Dear Seniors what is definition of 1 wages 2 salary 3 gross salary 4 CTC pls help me.
From India, Chandigarh
From India, Chandigarh
1 wages – mean by paying amount based on work, like hour base
2 salary – mean that paying amount monthly base, like engaging employment regularly
3 gross salary – says with out deduction of his/her salary
4 CTC – calls over all payment of employee (Cost To the Company –C.T.C)
From India, Madras
2 salary – mean that paying amount monthly base, like engaging employment regularly
3 gross salary – says with out deduction of his/her salary
4 CTC – calls over all payment of employee (Cost To the Company –C.T.C)
From India, Madras
Dear Sewal,
As per my understanding
Wage is denoted to workmen class where quantum of work can be measured.
Salary denotes to employees of supervisor, manager or above class.
Gross salary means total earning for a period before deduction.
CTC means total cost (investment) made be the company for an employee for a period.
For defination you need to refer to the acts.
From India, Bhubaneswar
134As per my understanding
Wage is denoted to workmen class where quantum of work can be measured.
Salary denotes to employees of supervisor, manager or above class.
Gross salary means total earning for a period before deduction.
CTC means total cost (investment) made be the company for an employee for a period.
For defination you need to refer to the acts.
From India, Bhubaneswar
Hi Chef!
As per my experience.
Wages- It is denoted to worker class where quantum of work canbe measured.
Gorss Salary- Total earning without deduction of every month.
CTC- Cost to company
Regards
Vikrant Singh
From India, Gurgaon
As per my experience.
Wages- It is denoted to worker class where quantum of work canbe measured.
Gorss Salary- Total earning without deduction of every month.
CTC- Cost to company
Regards
Vikrant Singh
From India, Gurgaon
Dear Sewal,
Wages has it's different meaning under various legislation like Payment of wages,Minimum Wages Act,Bonus Act,etc.However rest part from Mr.Shaikh is correct theme.Wages is earing payable to workmen who is hired on
From India, Pune
Wages has it's different meaning under various legislation like Payment of wages,Minimum Wages Act,Bonus Act,etc.However rest part from Mr.Shaikh is correct theme.Wages is earing payable to workmen who is hired on
From India, Pune
Definitions can differ unfortunately. However - CTC as I know it usually refers to Total Guaranteed Cost to Company - in other words, before incentives, whereas Total Remuneration will refer to CTC plus incentives. I have seen different usage of the terms though, and it is critical to be sure the source you are using has the same definition as you do - or you could land up basing fixed pay on a market figure that includes both fixed and variable.
From South Africa, Johannesburg
From South Africa, Johannesburg
1 wages - Wages is paid to workers cadre is called wages.
2 salary - Salary is Paid to the Officers Cadre.
3 gross salary - Total Earnings is called Gross Salary
4 CTC - Gross Salary plus other deduction means employee shall getting from employer each salary is called as CTC (Cost to the Company) i.e. P.F., Medical Allowance etc.
From India, Pune
2 salary - Salary is Paid to the Officers Cadre.
3 gross salary - Total Earnings is called Gross Salary
4 CTC - Gross Salary plus other deduction means employee shall getting from employer each salary is called as CTC (Cost to the Company) i.e. P.F., Medical Allowance etc.
From India, Pune
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