WebBasic salary: 30%-40% of fixed pay which in this case would be 1.2–1.6L Gross salary: CTC excluding benefits and EPF. This figure is what is given in your compensation letter when you exit an organisation. (EPF constitution value is 12% of basic pay which is 14400- 19200 in this case) More answers below Raghav Rao WebJul 28, 2024 · Due to which they face difficulty while negotiating their first salary with the employer. Here is the difference between all these terms- 1. CTC (Cost To Company)- If you see your salary slip which is provided by …
What is the difference between fixed compensation and …
WebSep 14, 2024 · The fixed amount paid to the employee is known as the basic salary. This is the amount that is arrived at before any deductions, increments, bonuses, or allowances. … WebCTC stands for "cost-to-company," which is a term used in employment contracts to refer to the total amount of money that an employer spends on an employee, including the … read strongest dull prince
Difference between Salary and CTC Salary vs CTC
WebDifference between Take-Home, Net, Gross Salary & CTC. CTC is the amount a company spends on an employee and Gratuity is what it pays to the employee at retirement. … WebJan 3, 2024 · The difference between your CTC and take home salary is of the taxes deducted by the employer and exemptions You take home salary will be: Gross Cost To Company CTC Minus: Exemptions w.r.t. allowances and perquisites such as HRA, LTA, education allowance, conveyance, contribution to provident fund, etc. Minus- Net tax … WebAssume your Cost To Company (CTC) is Rs 5 lakh. The employer gives you a bonus of Rs 50,000 for the financial year. Then your total gross salary is Rs 5,00,000 – Rs 50,000 = Rs 4,50,000 (Note, the bonus is deducted from the CTC). Gross Salary = Rs 5,00,000 – Rs 50,000 = Rs 4,50,000 read string scanf in c