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What is difference between Gross salay and CTC?
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Answer Posted / malini
Gross salary includes Basic,DA,HRA,Medical Allowance, O.T &
all other allowances which are paid to an employee on
monthly basis.
The deductions from the gross salary like
ESI,PF,Proffessional Tax, Loan, Salary advance etc.. is the
NET PAY.
The annual benefits which the company provides like Bonus,
Ex gratia,Medical,LTA plus the salary what you get is the
CTC.
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