What is difference between Gross salay and CTC?

Answers were Sorted based on User's Feedback



What is difference between Gross salay and CTC?..

Answer / madan

HI,

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 ?    118 Yes 27 No

What is difference between Gross salay and CTC?..

Answer / ved parkash chauhan

Gross Salary in which we DON'T include the contribution of
Employer (as ESI EPF LWF ETC.)

&

CTC= cost to company in which we GROSS SALARY +
contribution of Employer (as ESI EPF LWF ETC.).

Is This Answer Correct ?    49 Yes 8 No

What is difference between Gross salay and CTC?..

Answer / om prakash

gross salary means inculcate all benefit ctc means cost to
company

Is This Answer Correct ?    43 Yes 23 No

What is difference between Gross salay and CTC?..

Answer / ashok kumar

Gross Salary includes Basic,HRA, DA, Special Allowance and
other Allowances what we Get .

Gross Salary doesnot include Employee's share of
contribution in PF, ESi. These are Basically Deductions
from Gross Salary to Get Net Salary.

CTC means Cost to Company (gross salry + Employer's share
of contribution for Esi,Pf,LWF etc.)

Is This Answer Correct ?    22 Yes 2 No

What is difference between Gross salay and CTC?..

Answer / kaushik

so whatever ur CTC is then the employers share of ESIC and
PF will be deducted from employees salary???

Is This Answer Correct ?    8 Yes 3 No

What is difference between Gross salay and CTC?..

Answer / deepak

Gross salary is including with variables.
CTC means cost to company including gross salary+employers
share of contribution for ESI+PF+LWF Etc.

Is This Answer Correct ?    7 Yes 4 No

What is difference between Gross salay and CTC?..

Answer / sajjan singh

Gross salry contain the part of basic
salry,Hra,Con,DA,s/allws,imploree share of Pf,Esi,Lwf and
other facilities.

CTC means gross salry + implorer's share of Esi,Pf,LWF etc.

Is This Answer Correct ?    15 Yes 13 No

What is difference between Gross salay and CTC?..

Answer / amit

Gross Salary in which we DON'T include the contribution of
Employer (as ESI EPF LWF ETC.)

Is This Answer Correct ?    6 Yes 5 No

What is difference between Gross salay and CTC?..

Answer / bharat

Gross Salary in which we DON'T include the contribution of
Employer (as ESI EPF LWF ETC.)

&

CTC= cost to company in which we GROSS SALARY +
contribution of Employer (as ESI EPF LWF ETC.).

Is This Answer Correct ?    1 Yes 0 No

What is difference between Gross salay and CTC?..

Answer / 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.

Is This Answer Correct ?    5 Yes 5 No

Post New Answer

More Taxation Interview Questions

We are SSI unit. Is there any procedure for the cancellation of excise invoice for excise department?

1 Answers  


Explain deferred tax asset?

0 Answers  


whether commission earned by stock broker is laible for TDS?

2 Answers  


how much deduct TDS company or non company

8 Answers  


I'm collecting TDS Certificate from one of our Customer for Ass. Year 2002-03 today and request IT Dept. to allow this as part of rebate to me, will they allow?? What IT Act says on this.

3 Answers   Voltas,






WHAT IS TCS & DIFFINATION

1 Answers  


IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

0 Answers  


I HAVE PURCHASE MATERIAL IN 3% CST FROM U.P.AGAINST FORM 'C'. AFTERTHAT I WILL NOT GIVE FORM 'C' THAN HOW MANY RS. PAID TO PARTY.

8 Answers  


when form h, form d, form 38, form h issu , what is the process of get it , who is the liable to get it , any % tax apply against issu this form, please give me answer on my e.mail sonidilip87@yahoo.com

0 Answers  


What is FBT % for the F-Y (2008-2009). & A-Y (2009-2010)

2 Answers   Easiprocess, Tech Plus,


what r the heads of taxation

8 Answers   Mphasis, TATA,


what is VAT?

4 Answers   Banking,


Categories