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What is the difference between salary and salary CTC?


If a person get Rs: 50,000/ per month. then what will be his per annum salary ?
and what is the amount of his salary ctc?

There are 3 terms that we use for salary.
1. Net Salary
2. Gross Salary
3. Cost to Company (CTC).

Cost to company (CTC) is the total cost that an employee is incurring in a company. This include other benefits like Bonus, Food, etc. which are in general not seen in your regular Monthly Salary. Mediclaime policy premium is another good example of what is included in CTC over Gross Salary.

Gross Salary is the one which you see every month. But this is before any deduction.

Net Salary is what an employee get to his/her hand after deductions.

The relation between all 3 can be put like below.
Gross = CTC - Other benefits
Net = Gross - Deductions

salary is what u get carry home plus taxes and deduction , bonus, LTC commissions etc.
CTC is what company spends on u or u make the company spend on u like rent of space u occupy, subsidiased canteen, ur trevelling , upkeep of ur facilities. transportation employer's contribution to PF and gratuity.

In short CTC what company will save if u quit. or are sacked

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