Dear Mam,
CTC refers to "COST TO COMPANY "
this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
hope this satisfies your query.
Regards,
_________________
Mark
From United Kingdom, London
CTC refers to "COST TO COMPANY "
this includes : GROSS SALARY + incentives that are provided from the firm .
incentives includes many things like meal , medical facilities, phone facilities, house facilities , travel allowance etc.
THE SUM OF ALL THE REWARDS AND BENEFITS PROVIDED TO AN EMPLOYEE FROM THE EMPLOYER + THE SALARY IS TERMED AS "COST TO COMPANY"
hope this satisfies your query.
Regards,
_________________
Mark
From United Kingdom, London
CTC- Something that people think you have Gross- Something you think you have Net- What you actually have
From India, Delhi
From India, Delhi
Dear Ms. Neha,
Just to add info - Gross Salary is the headline salary that an employee is paid prior to any deductions. Net Salary is what is actually paid into employees bank account and Cost to Cmpany includes Goss salary plus the Medical, Bonus, LTA and other annual emoluments paid to the employee by the company.
From India, Visakhapatnam
Just to add info - Gross Salary is the headline salary that an employee is paid prior to any deductions. Net Salary is what is actually paid into employees bank account and Cost to Cmpany includes Goss salary plus the Medical, Bonus, LTA and other annual emoluments paid to the employee by the company.
From India, Visakhapatnam
Hello Neha
Gross Salary means Salary before any deduction i.e. before PF, ESIC, Insurance, etc.
CTC means cost for the employee that includes in his/her salary
like
PF (both Employee and employer)
ESIC (both Employee and employer)
Insurance if any
any other non cash or cash payout all includes in CTC
in short any cost to retain that employee is CTC
From India, Pune
Gross Salary means Salary before any deduction i.e. before PF, ESIC, Insurance, etc.
CTC means cost for the employee that includes in his/her salary
like
PF (both Employee and employer)
ESIC (both Employee and employer)
Insurance if any
any other non cash or cash payout all includes in CTC
in short any cost to retain that employee is CTC
From India, Pune
CTC: is cost to company which includes BASIC + HRA+ ALLOWANCES+ REIMBURSEMENT+ BONUS+ GRADUITY+TRANSPORT FACILITIY+ MOBILE+ CREDIT CARD PAYMENT TOWARDS TRAVEL EXPENSES + CONTRIBUTION TOWARDS PF + ESI + MEDICAL/ACCIDENT INSURANCE etc, each and everything which Employer spends on Employee.
GROSS SALARY: Salary before statuory deductions(-- such as PF, ESI, TDS, PT etc).
NET SALARY : Take home in the form of cheque or cash after statuory deductions.
I hope above will suffice your query.
Thanks & regards,
Suman Yadav
From India, Delhi
GROSS SALARY: Salary before statuory deductions(-- such as PF, ESI, TDS, PT etc).
NET SALARY : Take home in the form of cheque or cash after statuory deductions.
I hope above will suffice your query.
Thanks & regards,
Suman Yadav
From India, Delhi
In these things have a huge differences. In CTC consists a that amount which spends on a employee in any manner..
Gross Salary is the part of the Monthly Salary without considering the annual Benefits.......
Net Salary is that what you get in hand.........
Apsara Mishra,
Alfa Recruiters
From India, Kanpur
Gross Salary is the part of the Monthly Salary without considering the annual Benefits.......
Net Salary is that what you get in hand.........
Apsara Mishra,
Alfa Recruiters
From India, Kanpur
Hi,
Apsara Mishra is absolutly right.
CTC means the cost incuured by the employee in any manner,it includes salary, statutory liabilities,training,travel,etc........
Gross Salary - Means the salary which has manadatory heads on which company is supposed to pay /spend towards employee from the leagal point of view.
Net Salary - means the salary that actually an employees is paid in hand.
Thanks
Bijay
From India, Vadodara
Apsara Mishra is absolutly right.
CTC means the cost incuured by the employee in any manner,it includes salary, statutory liabilities,training,travel,etc........
Gross Salary - Means the salary which has manadatory heads on which company is supposed to pay /spend towards employee from the leagal point of view.
Net Salary - means the salary that actually an employees is paid in hand.
Thanks
Bijay
From India, Vadodara
CTC - is what company offers you Gross - actually you are paid , including incentives, medical, travelling, misc.. Net - what you actually take home
From India, Bangalore
From India, Bangalore
Dear Mr/Ms,
in CTC we include , Basic+HRA+TA+Other Allowance+Gratuity+Bonus+Employer P.F contribution+Employer contribution ESI, these all contents we include in the Cost To Company
In Gross Salary we exclude, Bonus+Gratuity+ Employer PF contribution+ Employer ESI contribution
IT means our total earning is our gorss salary.
Regards
Rajbir
From India, Coimbatore
in CTC we include , Basic+HRA+TA+Other Allowance+Gratuity+Bonus+Employer P.F contribution+Employer contribution ESI, these all contents we include in the Cost To Company
In Gross Salary we exclude, Bonus+Gratuity+ Employer PF contribution+ Employer ESI contribution
IT means our total earning is our gorss salary.
Regards
Rajbir
From India, Coimbatore
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