Professional Documents
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Following is a basic
template for a salary slip that includes:
Let’s understand the difference between cost to company and take-home salary with the following
illustration.
Suppose, Mr. X’s CTC is Rs. 5,50,000. Below is the break of his cost to the company:
Gross Salary is the amount before deductions of taxes and others. However, it is inclusive of bonuses.
overtime, etc. X’s gross salary is Rs. 5,50,000 – 21,600 i.e.
Gross Salary = Rs. 5,28,400. The net pay is calculated on this amount.