Why is your In-hand Salary Less than your CTC? | Vantage with Palki Sharma
Why is your In-hand Salary Less than your CTC? | Vantage with Palki Sharma
The difference between annual salary package and actual in-hand pay has been a pain point for employees around the world. One study found that employees only get 70% of their CTC as in-hand salary. Where does the remainder go? What can be done to bridge this gap? Palki Sharma tells you.
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CTC | Annual Pay | Salary | Cost-to-Company | Employee | Employer | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#ctc #salary #employee #employer #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Пікірлер: 227
Bless you Palki for raising voice of our pain in heart
Firstpost needs to pay Palki more! Without her, firstpost wouldn't exist.
@ViolinCineMusic
4 күн бұрын
Yes
@t.brahma2645
4 күн бұрын
Who are you 😂
@santoshed
3 күн бұрын
How do you know she is not paid well now?
@Martin_Priesthood
3 күн бұрын
Very true 😂😂
@priyanshumaurya2674
3 күн бұрын
She is paid in crores I guess
Forget about CTC, even base pay vs take home is pathetic. Espp - 15% Epf - 24% Tax - 34% Take home - 27%(approx) CTC normally 1.4x of base pay, which includes bonuses & RSU. Now take home is 18- 19% Everything is fine except tax, which is very high and doesn't return anything. Tax terrorism must end
@sripalpalrecha
4 күн бұрын
Where country u working from?
@alok.01
4 күн бұрын
34% tax? Which country
@varjunind1
3 күн бұрын
Bro how's espp bad ? That's easy money
@supriyochakrabortybme
3 күн бұрын
India check tax slab
@ashishsharma4853
3 күн бұрын
30% Income Tax plus 4% Cess = 34% tax
Anchor also experience this CTC issue in same way no exception for her too
@Zensar77Alik
3 күн бұрын
Sadly ,you dont know about this anchor।
@designing232
2 күн бұрын
😹😹
Need of the hour.... really appreciate the first post for focussing on the real time issues and the challenges
In-hand Salary Less than your CTC .. because Govt is taxing 35% on salary class and giving freebies to 100 cr people.. Govt is looting 35% of salary
@TheKakarot_itachi
Күн бұрын
as it should be. Pay tax or leave the country
My parents thinks my relatives earn soooo much because they don’t understand CTC 😅
Feels proud she's from our state, Rajasthan, India!
@vaishnavikrishna1287
3 күн бұрын
She is from manglore
@kamartaj3010
3 күн бұрын
Tu bhi kuch ukhad le life kab tak dusro ki mehnat pe khud ko proud feel karayegA
@inuyashayagami2281
3 күн бұрын
Nikal lallu laal. she is from India!
@NishantSharma-tr6xl
3 күн бұрын
dusri ke liye hi taali peet ta reh jaega zindagi bhar chodu lal
@Peacfull
3 күн бұрын
she told us that she knows you. wow
Indian government taxes salaried class people to give benefits, subsidies and free services to government employees!! One of the many reasons people try to leave India the first chance they get and settle abroad.
Ms. Palki, I like your wide range of concerns you share on screen. However, here one major thing is missed - most of the people in major cities in India are staying in rent. Most of the owners don’t provide their PAN Cards; hence, people can’t provide proof that they’re giving rent more than ₹99999/year. Although, all of them are paying more more than this amount every month. First ask the Govt to capture such income under taxes properly. Middle class salaried are suffering a lot. Thanks for raising this!
@amishjha
3 күн бұрын
YES! Good point! of all the years I lived on rent not once my landlord gave me their PAN. Even though it doesn't matter in the new regime, for the old one, this would've blocked claiming full 80C benefits on rent > ₹1 lakh. Sneaky! #TaxLoot #TaxAwareness
@faiz697
3 күн бұрын
Upload rent agreement
@subha.learning
3 күн бұрын
True
@CBS_official
3 күн бұрын
Nhi rehna hein to room chorke chala jaw
@parshasisdas6470
3 күн бұрын
@@CBS_official Call of Duty game mein BOT hote hai.. par sach comments ke liye bhi BOT use kiya jata hai.. Strange!!
That smile after those two short videos says it all about
In Software companies CTC also includes Gratuity many people are removed before 5 years and Hence this Gratuity is never paid
Creepy salary for TCS employees, they will give only 7-12% hike, we can't fulfill our dreams, though we have 3 years exp our base pay is 15k pm, pathetic for those who work @bps. No career growth at TCS. They will give 50% hike for new joiners and they give 7% hike for existing employees.
Wonderful presentation by palki...... First post should have to pay her more base to retain her😂😂
Finally someone speaks about our struggles 😭
Thank you for initiating a discussion on this topic...we need more videos on corporate Salaries/CTC and Direct Tax.....We need major reforms to happen on these topics.
I am so glad that someone is actually talking about employees and their woes. I wish the tax system in India is made simple and people friendly.
Thank you palki for highlighting this issue on your channel.
Absolutely well explained 😊
THANKS for bringing in this debate ..... Corporate Hypocrisy must be exposed .......
Gross Salary formula should be made mandatory by Govt. As only PF amount of Employer added in this.
