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What is difference between Gross salay and CTC?
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Answer / shravan kumar arya
Gross pay : The monthly pay structure which include the
emoluments which are paid under the salary head & not the
part of monthly reimbursements
Say one employee gets per month salary Rs.50,000/- per
month, the monthly salary shall be paid to him after
deduction of employee contribution he gets cash in hand.
CTC : This is cost of any employee to the company on
annually bases & include the expenses of employer in any
shape,whether it is pf employer share,bonus,gratuity, leave
en cashment & any type of reimbursement paid by employer to
employee by for providing services by employee to its
employer.
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Answer / srinivas
GROSS SALARY:-
To my knowledge, Gross salary includes heads such as basic,
DA, special allowances, HRA, employers contribution to PF,
ESI, Gratuity and other monthly emoluments.
CTC:-
But CTC is Gross Salary + Bonus, Medical, LTA, and other
annual emoluments paid annually.
Simply speaking,
Gross Salary= basic+ DA+ special allowances+ HRA+CCA+ other
monthly emoluments
CTC = Gross Salary + Bonus + Medical + LTA+ other annual
emoluments paid annually
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Answer / eknath
Gross Salary includes Earnings of employees (Like Basic,HRA, DA, Special Allowance and other Allowances what we Get)
Gross Salary doesn't include Employee's share of
contribution in PF, ESI and PT. These are Deductions
from Gross Salary to Get Net Salary.
CTC is Cost to Company (Gross Salary + Employer's share
of contribution for Esi,Pf,LWF etc. + Bonus + Medical insurance already decided + Cost of Facilities provided by Employer to employees apart from his Gross salary)
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Answer / shatrudhan sinhg
CTC means Cost on Company and Gross means which have you take salary on hand .....
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Answer / pooja
gross salary: gross salary is calculated monthly which
includes basic,DA,HRA AND OTHER ALLOWANCES
CTC: CTC is calculated annually, on bonus, medical, pf, and
other allowances
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / kamal gujjar
i will explain with example mainly 3 things you should clear
1. SALARY
2 GROSS SALARY
3 NET SALARY
SALARY =SUPPOSE YOUR SALRY 10000 SIMPLE INCLUDING ALL THING
GROSS SALARY= IN THIS SALARY + ESI AND PF added by employer
NET salary = simple salary - pf 12% and esi 1.75% from ur
10000 salary
i m also mba student i tried my best i think its enough
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