Hey I am on Medial • 1y
The annual salary is shown as 9 lakh Ctc whereas the actual Salary gross salary of a month is 60k something. I don’t understand why this is different. It doesn’t add up. The salary slip shows the net salary as 61k. Could one of u explain this to me?
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The Institute of Chartered Accountants of India • 1m
How to Calculate Employee Cost to Company (CTC) & Understand In-Hand Salary. 🤔 1️⃣ Cost to Company (CTC): CTC represents the total amount a company spends on an employee annually. It includes: + Basic Salary + Dearness Allowance (DA) + House Rent
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