What is the difference between in-hand salary and gross salary?
In-hand salary is the amount of money that gets credited to your account at the end of every month or in other words the actual amount which you receive after various deductions from your salary. Whereas the Gross salary is the total salary which you receive without any deductions.For example:A person's gross salary may be Rs 40000 but because of various deductions like contribution for pension scheme, Income tax deductions, professional tax deduction, etc he may be receiving only Rs 35000 at the end of the month. So here his gross salary will be Rs 40000(i.e salary without any deductions) and his in-hand salary will be Rs 35000(i.e salary after deductions).
What does "gross salary" mean?
In a typical payslip (salary slip), you will find 2 columns. One which lists all the amount that is paid to you by your employer. This might include (but not limited to) Base Pay, Allowances, Bonus amount and any reward amount. The total of all these items is the Gross Salary. In simple term, Gross Salary is your annual cost to company (CTC) divided by 12. However, this is not exactly true in cases where some part of your CTC is paid as reimbursable amount or paid in bulk at the end of the financial year. Similarly, rewards (award) also are not part of CTC.But this Gross Salary is NOT the money you will take home.On the other column in payslip, you will find the various deductions such as Income Tax, Provident Fund (Employee fund) and other amounts. The total of this is the deductions. If you subtract the Deductions from the Gross Salary, you get what you will take home or “Net Salary” or “Take Home Salary”.Hope this helps.
What is the difference between Net salary & Gross salary?
Gross salary is the salary to be paid to you without deduction , net salary means the amount due after deducting your recoveries like insurance premium, provident fund, health insurance etc.
What is the difference between gross salary and CTC?
Definitions:Gross salary (also called Base or Basic salary)The actual salary the company pays to you (not what you receive in your account). This is generally the term referred to as simply "salary".Net SalaryThe actual salary (money only) that you receive in hand/in your bank account. This is the gross salary minus government taxes. Also referred to as "in-hand" or "take-away" salary.CTC (Cost to Company)The total amount the company will be directly or indirectly paying if it hires you.This includes every possible cost the company pays for you that you possibly can't even imagine.Example:A company has compensation listed as:Base pay: 10,000 per annumJoining bonus (this is a one-time bonus that the company gives you for joining them): 3,000Stock award (over a period of X years): 5,000With the following perks:Free foodFree insuranceThen,CTC = 10,000 + 3,000 + 5,000 + cost of food for one employee per year + cost of insurance for the employeeIn a way the CTC is a deliberate misrepresentation of salary (which is supposed to be "per annum"), to attract people. In the above case, the joining bonus of 3K is payable only once, but it feels that the employee will earn 13K per annum.
How much salary will get if pay band is 5200-20200 and grade pay 2400?
The above image gives you the details of basic pay in the given pay level so if a person joins at 2400 level your basic pay is Rs 25500 apart from that you Will get the allowances like DA,HRAand transport allowance depending on the type of city headquaters is located.
How much strippers make per night & other than house fee what they pay?
How much does a stripper make on average per night? & If you know, how many shifts do they get a week? Also I know they have to pay a house fee which can range between $20 to $100 or so, but other than the house fee.. I once heard they also have to pay they pay the DJ, the Doorman, the security guys, as well as the bartender... Is this true to most clubs? Or does the house fee they pay cover that?