What is the difference between CTC and Net Salary and Gross Salary? | Ankur Warikoo Hindi Video

[@warikoo]

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[@FullmetalThor]

This is what we need our HR to tell us....but they are busy in rangoli competition 🤦🏻🤦🏻 Thank you Ankur...you are awesome 👍

[@infotom5842]

HAHA

[@kirankamath5891]

They won't tell, it's strategy by every organisation

[@swapnilpingale5234]

😄😄😄

[@namerohit007]

hahahahahahahahahaha

[@manishm1851]

😂😂😂

[@nishitgoel7069]

Really liked the way you concluded saying that don't look for shortcuts, be genuine with your bills and don't do anything that damages your reputation while going against the laws of our nation! Hats off :)

[@shanmuganathanm2384]

The closing talk is so touching! So much of useful information!The best part is, to explain abt payslips, u didn't go with a computer screen recording video with G-sheets calculations, u nailed it by the way u articulate things👌🏻😍👏🏻

[@deekshanarangtheshagirl7811]

Had been working in Wipro from past 3 years, Didn't know the full form of CTC. Although I know the gross salary, CTC ,tax ,PF , Gratuity etc. but I still enjoyed the video, ..This is what my mom was saying,teach someone like you are teaching a kid, Amazing series sir

[@safamodak8607]

You’re trying to cover basics of all topics that matter to you and are important to all people. Appreciate that

[@warikoo]

Thank you so much

[@warikoo]

Thanks

[@anshulbisen]

A suggestion. Could create a playlist specifically meant for someone who is just beginning her/his career? I wish I had someone like you to set the correct course of action when I started my career.

[@rohankumarlal468]

I want him to do this as well. But most people work in startups where ctc and in hand are the same not beneficial to many

[@gokul_chowdhary5151]

Iam a fresher and I have got a job offer yesterday.I got the offer letter accepted it and I notice 2 issues with it now: 1) Basic salary is 52% of gross salary 2) HRA allowance is only 45%(for metro cities like banglore it should be 50% right? Can someone tell me if I need to talk to HR regarding this? Please share ur valuable knowledge!🙂

[@akshatverma26]

This is the kind of teacher we all want. Very well explained sir!

[@keepitsimplewithnandani3171]

With all the compliance training companies make us go through every year, they should make this video mandatory too.

[@stark469]

aaj tak bas kabhi tax saving pe dhyan hi nahi diya, 7 months ho gaye meri salary taxable ho gayi aur ab tk mene koi kuch submit nahi kiya ab next financial year pe submit krunga aur is video me tax ka bhi cover kiya isliye thank you so much, definitely must have knowledge hai finance and tax.

[@vinayagarwal7563]

Great videos sir! A small error in your video - the HRA is the minimum of (Actual Rent Paid - 10% of Basic Salary, and other two) instead of the minimum of (10% of Basic Salary and other two options).

[@rushikeshkatkar7249]

did he meant 10% of gross salary & 50%-40% of basic salary?

[@jaishivnani7768]

In my salary slip it is 5% of basic

[@shivanimehta4046]

@@rushikeshkatkar7249 yes

[@kashinathpatekar9870]

Agreed, this is correct.

[@sheshikumar2522]

@@jaishivnani7768 how 5%, how it can be such low

[@MOTOMENTOR]

WOW even my HR didn't explain me in such a way. I thanks a lot. I use to hate finance coz numbers used to go out of my head but after watching your video now I realized how interesting finance can be. Thanks a lot number.

[@vikrantsinghrajput3301]

Thanks, we were all so lazy to even look for these terms in our Salary Slips. Grateful for this video :) Make one video on Understanding TAX.

[@rishiranjan7206]

I am in class 11 but following you sir. Because you always provide me a new perspective to see this society and world.❤️❤️❤️

[@soumyajitdey5720]

Looking at my salary slip now, I see, there is another component which is professional tax which is deducted every month and I believe that is imposed by our state government. Great video Ankur!

[@venkateshtata3935]

Hi, in case of any assistance in filing your income tax return feel free to ping me.

[@avinabhhome1835]

I am definitely going to watch this whole video fro 3 more times. Vo kehte hai na "the more you listen, the more you learn" Amazingly explained.

