Tax
Gross vs net salary
Also known as: CTC vs in-hand
Gross is your total package on paper; net is what actually lands in your bank after deductions.
Gross salary, often shown as CTC, is the full number an employer quotes, including allowances and their contributions.
Net or in-hand salary is what you actually receive after tax, PF, and other deductions are taken out.
Always negotiate and budget around in-hand pay, because CTC includes money you may never directly see each month.
For example
A ₹15L CTC might translate to only ₹95,000 or so in-hand per month once PF, tax, and other deductions are removed.