Question

CTC - 500000 Gross salary 90% Basic salary Goof Full form​

Answer 1

Answer:

Gross salary, also called Cost to Company (CTC) is the total amount of salary that an employer pays an employee. It includes all the allowances and perquisites provided by the employer. The gross salary denotes the maximum compensation that the employer pays to each of its employees.

Gross salary can be expressed as an annual salary or as a gross monthly income. The monthly gross salary means the maximum monthly income that your employer pays while the annual amount is the aggregation of the monthly gross pay.

Step-by-step explanation:

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