Demystifying Salary Terms: Understanding Net Salary, Gross Salary, and CTC
Introduction:Have you ever found yourself puzzled by terms like Net Salary, Gross Salary, and CTC (Cost to Company)? In the world of payroll, mixing up these terms can not only lead to legal troubles but would also affect Employer Employee relationship and Employee Productivity and even retention of employees. Let's break down these concepts and explore why getting them right is crucial.Net Salary, Gross Salary & CTC: Can They Be Interchanged?Understanding the distinctions between Net…