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  2. Gross Salary (CTC) vs Take-Home Salary. CTC (Cost to Company) is a broader term that includes the total amount your employer spends on you. CTC includes components like your gross salary, employer's provident fund (EPF) contributions, gratuity, bonuses, and other benefits like health insurance, food coupons, etc.

  3. How Do Salary Calculator Work? To calculate the take-home salary, you must enter the Cost To Company (CTC) and the bonus, if any, as a fixed amount or a percentage of the CTC. For example, your Cost To Company (CTC) is Rs 8 lakh. The employer gives you a bonus of Rs 50,000 for the financial year.

  4. CTC = Gross Pay + Statutory additions (PF + ESI + Bonus) In the above formula, the statutory additions are the employer’s contributions and not the employee, which we will look into as this article progresses.

    • How to calculate CTC?1
    • How to calculate CTC?2
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  5. Jan 3, 2024 · How is CTC Calculated? CTC (Cost to Company) = Gross Salary + Benefits. 1. Basic Salary: It is a fixed amount of money on an employment contract that is mutually determined and provided monthly to an employee for their financial needs. 2. House Rent Allowance: Employee is eligible for this if they are living on rent.

  6. Tools & Calculators. Salary Calculator. Salary is compensation that companies pay to their employees for their services in the company. ET Money’s in-hand salary calculator enables you to estimate the net salary you will receive at the end of the month. Let’s understand more about this in-hand salary calculator in detail.

  7. In this edition, learn to decode the CTC and negotiate better. CTC> Gross Salary> Net Salary. CTC is a companys spending on hiring and sustaining the services of an employee. It is the calculation of the total cost that a company would incur, on an employee, in a year, has become a norm.

  8. Aug 21, 2023 · You can figure out your CTC by adding up your salary and all the perks you get from your companies. CTC is the amount a company has to pay to hire and support all of its employees. Here are the steps to figure out the structure of the CTC: Find out your basic salary:

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