CTC of Company, Basic Salary, Gross Salary The excitement of getting the first job is punctured on getting the first pay. It is usually less than what the fresher employee expected. Usually, in the campus interviews company advertise their Cost to Company (or CTC) and people mistake their s...
What is the difference between gross and net income? The difference between gross and net income boils down to the difference between what you bring in (gross income) and what you get to keep for spending (net income). Why does knowing the difference between gross vs. net income...
Gross Salary: The salary that shows on your income statement excluding all deductions such as Income Tax. CTC: The cost to the company for maintaining that employee. Here is where the company-provided benefits like Health Insurance are included. 4. Difference between salary and wages The followin...
Gross Salary = Basic Salary + Allowances + Perquisites + Fees, Commission and Bonus + Variable Pay+ Retirement Benefits (EPF/NPS) Net Salary = Gross Salary – Tax(Income Tax, Professional Tax) CTC = Net Salary + Indirect Benefits( Food coupons, Interest Free Loans) Sundar Pichai, CEO of ...
The difference between gross salary and CTC are presented in detail hereunder: Gross salary implies the total salary received by an employee, in a particular financial year, which includes basic pay, allowances and add-on benefits. On the other extreme, CTC can be defined as the cost incurred...