[@ankitj1000]

Super video! Very very informative. This should be a part of the pre-placement curriculum for each student. I wish I had learned this sooner.

[@RupasaSushma]

I worked so many years not known this much detail, didn't understand your hindi, since I don't know...read it subtitles... Really appreciated...👌🙏👏👍 Sir, please do videos in English language also....then, it will reach more people....

[@sonal_k]

After 4 yrs of working today I understood CTC completely , and from 20-21 I am paying tax for 1st time this was very useful thank you

[@oldAyushShuklaYouTube]

Did not know Madara has to pay taxes. To akatsuki?

[@UATHD]

SAD DAY to see madara pay taxes :/

[@12punjabi1]

NANI..

[@sudiptosadhukhan1580]

Thanks for sharing this knowledge. Is pf deduct from the gross salary?

[@UATHD]

@@sudiptosadhukhan1580 gross salary is ctc - all deductible. So pf comes in deductible

[@aashishupadhyay9307]

Many companies just cut Rs 200 /- as professional tax and give the remaining amount(for example Rs 30000-200=Inhand Rs 29800). Can you please shed some light on it?

[@gagamachi6655]

Your ctc is below tax slab

[@soumsgaming238]

Deductions

[@aliasgarvanak]

Great point. So many companies more than 50 staff only deduct professional tax only. Why is like that?

[@bhushanjadhav6578]

Here I am just 17 year old but watching this video to gain knowledge as in 4 years I will be earning one💯🙏

[@vijiyanttanaji9800]

Same here I am 19

[@specsboy6610]

I am 15

[@dravinashkalla2272]

@@specsboy6610 me too

[@sougandhdhuri2526]

Bro learn communication stock market and you get as much knowledge of your field all the best 👍🏻

[@Realconnect01]

I also 17

[@third3eye]

Thanks 👍 best explained... Otherwise many companies shows "Haathi"(elephant) 🐘 and finally employees gets "chuhaa"(mice) 🐁 😃😃😂 Company - Haathi lelo... Hathi lelo Emp - Arrreee Ye to chuhaa nikla yaar... next year change krni padegi 😂😂 version 2.0 starts again.... Very sad 🥺 🤣🤣🤣

[@akankshashrivastava6679]

Thank you for this profound knowledge sir ❤️ We often start getting paid without even being aware of these nitty gritties which are so important 👍

[@lucknowwalasushil1107]

Love the way you Answer All Questions ❤️❤️

[@itsvipinchauhan]

Thank you for this

[@warikoo]

👍🙏

[@itsvipinchauhan]

☺️

[@shilpivijaywargi875]

Sir, HRA deduction is least of the following: HRA paid - 10% of basic salary Actual HRA received 50% or 40% of basic (metro/non-metro) I think point 1 is different from what you told

[@UmangDesai2203]

HRA is not 10% of Basic. It's Actual Rent Paid - 10% of Basic.

[@saurabvit]

Quite rightly pointed out. HRA's one component of measurement is RENT PAID - 10% BASIC

[@ankitbhattacharjee280]

Yes, or HRA or 50% of Basic, whichever is lowest of the 3

[@vasavshah7617]

So like in the covid situation when everyone is working from home, we are still getting HRA so we are not paying any rent. So how do we submit rent receipts? Or claim deduction for not using HRA?

[@ankitbhattacharjee280]

@@vasavshah7617 if you are getting HRA but not actually expending on rent, then you cannot claim HRA deduction in your income tax filing

[@Srushti4551]

And here I was calculating 10%of basic again and again. 🤣 and the amount was coming very less like 1000-1200 for my 8k house rent. And I was like WHAT 😨only 1000 rs HRA for my 8k rent

[@Lejhandvines]

Why government needs to put hand in our hard earned salary?

[@souravnandi1923]

Great video, extremely helpful as always. A minor correction - The HRA exemption is calculated on the basis of 3 components as correctly described. But the 1st component is "Actual rent paid minus 10% of Basic salary (plus DA if applicable) ", instead of '10% of basic'. Anyway, keep up the great work! Amazing content 😃

[@shwetadornal2593]

Can only the actual House rent be considered as HRA?

[@shwetadornal2593]

And he mentioned gross is the closest to take home instead of Net? Was that correct too?

