What is the difference between CTC and Net Salary? | CA Rachana Ranade

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  • Опубліковано 15 жов 2024

КОМЕНТАРІ • 533

  • @CARachanaRanade
    @CARachanaRanade  Рік тому

    ✔️ Invest in Knowledge: social.rachanaranade.com/Courses
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  • @post2shweta
    @post2shweta 3 роки тому +279

    Chips Packet was the perfect example to signify the Salary Packages :)

  • @chetankondawle
    @chetankondawle 3 роки тому +600

    Please make a detailed video for ITR filing for salaried individuals. Especially for beginners who are already into investing.

    • @sportssciencebyrohit1471
      @sportssciencebyrohit1471 3 роки тому +1

      Yes mam plz

    • @investonity2554
      @investonity2554 3 роки тому +6

      Yes, mam pls make a detailed video for salaried persons who investing their money into capital markets. So that we can get the idea about how to file ITR for salary along with capital gains from the investment of capital markets.

    • @14kishan
      @14kishan 3 роки тому +2

      Charges apply 😂

    • @Arpit_Gaur
      @Arpit_Gaur 3 роки тому +3

      Labour law advisor has already in their play list

    • @harshithakotian3049
      @harshithakotian3049 3 роки тому

      Yes plz do the same

  • @ganeshgajja996
    @ganeshgajja996 3 роки тому +79

    We can cross check the TDS in form 26 AS ,Pay slip and Form 16

    • @BKishan48
      @BKishan48 3 роки тому

      Yes even it shows gst and all credits etc

  • @14kishan
    @14kishan 3 роки тому +43

    12:56 side note: professional tax is not applicable for handicapped employees.

  • @kairasingh7215
    @kairasingh7215 2 роки тому +1

    Wow, apne bina bole, small act se hi smja diya difference, awesome 😊👍

  • @sachinpadhiyar9092
    @sachinpadhiyar9092 3 роки тому +39

    I like your English. You're speaking so fluently and clearly. Can you tell me the source of your path to learn English 😂

  • @mayursoni572
    @mayursoni572 3 роки тому +19

    My salary comes more than CTC as night shift gets added over and above my CTC.

  • @arshitaanmolsoni4610
    @arshitaanmolsoni4610 3 роки тому +4

    What perfect timing for this video. I just had a talk with my hr today and well he said since ur from the engineering background u won't get it rn, wait for ur salary slip

  • @damarub3756
    @damarub3756 3 роки тому +16

    It took me 1 year to understand my payslip
    Had you did this video one year back 😅
    By the way we had telephone charges allowence

    • @soumsgaming238
      @soumsgaming238 3 роки тому

      Mujhe to payslip hi nahi mila sirf net salary milta hain

  • @arindam-karmakar
    @arindam-karmakar Рік тому +2

    This is a really fun and knowledgeable video. I think every new joiner should watch this to gain a better understanding of the payslip.
    The form mentioned @14:05 is 26AS. I used this form to cross check TDS while filling ITR.

  • @911chatterbox
    @911chatterbox 3 роки тому +4

    This is truly educating one for me. Never knew what happens in payslip and the differences.

  • @stutighosh9314
    @stutighosh9314 3 роки тому +6

    Employee contribution to PF is fixed to 12% but the Employer's contribution can be between 8% - 12%. This at times not known to the employees as well.

    • @soumsgaming238
      @soumsgaming238 3 роки тому

      Normally its 12%

    • @rajatmahajan5112
      @rajatmahajan5112 3 роки тому

      Because Employers contribute 8.33% in PF & remaining in EPS(Pension Scheme), but total will be always be 12%

    • @saikrishnaykiccha1799
      @saikrishnaykiccha1799 2 місяці тому

      @@rajatmahajan5112 This is wrong Employors contribution to EPF is 3.67% and remaining 8.33% is for EPS total is 12% from Employors as well

  • @CAPushpendraKumar
    @CAPushpendraKumar 3 роки тому +8

    07:36 No doubt Basic Salary is fully taxable but it is wrong to say that "there is no deduction at all". Standard deduction of ₹50k from the gross salary is always there. And Basic salary is also a part of gross salary.

