Gross salary includes all employee benefits before tax deductions. Cost to Company (CTC) includes rent, provident fund, and medical insurance. Employee Provident Fund (EPF) requires 12% salary contribution. Gratuity is an honorarium paid during employment tenure
Compa ratio compares individual or group salaries to defined salary range midpoint. Formula: Actual Salary / Salary Midpoint (decimal) or (Actual Salary / Midpoint) x 100. Salary midpoint can refer to market rate, range midpoint, or average pay rates