WebMar 13, 2024 · If the CTC is ₹10,00,000; The bonus received is worth ₹50,000. The gross salary calculated will be the Bonus amount subtracted from the total CTC. In this case, gross pay will be ₹9,50,000. Now, subtract the deductions made from the gross salary. If the total of EPF, PPF, and other deductions are equal to ₹60,000. WebCost to Company (CTC) is the sum total of Direct Benefits, Indirect Benefits and Savings Contributions. Direct Benefits is paid to an employee by his/her employee, while Indirect …

What is CTC in Salary? Learn How to Calculate CTC from Basic Salary

WebApr 13, 2024 · We have provided a few simple steps to calculate your in-hand salary from your CTC: Compute your gross salary. After determining your gross salary, calculate the income subjected to tax or is taxable income. Subtract the taxable income from the total income. Make all the calculations accurately to determine your in-hand salary. WebGross Salary. The amount received post subtracting gratuity and the employee provident fund (EPF) from Cost to Company (CTC) is called as Gross Salary. In other words, … or26a gene

Salary Structure : Components & How To Calculate Your Salary

WebApr 12, 2024 · 1. Cost to Company is the amount that an employer will spend on an employee in a particular year, whereas, gross salary is the amount an employee receives as a salary, before any deductions. 2. A gross salary will not include the contributions to the PF and gratuity, among other things. 3. WebSep 25, 2024 · * Gross Salary is the amount an employee eligible per month before any deductions which is neither his CTC nor Net Pay. Gross Salary is always equal (if no deduction in a month) or above than Net ... WebApr 11, 2024 · Therefore, the net salary, also called take-home pay, is the gross salary less deductions such as income tax, EPF, etc. However, when shifting jobs, companies usually ask for the CTC. You can ... portsmouth nh churches downtown