    • @shwetap5312
      @shwetap5312 3 роки тому

      Agreed, plus for PF calculation basic salary is considered, so higher basic salary is beneficial for more PF

    • @code-chari6593
      @code-chari6593 3 роки тому

      50k deduction is not available in new tax regime

    • @vinayspoorthy
      @vinayspoorthy 3 роки тому

      Topic is about CTC

    • @shashanklakshmisha5052
      @shashanklakshmisha5052 3 роки тому

      @@code-chari6593 ya but in most cases common people who makes invsts as prescribed under sec. 80C would not even opt for the new scheme. Actually that scheme makes no sense unless u don't make any tax deductible invsts

  • @adutindian
    @adutindian 3 роки тому +9

    Small Info : A Madras High Court ruling held that you can avail gratuity if you have completed 240 days of service in the fifth year. like 4 yrs + 240 days

  • @Trvelwithlife
    @Trvelwithlife 3 роки тому

    Better explained. Understanding everything is not possible without job, but your way pf explaining makes it pleasant to hear

  • @nebulamebula
    @nebulamebula 3 роки тому +5

    Wow Rachana Ji, tons of improvement in video quality! Bravo to you as well backend editing team

  • @blessed_human
    @blessed_human 3 роки тому +4

    Please make a Video on ITR Filing which is much needed to most of us who is enlightened by your Financial Literacy 🙏🏽 Hope you consider and make a Detailed video
    Thank you 🙂

  • @SunilBhangre_i5mb
    @SunilBhangre_i5mb 3 роки тому

    ज्ञानात भर पडली तुमच्या मुळे 🙏 धन्यवाद 👏🏻

  • @SumitkarIn
    @SumitkarIn 3 роки тому +23

    Ma'am please do some tutorial to understand IT filing with the new portal. Also please help with filing RSU details.

  • @anjanasunil7617
    @anjanasunil7617 3 місяці тому

    I was looking for this kind of explanation... And finally found one.. Thankyou so much... Hence subscribed ❤

  • @vihu999
    @vihu999 3 роки тому

    I watch your videos not majorly for information.. it's bcoz you have a kind of magnetic beauty in you.. I keep enjoying the way you talk.

  • @mohneeshkumarswami9207
    @mohneeshkumarswami9207 3 роки тому +6

    Before entering into IIT I too have a perseption of earning min 60 lac per year....😶😶

  • @bipinkkw2425
    @bipinkkw2425 3 роки тому

    Found best ever example of CTC and net salary in the first 14 sec.

  • @amoghchap
    @amoghchap 3 роки тому +6

    Actually, net earning *can* be more than the promised CTC. This routinely happens in growth companies when the management decides to pay an extra bonus component that is over and above what is mentioned in the offer letter. For e.g. if revenue or profitability achieved far exceeds the original target.

    • @charlesbronson21
      @charlesbronson21 3 роки тому +1

      True. Some company pay bonus which is not part of CTC

    • @kumarteja5564
      @kumarteja5564 2 роки тому

      @@charlesbronson21 But then you have tax applicable on this...

    • @shadowalphaop5238
      @shadowalphaop5238 2 роки тому

      Include Shift allowance also. That is also not part of ctc

  • @gomathirr2062
    @gomathirr2062 Місяць тому

    Superb explanation. Thank you so much!!!

  • @user-co8oc1rm5w
    @user-co8oc1rm5w 3 роки тому

    Ans is the 26AS the form with which th TDS amount can be cross checked

  • @Dipps
    @Dipps 3 роки тому +3

    Whoever thought of using chips pack for this video is the next Prahlad Kakkad 👍
    Very well done.

  • @manojjanakiraman9333
    @manojjanakiraman9333 3 роки тому +3

    There is so much life to your videos, apart from the information ofc😁 A key difference that I notice between your channel and other channels providing financial literacy. Keep rocking!!

  • @SumitkarIn
    @SumitkarIn 3 роки тому +3

    Form 26AS is the form where the TDS can be checked

  • @live.laugh.7352
    @live.laugh.7352 3 роки тому +1

    You are pure love...i love all your videos...much respect for you🙌

  • @pradeeppawar4502
    @pradeeppawar4502 2 місяці тому

    wonderful video anyone who wants to work must watch this video very informative

  • @nikhildadhich4097
    @nikhildadhich4097 3 роки тому +9

    3:05 Wow! now i am going to smash the like button 2 times

    • @gautambidari
      @gautambidari 3 роки тому +1

      😂😂😂

    • @payalg6391
      @payalg6391 3 роки тому

      Then u say that ull like it and unlike it!?

  • @vellaiyanai7087
    @vellaiyanai7087 2 роки тому

    Super Illustration and Explanation , thank you very much !

  • @shareknowledge7125
    @shareknowledge7125 2 роки тому

    In payslip detection every month medical detection will also reduced double detection employee and employer part 300 plus 300 total 600 from grose salary

  • @fitwithshaik
    @fitwithshaik 3 роки тому

    Kindly do a video in which ITR should be used by which all people for filling ITR. Thanks .

  • @dilshadktkl1744
    @dilshadktkl1744 3 роки тому

    You can check TDS credited in statement 26AS.

