7 responses

  1. Sachin
    April 18, 2010

    Very neatly Explained !

    But I have one clarification on one of the pay components,
    In case of an employee traveling outside the work location companies pay a component called perdium, this component is actually not a part of gross salary then is this component a part of CTC.
    And how can an employee declare this, as in this component is variable; depends on the travel period of an employee.

    Thanks
    Sachin

    Reply

  2. Abhishek Mishra
    May 23, 2011

    My Company has transferred me to a different location for which they where paying in the salary slip as Special HRA for Housing & Other exps every month (which would be revoked if i come to my Home Location) also HRA was paid differently,
    So is this special HRA paid to me is included in Gross Salary. Do reply me on my email id abhishekhmishra1@gmail.com

    Reply

    • DANISH
      December 7, 2017

      Dear Abhishek

      It is a Travel Allowance & Daily Allowance which should not to be effect on your salary and it is totally exempted in Income Tax.

      Reply

  3. S.R.A.RIZVI
    February 10, 2017

    Dear Sir
    Pls reply that which salary between CTC or CONSOLIDATED PAY is best ?

    Reply

  4. Schalk
    September 13, 2017

    So if i get paid R97 per hour how much should my gross salary be?

    Reply

  5. Mohit Gupta
    February 9, 2018

    I worked in a pvt company initially Salary was offered Rs 15000 but now they deducting 24% Pf And 6 %PF. from this salary. Is this deduction is right by company?

    Reply

  6. Ntobeko
    October 26, 2019

    Good explanation about Gross salary and CTC, but it would be even more understandable if taxes were mentioned even once or twice.

    Reply

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