Interested to Buy Any Domain ? << Click Here >> for more details...
What is difference between Gross salay and CTC?
- 16 Answers
- 52553 Views
- TVS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
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)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shatrudhan sinhg
CTC means Cost on Company and Gross means which have you take salary on hand .....
| Is This Answer Correct ? | 0 Yes | 0 No |
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
reply
| Is This Answer Correct ? | 0 Yes | 1 No |
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
Define financial year?
how to calculated all taxes their information in details
what is the rate of vat?tell me the detail of items which are mentioned in Vat Chart.
Hi All, I am working one company under contractual employee & My CTC is 9000 per month & take home salary is 8100, they are deducting 900/- as TDS per month on my salary, as i aware that, no TDS will be deduct below 160000 per year, can you plz post the answer or mail me on my mail id (itsaarmaan@gmail.com) (itsaarmaan@way2sms.com) Thanks in Advance to all. Hope you have correct answer & you will post as soon as possible.
how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary..
What is Rule 52A (Excises Duty)
How anyone calculate HRA exemption from taxable salary for Exam. HRA is 12000 and rent paid is 11500 and total salary is 50000 thousand???????? plz. clear with example!!
How many form C we can issue or receive in 1 quarter against Inter state purchase or sales
9 Answers Alstom, HBL Power Systems, Piyush Industries,
1· What is a bad credit score? 2· What does my credit score mean? 3· Can I check my Vantage credit score range online? 4· Should I have perfect credit score, that is, above 800 credit score? 5· With a 600 credit score, how to improve my credit rating score? 6· How to raise my credit score if I have 500 credit score? 7· How to increase your credit rating score quickly? 8· How can I find out my credit rating score for free? 9· Home Equity Loans ????????· 10. Calculate Mortgage 11· Mortgage Payment 12· Mortgage Payment Problems
At what point excise duty is accrued
if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.
Audit 