  • @anandbhumkar2099
    @anandbhumkar2099 3 роки тому +1

    Hi Rachana mam. Please make a video about ITR filing for individuals who have income from RSU of companies listed on Nasdaq and other international indices

  • @aakashakolkar6646
    @aakashakolkar6646 3 роки тому

    I don't know why this popped in my recommendation, no clue why I wanted to watch even I'm a student from technical background , but by the end , I shared this a tonne and knowledge was totally worth it!

  • @ameybhawkar4480
    @ameybhawkar4480 3 роки тому

    I don't even see your video completely & yet like it beforehand

  • @reshmasaldanha5087
    @reshmasaldanha5087 3 роки тому +1

    Excellent... Can you please help with taxation part & investment too.

  • @prasannaboyapati3087
    @prasannaboyapati3087 3 роки тому

    please make a video on taxations on CTC components in detail and detailed video for ITR filing for salaried individuals. Especially for beginners who are already into investing.

  • @abhishekr7556
    @abhishekr7556 3 роки тому +1

    Great explaination .. Thanks for sharing

  • @sciencezone13
    @sciencezone13 3 роки тому +1

    Due to covid we have salary deduction till now no slab no worry of income tax only worry to get income

  • @nagarajannatarajan1060
    @nagarajannatarajan1060 2 роки тому +1

    Absolutely flawless. you are dependable

  • @monaliwadekar9332
    @monaliwadekar9332 3 роки тому

    You are ausome...... 👍... explains each and every thing in a very simple way...

  • @balachandranmenon5376
    @balachandranmenon5376 Рік тому

    Nice one .please also tell what should be the pay rise negotiated on CTC ,gross salary or net salary ??

  • @vamshikrishnajupelli107
    @vamshikrishnajupelli107 3 роки тому

    Professional tax varies from state to state and your monthly income. The numbers mentioned in the video are applicable to Maharashtra and Odisha

  • @dhanrajsridharan5145
    @dhanrajsridharan5145 Рік тому

    Thanks for posting such informative contents!❤

  • @TravelwithShalaka
    @TravelwithShalaka 3 роки тому +1

    Ranchana Ma'am you're getting creative day by day. 😀

  • @nikitasancheti4708
    @nikitasancheti4708 Рік тому

    This video was shown in our MBA class!

  • @abhinav5238
    @abhinav5238 3 роки тому +5

    Waiting for F&O course!!!

  • @seshasaib8065
    @seshasaib8065 3 роки тому

    1. Is 3 months notice period is applicable in Probation period?
    2. Buy out that 3 months in probation period is based on gross salary or basic?
    Please help me with this questions ASAP!

  • @rahulmore9837
    @rahulmore9837 3 роки тому +1

    My ctc is 3.56 lac and there is standard deduction of 50k ...no one from my employer telling exactly what it is...

  • @raghu_vamsi
    @raghu_vamsi 3 роки тому

    Wish you could have made this video 16 years back Ms. Rachana :)

  • @punithhj168
    @punithhj168 3 роки тому +15

    CTC: What company pays you.
    Net Salary: What bank account shows you.

  • @suzannaa1054
    @suzannaa1054 3 роки тому

    Awesome Video..Thank u!

  • @manjunathchandrashekar1655
    @manjunathchandrashekar1655 3 роки тому

    Gratuity is payable less than 5 year also according to new wage code 2021 act, and calculate based on number of service

  • @planetearth9892
    @planetearth9892 2 роки тому +1

    Means CTC is variable every year and what we are informed by the company is maximum CTC...right...

  • @blessed_human
    @blessed_human 3 роки тому +1

    😀😆 Strange but True introduction ! You are the Best 🙏🏽

  • @vishalchandarana3566
    @vishalchandarana3566 Рік тому

    Nice explanation. Thanks

  • @yashaswini1751
    @yashaswini1751 Місяць тому

    Very good explanation 👏 👌

  • @redmi3sprime753
    @redmi3sprime753 3 роки тому +1

    Could you make it a video explaining everything about PF?? Thanks

  • @kuldeep.3012
    @kuldeep.3012 3 роки тому

    Love your style to teach anything 😍😍😍😍😍😍🙏🙏🙏🙏🙏🙏🙏🙏🙏 thanks mam

  • @sirivellasuman
    @sirivellasuman 3 роки тому

    Just came to like this video.
    Will watch later. I know for sure it will be amazing

  • @Ak-hc4rr
    @Ak-hc4rr 3 роки тому

    Starting is true and funny.
    Radava ki hasawa kalat nahi.

  • @balajisankar3271
    @balajisankar3271 3 роки тому +1

    How much salary is taxable? What are the requirements for tax filing?

  • @luckysoni5168
    @luckysoni5168 3 роки тому

    Form 16 and form 26 as is very important for income tax return for salaried persons

  • @pavanijagarlamudi7139
    @pavanijagarlamudi7139 3 роки тому

    Nice explanation mam. Clearly understood.