[@avinashselokar1851]

Really lots of queries sorted... Thank you

[@persephone4053]

Im in final year and I just got placed. Pls let me know how to manage my finances as it seems confusing and scary

[@warikoo]

Coming soon :)

[@persephone4053]

@@warikoo thank you!☺

[@UATHD]

@@warikoo gg

[@shreyasd4663]

@@warikoo hi Ankur, it was an informational video. Thank-you for making this video. a little more written example could help more, please consider it for any next video in this topic.

[@jaydipmakwana9390]

After Entering into corporate world , What things should i know for financial apart from Tax ?

[@aayushsinghal589]

The apt title should've been "Deciphering your Salary Slip". Thanks a lot.

[@user-fr6eb1rp9e]

But that wouldn't add up to search engines ; and Click bait ...

[@shreyassail8575]

Such a great salary break-down illustration . I am an Newbie to the corporate world. Thanks for this

[@nikitapandey9734]

According to your video the gross salary can be considered as in hand salary.then how to negotiate salary while applying for another job,gross or ctc🙄.Anywayss the video was extremely helpful 🙂

[@nehasolanki7053]

Seriously very useful video sir..

[@yagnyeswarsatapathy2429]

Thanks for explaining in such a simpler way!

[@ayushurmaliya5217]

It's been 5 years since I working but never put focus on my salary slip.really nice information you have shared, it would be great if you make video on how someone can plan their investments which will be helpful in tax saving as well as for their own savings. specially for people who are in mid 20s they knows they are paying taxes but how to control them have no idea.

[@jackie2118]

Thank you sir i even don't know what ctc means but now I am very clear about ctc and all

[@abhisheksuryavanshi6550]

Sir I am about to start my job and knowing this before my job was really eye opening. Thanks for sharing

[@suruchiarora457]

This was really helpful. Thankyou.

[@prathamgupta929]

I wait eagerly for your videos on Tuesday , Thursday and Saturday.

[@shubhraapte1813]

Very well explained👍

[@Kishandsygn]

with the coming rule from April 2021, the Basic Salary could not be less than 50% of your CTC.

[@sahilshambharkar1756]

Congratulations sir on 100k🎉🎊

[@TrideebPatra]

Most often, CTC is broken down into "Fixed + Variable" components. How does this idea of "Fixed + Variable", fit into the discussion of this video?

[@rahulshah6645]

This is going to b very usefull in my hr interview , thankyou❤

[@niki1974]

"Itna tax kyu de RAHI ho tum"

[@divyachoudhary8116]

I might too have judged him for using a feminine example when it comes to taxes and finances...but if people observe in his other videos....he generally uses feminine pronouns. So I'm sure ...it isn't a stereotype🙂

[@niki1974]

Wow, thanks for noticing

[@ameydamle1892]

Yes he uses faminine eg in all the videos.

[@codingworld6762]

Because of seagram's 💿 imperial Blue

[@SauravDocs]

Karen girl

[@foodify_food]

Your explanation is excellent 👍👍👍 ty

[@aishwarya6123]

I wish somebody had told this to me before. Informative as usual! I eagerly wait for 3 videos + 1 live every week!! :)

[@lakshman.raghuram]

Great video. Than you. It would have been really helpful if you could do your "excel excel" and showed the actual calculation...!

[@mrsahilbawa]

There is also this problem with having a small number for basic salary which is that when you quit your job, most payments like Leave Encashment, Gratuity, etc are most of the times calculated based on the Basic Salary. So it is a trade off between paying more potential tax and receiving less end-of-employment benefits... basically. Also, @11:50 it is not clear whether you mean 20% of 100 is 2 or are you rounding up 20 tax per month would be 2.

[@ashachaurasia9369]

superbly explained all the aspects of salary slip... My question is many organisations do all hanky panky stuff to save the money using loopholes and violate labour laws.. My question : if a school established as Trust (having 60 employees) has taken the signatures of the employees on a documents where its mentioned that the employee does not wish for the deduction of PF; can the employee get the salary slip to challenge the same in the labour court?

[@sanmatipol3201]

The special allowance fact blown my mind. Sir can you explain this by actually Using salary slip .

