Hi, Please tell me what is difference between CTC and gross salary. please reply
From India, Delhi
Acknowledge(0)
Amend(0)
9From India, Delhi
Acknowledge(0)Amend(0)
Hi, I am Ramya. I hope this will be useful to you!
CTC (Cost to Company) is the total of all prerequisites and fringe benefits that an employee receives from the company, including their salary. It encompasses the sum of Gross Salary, Bonus, Prerequisites, and other benefits. Gross Salary comprises the basic pay and allowances such as cell phone, travel, and entertainment. The overall gross salary is a component of CTC.
From India, Hyderabad
Acknowledge(0)Amend(0)
CTC (Cost to Company) is the total of all prerequisites and fringe benefits that an employee receives from the company, including their salary. It encompasses the sum of Gross Salary, Bonus, Prerequisites, and other benefits. Gross Salary comprises the basic pay and allowances such as cell phone, travel, and entertainment. The overall gross salary is a component of CTC.
From India, Hyderabad
Acknowledge(0)Amend(0)
an addition to ramyasravanthi’s answer..... Gross salary includes non changeable components while CTC includes changeable as well as non changeable components.
From United Arab Emirates, Dubai
Acknowledge(0)Amend(0)
From United Arab Emirates, Dubai
Acknowledge(0)Amend(0)
Dear Lokesh,
As per my knowledge, Gross Salary is the amount before deductions, and it includes: Take-home salary + employee's share of PF and ESI contribution (as applicable).
CTC is the total cost which an organization spends on an employee. Therefore, in Gross salary, we have to add the organization's share of PF, ESI, bonus, and other allowances like LTA/Med, etc.
Somebody please correct me if this is not correct.
Thank you.
From India, Karnal
Acknowledge(0)Amend(0)
As per my knowledge, Gross Salary is the amount before deductions, and it includes: Take-home salary + employee's share of PF and ESI contribution (as applicable).
CTC is the total cost which an organization spends on an employee. Therefore, in Gross salary, we have to add the organization's share of PF, ESI, bonus, and other allowances like LTA/Med, etc.
Somebody please correct me if this is not correct.
Thank you.
From India, Karnal
Acknowledge(0)Amend(0)
Hi, I what to know the formula of Increment how it is made increment are made in percentage but it is in gross, net of ctc
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
GROSS SALARY&CTC FOR 15500.xls