Hi, Please let me know what is the difference between gross salary and CTC
From India, Bangalore
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10From India, Bangalore
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CTC refers to "COST TO COMPANY." This includes: GROSS SALARY + incentives that are provided by the firm. Incentives include many things like meals, medical facilities, phone facilities, housing 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
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From United Kingdom, London
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Regards,
Mark
[Email Removed For Privacy Reasons]
From United Kingdom, London
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CTC- Something that people think you have Gross- Something you think you have Net- What you actually have
From India, Delhi
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From India, Delhi
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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 the employee's bank account, and Cost to Company includes Gross salary plus the Medical, Bonus, LTA, and other annual emoluments paid to the employee by the company.
From India, Visakhapatnam
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From India, Visakhapatnam
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Gross Salary means the salary before any deductions, i.e., before PF, ESIC, Insurance, etc.
CTC (Cost to Company)
CTC means the cost for the employee that includes in his/her salary. This includes:
- PF (both Employee and employer)
- ESIC (both Employee and employer)
- Insurance if any
- Any other non-cash or cash payout, all included in CTC.
In short, any cost to retain that employee is part of the CTC.
From India, Pune
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CTC (Cost to Company)
CTC means the cost for the employee that includes in his/her salary. This includes:
- PF (both Employee and employer)
- ESIC (both Employee and employer)
- Insurance if any
- Any other non-cash or cash payout, all included in CTC.
In short, any cost to retain that employee is part of the CTC.
From India, Pune
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Understanding CTC and Salary Components
CTC refers to the cost to the company, which includes BASIC, HRA, ALLOWANCES, REIMBURSEMENT, BONUS, GRATUITY, TRANSPORT FACILITY, MOBILE, CREDIT CARD PAYMENT TOWARDS TRAVEL EXPENSES, CONTRIBUTION TOWARDS PF, ESI, MEDICAL/ACCIDENT INSURANCE, and everything the Employer spends on the Employee.
Gross Salary
GROSS SALARY is the salary before statutory deductions (such as PF, ESI, TDS, PT, etc).
Net Salary
NET SALARY is the take-home pay in the form of a cheque or cash after statutory deductions.
I hope the above information answers your query.
Thanks & regards,
Suman Yadav
From India, Delhi
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CTC refers to the cost to the company, which includes BASIC, HRA, ALLOWANCES, REIMBURSEMENT, BONUS, GRATUITY, TRANSPORT FACILITY, MOBILE, CREDIT CARD PAYMENT TOWARDS TRAVEL EXPENSES, CONTRIBUTION TOWARDS PF, ESI, MEDICAL/ACCIDENT INSURANCE, and everything the Employer spends on the Employee.
Gross Salary
GROSS SALARY is the salary before statutory deductions (such as PF, ESI, TDS, PT, etc).
Net Salary
NET SALARY is the take-home pay in the form of a cheque or cash after statutory deductions.
I hope the above information answers your query.
Thanks & regards,
Suman Yadav
From India, Delhi
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Understanding Salary Components
In these matters, there are significant differences. CTC (Cost to Company) consists of the total amount that is spent on an employee in any manner.
Gross Salary
Gross Salary is a part of the Monthly Salary without considering the annual benefits.
Net Salary
Net Salary is what you receive in hand.
Regards,
Apsara Mishra,
Alfa Recruiters
From India, Kanpur
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In these matters, there are significant differences. CTC (Cost to Company) consists of the total amount that is spent on an employee in any manner.
Gross Salary
Gross Salary is a part of the Monthly Salary without considering the annual benefits.
Net Salary
Net Salary is what you receive in hand.
Regards,
Apsara Mishra,
Alfa Recruiters
From India, Kanpur
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Apsara Mishra is absolutely right.
Understanding CTC
CTC means the cost incurred by the employee in any manner; it includes salary, statutory liabilities, training, travel, etc.
Gross Salary
Gross Salary means the salary which has mandatory heads on which the company is supposed to pay/spend towards the employee from the legal point of view.
Net Salary
Net Salary means the salary that an employee is actually paid in hand.
Thanks,
Bijay
From India, Vadodara
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Understanding CTC
CTC means the cost incurred by the employee in any manner; it includes salary, statutory liabilities, training, travel, etc.
Gross Salary
Gross Salary means the salary which has mandatory heads on which the company is supposed to pay/spend towards the employee from the legal point of view.
Net Salary
Net Salary means the salary that an employee is actually paid in hand.
Thanks,
Bijay
From India, Vadodara
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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
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From India, Bangalore
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In CTC, we include Basic + HRA + TA + Other Allowance + Gratuity + Bonus + Employer PF contribution + Employer contribution ESI. These are all the components we include in the Cost To Company.
In Gross Salary, we exclude Bonus + Gratuity + Employer PF contribution + Employer ESI contribution. This means our total earning is our gross salary.
Regards,
Rajbir
From India, Coimbatore
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In Gross Salary, we exclude Bonus + Gratuity + Employer PF contribution + Employer ESI contribution. This means our total earning is our gross salary.
Regards,
Rajbir
From India, Coimbatore
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GROSS SALARY&CTC FOR 15500.xls