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Fed Up Of Salary Taxes? #salary #salarytaxes #finance #personal #financiallysound #ctc #components
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Previously we saw difference between CTC and In-hand salary....Let's see what exactly is CTC with Financially Sound.
CTC in layman’s language is the total cost that the company bears for an employee.
The first and most important part of the CTC is the basic salary.
The next component of CTC is allowances like...House rent allowances, vacation allowances, medical allowances etc.
The final part of CTC is the compulsory deductions. These deductibles are Provident Fund, Professional Tax etc.
CTC in layman’s language is the total cost that the company bears for an employee.
The first and most important part of the CTC is the basic salary.
The next component of CTC is allowances like...House rent allowances, vacation allowances, medical allowances etc.
The final part of CTC is the compulsory deductions. These deductibles are Provident Fund, Professional Tax etc.
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