What is the difference between CTC and take home salary?

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I Often got confuse with the terms CTC and take home salary, what is the basic difference between them. While discussing salary how to differentiate between these two?

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Posted by Sanjay (Questions: 1, Answers: 1)
Asked on 2017-03-10 10:09 pm
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Cost to Company or CTC as it commonly called , is the cost a company incurs when hiring an employee. CTC involves a number of elements and is cumulative of House Rent Allowance (HRA) ,Provident Fund (PF), and medical insurance among other allowances which are added to the basic salary.CTC is basically a company’s spending on hiring and sustaining the services of an employee. Net salary or home take salary is in-hand figure that is calculated after deducting income tax source TDS and other deductions as per the company policies. Net salary is Income Tax deduction, Public Provident Fund and Professional Tax subtracted from Gross salary.
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Posted by Guest
Answered on 2017-03-12 2:26 pm
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