Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Cost to company — everything an employer spends on an employee, including contributions never paid to them directly.
The offer letter number. Take-home is roughly 20–25% lower, and much of the gap is your own PF and gratuity rather than tax.
A statutory payment on leaving, accrued at roughly 4.81% of basic and payable after five continuous years.
Part of your CTC from day one and worth nothing if you leave in year four. Worth knowing before you resign in month fifty-eight.
What actually reaches your bank account after all deductions.
The only figure you can spend. Plan around this and around base salary, never around CTC, which includes a bonus that may not arrive.