What is difference between Gross salay and CTC?
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Answer Posted / 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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