Difference b/w CTC and Gross Salary and Net Salary or Take Home Pay

CTC includes Basic Pay, House Rent Allowance (HRA), Other Allowances, Bonus, Incentives, Company’s Contribution towards your : Provident and Pension Fund, Medical Insurance, Life Insurance, etc. Gross Salary is the Salary before deductions (Provident Fund, Professional Tax, TDS). Net Salary or Take Home Pay is the actual amount which an employee receives i.e., after deductions.