kram kotesh

 Profile Answers by kram kotesh 

• Jun 24th, 2007

 

CTC which means Cost To Company it includes what we are getting the benefits from the company
E.g.  Basic+HRA+PF+Performance incentives.
Provident Fund company contribute the half of the amount it is indirect benefit of employee and employee contribute the half amount both contribute.

Salary we can divide into two types that is Gross salary and Net salary.
Gross salary means
Basic+HRA+Conveyance+Etc., In this we are not deduct any taxes and others.
Net
Salary this after deducting the taxes like Professional Tax, income tax, PF, etc.,

If found any mistakes please correct it

Sri Ram
Hyderabad.
meetsriram17
at yahoo dot com