The reality of 1 CRORE Package! | CTC vs In Hand Salary | Employment Bond | Fin One

💸 Understanding Your CTC: Fixed and Variable Components Explained 💸

In this video, we break down the detailed components of your Cost to Company (CTC). Learn about the fixed and variable parts of your CTC and get a clear understanding of your gross salary, in-hand or net salary, and what ultimately gets credited to your bank account.

We will cover (timestamps):

0:00 - Introduction
0:12 - What is an Employment Bond?
1:13 - CTC vs In Hand Salary
3:02 - What is Joining and Performance Bonus
3:41 - What is House Rent Allowance

By the end of this video, you will have a comprehensive understanding of the different salary components and how they affect your finances.

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[mittalibharti]

Amazing video and thoroughly explained each and everything

[extraoomph]

My CTC is also 5 lakh but I get Rs 37, 650/- fixed salary and there is no tax deduction according to the new tax regime.

According to the new tax regime, there is no tax deduction for income below 7 lakh.

[AgrajK]

Why does anyone need to care about the Bond? I think there are enough resources on internet that show that Bond is illegal. Specially if it is not tied to your training expense amount. I think employees need to read the laws that are meant for them to make sure that they are not exploited by the consumers.