[@laad_sahab_0001]

Thanks sir this video really helps me a lot ✌✌🙏🏻🙏🏻❣❣❣

[@mehullakhanpal3187]

Hey, this was a really good explanation. Finally got to know what CTC means. Can you suggest a good place to learn about tax, saving taxes, and investments?

[@rohankumarlal468]

Investments are not to be done if you dont understand taxes. Well this video is a good example for tax knowledge as 90% come under this.

[@neetuharshal5443]

Wonderfully explained.. awesome 😍😍😍

[@harshil338]

Ankur Warikoo is a blessing to YT. Really informative video

[@warikoo]

Thank you ☺️☺️

[@happy_sole3274]

this video is so helpful luckily i understood this all game play with ctc in first year of my career. This is the kind of knowledge that has to be imparted in colleges.

[@ahujabharat]

Ankur - you are doing a great job in simplifying financial literacy for all which ideally should be taught in school/college before one starts earning. Having a finance background I often take these topics (e.g. savings vs investment, taxability, rent vs buy) for granted and have analyzed these myself before making finance decisions, but reading the comments on your posts I am amazed how many folks are not aware of implications of these topics on their personal finances and a big impact on their life as well. Kudos, more power to you!

[@huntergaming2256]

Your presentation skills are way too good

[@StammeringFreeGroup]

In covid times companies are hiring freelancing consultants more instead of permanent employees. Can you please advise how and where Freelancing IT Consultant can do tax saving & file return e.g 44ADA etc Your concept are easy to understand & highly motivating cum interesting via KZbin video. If possible Please make video on the same

[@abhishekkukreja1334]

Please explain more about whether income is taxable or not. Is it decide by CTC or Basic salary?

[@nayanmanavadaria3618]

Sir, your videos are well connected to the audience and to the point communication. In this video, i just want to mention one correction in HRA section - it should be 1) [Actual rent - 10% of basic] and not [10%of basic].

[@HariShankarHP]

Thanks a lot for your videos, really helps a lot :) From an employer view (Startup Situation), having HR Team is thought for a team of less than 10 employees. 1) Is that okay for the employees to pay tax individually and not deduct TDS? 2) Is it okay to pay just gross without any PF, HRA, ESI, Etc? Can you also advise what is the minimum company size required to mandate TDS and components like PF, HRA, ESI, Etc

[@manojlandge9149]

I feel I'm getting smarter by watching your videos and applying those in real life..

[@nageshkhute5477]

Dear Ankur Warikoo, Please start teaching Direct Tax and Indirect Tax. You made this point and HRA point very much simple, I loved your way of teaching.that is fucking awesome and simple.

[@siddarthilapavaluri1681]

Happy 100k Ankur keep growing!🔥🔥🔥 (Don't mind me calling you Ankur just felt like I wanted to cause sir doesn't feel right)

[@shubhankarsrivastava769]

Hey Ankur, Could you also please make a video on PF transfer (benefits, best practices etc..) when one switches from one company to another ? Thanks in advance.

[@sanyamkaul9239]

Great video as always, sir! I have joined my first company as a fresher Software Dev and you have been a great mentor. There's just one correction that I would like to point out. At 19:08 - The first formula for calculating your HRA is not correct. It's not 10% of Basic. It's actually Your Rent - 10% of Basic. Hence your HRA will be a Minimum of: - 1. Your rent - 10% of basic 2. 50% of basic if in Metro or 40% of basic if in Non-metro 3. Your actual HRA set by company

[@jimeejain7986]

Yes, that is correct, he stated incorrect calculation in the video.

[@Harry-gx2xr]

probably the best vid on salary slip

[@Rahulbhati333]

I got scammed in this CTC trap. That time I wasn't know about this much.

[@soumsgaming238]

Wo company walo aisa hi karte hain

[@priyanka9297]

Fabulous...your explanation is fabb👏

[@lokeshgupta22]

Congrats for 100K!!🎉 The Most Informative Channel on YT!!🙏

[@cherupawan3777]

Its 1m+ now

[@nasdoc1]

Finance should be taught in school. It's the most important subject.

[@ShokatAliYT]

Hey Ankur.. Thanks for all the great content you are creating. I have one question to which I could not find any simple answer yet. How does compounding works for Stocks and Mutual Funds?

