Dear All, Can anyone pls let me know the difference between CTC and gross salary in detail. Its very confusing.. Regards, Alka
From India, Delhi
2From India, Delhi
Dear Alka,
CTC (Cost to Company) means every single penny spent by the company on the employee i.e if you even have a coffee in your office the cost of it will be added in your remuneration, likewise transportation, gratuity and other benefits where as Gross salary include net salary + PF.
Please see the attachment for reference.
Suggestion: Always negotiate your salary on Gross rather than on CTC
From India, Lucknow
CTC (Cost to Company) means every single penny spent by the company on the employee i.e if you even have a coffee in your office the cost of it will be added in your remuneration, likewise transportation, gratuity and other benefits where as Gross salary include net salary + PF.
Please see the attachment for reference.
Suggestion: Always negotiate your salary on Gross rather than on CTC
From India, Lucknow
Gross Salary means : Basic + DA/HRA + Conv PF is deducted from Gross Salary Net Salary : Gross salary - PF, advance, etc. MANOKAVIN
From India, Coimbatore
From India, Coimbatore
Dear Alka,
CTC means Cost to the Company, which includes of all the cash benifts you get from the company per annum (Inclusive of Statutory benifits) Whereas the Gross means Monthly Gross Salary which is inclusive of your side P.F. and Professional Tax
From Germany, Berlin
CTC means Cost to the Company, which includes of all the cash benifts you get from the company per annum (Inclusive of Statutory benifits) Whereas the Gross means Monthly Gross Salary which is inclusive of your side P.F. and Professional Tax
From Germany, Berlin
Alka,
Gross Salary consists of all earning components, such as BASIC, HRA, DA, CCA and other allowances
Net Salary is Gross Salary LESS deductions, such as PF, ESIS, Professional Tax, TDS etc
Cost to company is Gross Salary PLUS contributions such as company's contribution to PF, ESIC, Gratuity, Superanniation, medical insurance etc PLUS the value of perquisites, such as Car, House and other non-cash benefits.
Archana
From India, Mumbai
Gross Salary consists of all earning components, such as BASIC, HRA, DA, CCA and other allowances
Net Salary is Gross Salary LESS deductions, such as PF, ESIS, Professional Tax, TDS etc
Cost to company is Gross Salary PLUS contributions such as company's contribution to PF, ESIC, Gratuity, Superanniation, medical insurance etc PLUS the value of perquisites, such as Car, House and other non-cash benefits.
Archana
From India, Mumbai
Dear All, Thank you so much for your valuable replies.. Its really helpful..now the difference is clear to me.. Thank you so much once again. Regards, Alka
From India, Delhi
From India, Delhi
In this I am having that doubt in Payroll process Pls clarify,
A Emp getting the salary of Rs.10000 per month (Basic 4000, DA 1500, HRA 1200, Perks 1300, Med Allo 1000, Other Allo 1000) Here the normal working days is 26 /Month v have taken into working days.
If the employee's Workg Days is 10 means normally we can calculate (10000/26)*10 (if there is no Leave Benefits & No other Benefits) Is it not?
But my Quest is How can v break up the 10 days salary?
how v deduct the LOP amt from above mentioned Heads?
How much v have to take for PF?
Clarify any one pls?
Regards,
Sukumar
9842023923
From India, New Delhi
A Emp getting the salary of Rs.10000 per month (Basic 4000, DA 1500, HRA 1200, Perks 1300, Med Allo 1000, Other Allo 1000) Here the normal working days is 26 /Month v have taken into working days.
If the employee's Workg Days is 10 means normally we can calculate (10000/26)*10 (if there is no Leave Benefits & No other Benefits) Is it not?
But my Quest is How can v break up the 10 days salary?
how v deduct the LOP amt from above mentioned Heads?
How much v have to take for PF?
Clarify any one pls?
Regards,
Sukumar
9842023923
From India, New Delhi
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
GROSS SALARY&CTC FOR 15500.xls