Dear members, How is CTC of a person and his IN - hand salary, or salary he get in his account is decided? And is it possible that a person CTC is 14000 and he get in hand as 8000 only.?
From India, Chennai
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From India, Chennai
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Hi,
You need to understand that the CTC is the cost to the company, and net salary is the salary credited to the employee on a monthly basis. Yes, it is possible that the CTC is $14,000 and the net is $8,000, depending on what heads are counted or included in the CTC.
Thank you.
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384You need to understand that the CTC is the cost to the company, and net salary is the salary credited to the employee on a monthly basis. Yes, it is possible that the CTC is $14,000 and the net is $8,000, depending on what heads are counted or included in the CTC.
Thank you.
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CTC SALARY SLIP FORM.xls
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(Fact Checked)-The user reply is correct. The CTC is the total cost to the company, while the net salary is what the employee receives. The difference between CTC and net salary can vary based on components included in CTC. (1 Acknowledge point)