[@Unncaptured]

Thoda ekdum short me bolne jaye toh experience is everything 🙃

[@sobhanification]

Forgery Rent Receipts that you mentioned was right on spot, many can relate. A lot of landlords deprive Tenants of any bills or any official online transfers but rather ask Rent in terms of Cash. Haha tax saving for them but a big loss to the Tenant. Pretty informative THUMBs UP.

[@kktauke]

I wish the economics classes in the universities were like this

[@ashrayaggarwal3]

Thank you for this.. I just started working and needed this information. Thanks again

[@warikoo]

Glad this helps! All the best for your job 🙂

[@benzone-bysarthakrana8560]

keep the precious knowledge aside for a second, sir your voice is very calming and pleasant, it's another reason i come to your channel. You're a great storyteller too. Thank you Ankur Sir.

[@shivangimittal9851]

I am Chartered Accountant by profession and i loved the way how you explained Basic Salary as an arbitrary number. For Medical and Conveyance Allowance, now there's a standard deduction of Rs. 50,000/- . Also, for PF 12% is on (Basic Salary + Special Allowance) after Supreme Court Decision.

[@cheems2031]

I am a new joinee, my HRA is approx 13000 per month, but since due to WFH I am not living in a rented place, will I get my HRA without deduction? Is there any other way?

[@vemuriajaykumar]

Have a rental agreement with your parents and pay that rent to their bank account then you can claim hra deduction even though you work from your home

[@vincentjoyhere]

I am binge watcher of your channel. And this is by far my most favourite video of yours. I can see a lot of genuine care; thirst and satisfaction in sharing knowledge to others, in your presentation. Keep up the good work brother. You are a gift to a lot of people like me 👍

[@AbnormaLaugh]

Hey sir, I was not aware that you are on KZbin...I got to know you by your post on LinkedIn... thanku sir..again u helped somewhere to me..👍

[@RishabhAwasthi007]

I love the way he explain all these things with so much ease. Love to Team Warikoo.

[@rajbanik3815]

Sir please make one video for tax exemption, how to get back TDS amount which is not applicable for one.. still deducted.. please 🙏🙏🙏

[@abhighnareddy4830]

Hello warikoo, So how to negotiate while asking for CTC ?

[@sagardogra2204]

Sir I am getting 6.5 lac CTC after 8+ years of experience, thinking to switch. I came to know that my new company gives 40% hike . But I was thinking to get more.In which terms should I negotiate with the new company HR "CTC or Gross or In-Hand.Plz Reply.Much obliged.

[@ashwintantri]

Day 1 Discussed about purchasing a home, you uploaded a video on the topic Day 2 Talked about ESOPs/ESPP with fellow colleagues and you upload a video on the very same topic Day 3 Was searching for insurance and asked a few friends about it, ended up finding a video on insurance on your channel! Please keep on making such amazing videos Ankur🥳

[@hiteshsahoo9905]

Awesome... please make a video on how to save tax

[@iamkrishn]

It's a bite-sized video for all the graduates, with a whole lot of knowledge which is both crucial and easy to grasp. You're such an eloquent person. Thanks for this amazing video. Looking forward for more related, in-depth videos !

[@ankitkraken]

Great video! Income tax, please make a video on this, it's such a headache.

[@vaishnavig7612]

Im a fresher and this was EXACTLY what I was discussing today with coworkers. Your video was extremely helpful Ankur and I've mailed you as well, would be grateful if you could reply :) thank for the work u do❤

[@gokul_chowdhary5151]

Iam a fresher and I have got a job offer yesterday.I got the offer letter accepted it and I notice 2 issues with it now: 1) Basic salary is 52% of gross salary 2) HRA allowance is only 45%(for metro cities like banglore it should be 50% right? Can someone tell me if I need to talk to HR regarding this? Please share ur valuable knowledge!🙂

[@nayaabnawaz]

Love your videos ❤

[@tanvibhagwat8548]

Good books to improve financial knowledge or sources to improve financial knowledge. A video on something like this?

[@sagarladhwani4287]

1st formula of HRA = Rent Paid - 10% of basic salary

[@KarishmasKitchen1111]

Hi Sir, can you please make a video on RFB planner provided by companies (meal card, leave travel allw. Etc..)

[@Sky-gk4qq]

I want to understand this from years now finally I understood