Gross Salary: What is Gross Salary, Components, Benefits, Calculation & Formula

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Components With Direct Benefits	Components With Indirect Benefits
Basic salary	Performance linked incentives or bonus
Dearness allowance	Overtime payments
House rent allowance (HRA)	Accommodation provided by the employer
Leave travel allowance (LTA)	Utility bills such as electricity and water paid by the employer
Telephone or mobile phone allowance	Arrears of salary
Conveyance allowance	Meal coupons
Special allowances	Health care costs

Components of Salary	Yearly Amount (in ₹)
CTC	7,00,000
Basic Pay	5,00,000
Travel Allowance (TA)	50,000
House Rent Allowance (HRA)	45,000
Medical Allowance	45,000
Leave and Travel Allowance (LTA)	60,000
Provident Fund Contribution (PF)	84,000
Gratuity	29,629

What is Gross Salary: Everything Explained

What Is Gross Salary?

What Are the Components of Gross Salary?

Direct Benefits Under Gross Pay

Indirect Benefits Under Gross Pay

How to Calculate Gross Salary?

Frequently Asked Questions

✓ Is CTC considered as an actual package?

✓ Does my Gross Pay include PF?

✓ Is in-hand salary less than Gross Income?

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