42 Views

Is salary is annual or monthly given in your data's?


Sumeet Jain 5th Feb, 2019
Answer (1)
priyaankasarkar Student Expert 5th Feb, 2019

Dear Sumeet, any company's package when it mentioned, talks about it Annually. So when they quote a package for any designation and it is diplayed on our website, it is always Gross Salary for a year. It is called Cost to the Company in other words CTC. So when they say, CTC it means that the company is willing to spend this certain amount on you annually. However that is not what you take home. For example, if the CTC is 6 lakhs per annum, you dont take home 50,000Rs every month. That is because 6 lakhs is your gross salary and not Net salary. Your gross salary is like a raw budget alloted for you before any taxes, bonus, PF, other components, etc. So when they say CTC, it is your Annual salary and also never forget to ask what your Net salary or take home would be. for any designation, it is always Gross Salary for a year. It is called Cost to the Company, in other words, CTC. So when they say, CTC it means that the company is willing to spend this certain amount on you annually. However that is not what you take home. For example, if the CTC is 6 lakhs per annum, you dont take home 50,000Rs every month. That is because 6 lakhs is your gross salary and not Net salary. Your gross salary is like a raw budget alloted for you before any taxes, bonus, PF, other components, etc. So when they say CTC, it is your Annual salary and also never forget to ask what your Net salary or take home would be.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books