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