  • @saiprasanna9116
    @saiprasanna9116 3 роки тому

    Good start ma'am !!

  • @prithivraj4941
    @prithivraj4941 3 роки тому +1

    Liked for the Intro with chips pocket example😂😂😂 and You are the best teacher i have ever seen❤

  • @akshath400
    @akshath400 3 роки тому +1

    Can you please talk about tax of salaried employees and also ITR

  • @tirumalagirisreepati421
    @tirumalagirisreepati421 3 роки тому

    Madam actually you can get tuition fees exemption 50k(in your case) in sec80C 2) PT is 300 in february for maharastra only madam..not for all regions

  • @sumedhajori3612
    @sumedhajori3612 3 роки тому

    Mam please make video explaining about TDS

  • @alexmartin6381
    @alexmartin6381 3 роки тому

    Thank you Rachna Di for making such an informative video

  • @use20003
    @use20003 3 роки тому

    Mam Plz make videos on it returns and tax exumptions as of now and how to claim returns

  • @saravananmurugesan5516
    @saravananmurugesan5516 3 роки тому

    PPF investment good or bad investment
    Which investment for long term ,,( any idea)
    Plz suggest friends...

  • @aymaandaniyal1344
    @aymaandaniyal1344 3 роки тому

    Respected maam, please make a video on binary options.. I would be very thankful to you if you make one.

  • @ShantanuNandy
    @ShantanuNandy 3 роки тому +2

    I really like the timestamps provided in your each videos

  • @tellyandcineworld
    @tellyandcineworld 3 роки тому

    Very informative video 👏👏
    Thank you so much mam 🙏

  • @GunjanVedant
    @GunjanVedant 3 роки тому

    Professional Tax only in Maharashtra

  • @jaythorat6072
    @jaythorat6072 3 роки тому

    Plz make video on ITR filing.....
    It will be beneficial for us

  • @vishaldhruv2527
    @vishaldhruv2527 3 роки тому +1

    Form 26AS can used to cross verify TDS

  • @panduarun1988
    @panduarun1988 3 роки тому

    Hi rachana iam Arun iam from Hyderabad ...
    I really learn financial education from your video thank you rachana

  • @jerushadsa9354
    @jerushadsa9354 3 роки тому

    @Rachana Ranade- I really like how you simplify concepts and that too in a humorous manner. Thank you.

  • @subrayag2099
    @subrayag2099 3 роки тому +1

    Love how precise you were while opening potato chips. Remaind me of avenger endgame where Thor calls his hammer and Captain marvel hairs flew in between. Masterpiece❤️

  • @yashkapoor2061
    @yashkapoor2061 3 роки тому

    It's good that we have internet for this kinds of vedios thank you mam .

  • @ajinkyamane9091
    @ajinkyamane9091 3 роки тому

    Thanks for the informative video 😃

  • @rathnavelnatarajan
    @rathnavelnatarajan 3 роки тому

    What is the difference between CTC and Net Salary? | CA Rachana Ranade - Fantastic Video for working people. I share for my Tamil friends thro Twitter & Face Book - Thanks & Wishes
    CA Rachana Phadke Ranade

  • @ramyamavuloori1197
    @ramyamavuloori1197 3 роки тому

    Clean explanation thank you

  • @zaidakhtar3093
    @zaidakhtar3093 Рік тому

    Great video
    I smashed the like button 10 times

  • @Devdeep_Singh
    @Devdeep_Singh 3 роки тому

    As expected the best and most innovative starting to videos 🔥🔥

  • @sridharalaramya8261
    @sridharalaramya8261 3 роки тому +3

    Form 26 as where we cross check tds deducted.

  • @LNJP13579
    @LNJP13579 3 роки тому

    Employers that I have worked with deduct both PF EMPLOYER and PF Employee contributions from the CTC only. Nobody questions that practice. Why & how?

  • @honeysinghelon
    @honeysinghelon 3 роки тому +1

    I smashed the like button twice, you're welcome.

  • @yashgandhi4843
    @yashgandhi4843 3 роки тому

    Please make video on TDS and tax savings.

  • @fullStackInKannada
    @fullStackInKannada 3 роки тому

    Very nice and useful information mam. Thank you so much for this video! I really enjoyed this video also got information about salary stuff. Thank you :)

  • @rajeshdhawan
    @rajeshdhawan 3 роки тому +1

    Liked your video just because you said no tax is deducted to like 😀

  • @cacpatejasbhayani
    @cacpatejasbhayani 3 роки тому

    Very needful video 👍🏻

  • @drivelazy
    @drivelazy 3 роки тому

    Thanks a lot for this video. Please make a video on UAN and PF transfer from one company to another and how to make it reflect in PF passbook. I moved from capgemini to Mindtree but in passbook its not reflecting.