Salary breakup?

Question

I would like to know the difference between gross, net and CTC. If I am indicated a gross of 20,000 rupees a month, i get only 16000 in hand.

So where does the remaining money go other than the PF and Prof Tax. And how can I get back the 4000 I lose every month or atleast some amount of the money.

Is there any source on the web where I can get a detailed insight on how best you can make with the salary you get per month and at the end of the financial year. Any gurus?

Answer 1

You need to check your offer letter/appointment letter. Your organization is obligated to give you the breakup of the salary.

Answer 2

Dear Mr ________

CTC means total cost to company Generally it includes

Salary
House rent allownce
PF
ESI
Gratuity
any conveyance
Any other expences incured by company on employee.

Regards


SANJEEV TALEGAONKAR
Deputy General Manager
DRS Logistics Pvt Ltd
46 Eastern Chamber
5th floor,128 A ,Poona Street,
Danabunder Mumbai 4000009
Phone [phone]
Cell No 9321094321 Fax : [phone]
E mail : [e-mail]
All India Toll Free No 1800 11 4321
Website www.agarwalpackers.com
Jahan Jao Ghar Le Jao

Answer 3

Gross salary = 20,000=00
This should include :
Basic Pay
Dearness allowance
House rent
City compensatory allowance
It is as per the Government Pay Scales.
IN THE DEDUCTION LIST:
INSURANCE
Provident Fund
Professional Tax
Any loan (Vehi,house)
Any deposit ( Tax savings)
Unless one goes through the pay slip one can not know whether the amount deducted goes where and how it can be claimed back.

Answer 4

we are agent we only we supplier is china buyer ind we get cmsn from china in dollar what would be our service tax or income tax for 2015