It's very Important Topic
So important its a huge issue!! Govt shall take this into consideration.
thanks for this easy explanation
What a long pending and welcome video. Thank you First Post। Hope the PM ,PMO note this video।
Amazing video. Loved it
Great education, Palkiji
Very true ❤ mem please share to this topic in parliament or whole media attention
That ending music is such a banger! Full version please!
I wounder why there are not so much Indians watching this
@questions_answered
3 күн бұрын
Because she speaks in English
@paris9332
3 күн бұрын
Only Indians are watching this..
Thank you Palki for eye opening details on C T C OF SALARIED EMPLOYEES INFORMATION..GOD BLESS YOU.
Good argument ❤
I am doing BTC & Best of luck those who have CTC
In india salaried person first pays 30% income tax and then again pay 18 % gst to spend it. What a foolish system. Otherside poor Punjabi farmers with Mercedes donot pay any tax. Hum nahi sudhrengey
@willgetonepiece
3 күн бұрын
Till 7 lakh you don't have to pay any income tax at all in India which is majority of India ? Do you even know tax system of India .
@nikunjsrf
3 күн бұрын
@@willgetonepiece The comparison is not for the poor. But the elite who play the victim card of being poor. You should first learn about the cost of living and about the lack of benefits to tax paying person in india, specially from middle class. Also I think you have some good credentials from the class of people I have mentioned before, or you would not responded with your garbage. If u can't get the English, get a visa and as per your credentials go to Canada.
@willgetonepiece
3 күн бұрын
@@nikunjsrf people who are earning till 7 lakh in India are not poor and most of the farmers in India only earn 1 lakh to 3 lakh per year ie 80% farmers+ I think above 10 lakhs even farmers have to pay taxes ., and by the way I. Canada and usa you will have to pay more taxes than India they are also consumers based economy they have gst + income tax as well that's goes upto 40% , while India is only now becoming more and more consumption based economy secondly you are comparing a developing country to a developed country which got developed by looting and plundering and kicking their own people out of thier country or Killin local population of poor people
I feel like directly sending this video to the finance ministry
Good information. Knows to everyone
Please make more content like this for youngsters to understand what these terms are
Excellent Content
Thank You Mam You spoke Heart out
Well analyzed
We all should make this viral trend so that all employees get the pay they deserve
CTC should be banned. There should be only take home salary + pf deduction + tax deduction thats it. This gratuity, LTA should be banned.
5 million soon 😊
Always said - remuneration is a motivation to be loyal, sincere and smart&hardworking.
The last line always hits hard
I'm with you palki. I suffered a lot in my initial days of my career. It's very hard to survive in any metro cities for freshers on their take home.
My ctc 1.2 cr How ? They added insurance worth 65 lac
Much needed ...haof of time consume to cmaime real miney😢😢
Gov should focus on this..
Hi Palki, I'm not so news person coz of the way it's being delivered. However I keep myself updated through genuine and good sources like you. I would request you to keep raising voice on this matter until it's heared by concerned authorities. Thank you!
I left my job very Sadly, bcz of two reasons, low wages and that too as a CTC. Which means the real salary was like a joke. What's the point of all this if you can't save a sht. You give 9 hours to a company that doesn't give a sht about you. Issue is, nobody raises voice against it bcz nobody has another option rather than becoming a slave.
Thank you for addressing the elephant in the room ! FINALLY!
It’s high time for imposing BTT instead of all direct and indirect taxes. SC has also instructed the govt for it. Would love to know your take on this Palki.
Unfortunately companies dont want loyalty these days. Learning it the hard way. That first year they will behave really well with you - once appraisal time comes, then comes complaints. But you have already solved their problems , isnt it?
I like whenever she(Palki Sharma) says 40 four zero nice dear maam have a nice time
Fair and to the point. Work culture & work satisfaction is of higher priority for best outcome, at the sametime, what will go home will serve equally if not more, to achieve best possible outcome from teams
Plz cover BH series number plate registration for private employees 'government mendate Mail hr from the company to RTO along with form 60 but private company not sending mail even we. Are eligible
My interest from saving account also added in gross income. During ITR filling I got to know about it
Then there are Tax upon Tax Tax Tax Chai Tax Office Snooze Tax Quickey Tax
NICELY EXPLAINED. You forget to mention variable pay/EVA. This variable pay depends upon various performance parameters. Except few most of the persons wont get full variable pay. Though that is also part of CTC. Apart from that at higher level there is commission again depend on various performance parameters. Finally a fat CTC will be projected for a job. But that's how private industry works
Income tax plus GST more than 50 percent, back to British era...acchhe din 😅😅😅😅😅😅
These days many employees work from home so companies can give back the money to employees. For example: travel expanses, food, infrastructure like electricity, wifi
Palki sharma ❤
Some companies be like: Kisine suna to nahi
These Indian companies operating in abroad started this practice there as well.
Now a days, employee ask for salary in hand, also ask for take home salary
In india working people paying tax to govt like anything in return nothing we are getting no health, no education, no shelter 😢
lol in Germany you get 48% of your salary the rest goes in deductions, then you pay taxes on that taxed money like 19% VAT and even if you buy an asset on that you pay more taxes.
No point working in IT industry.Instead invest trade in markets to earn 2X
Even after filing itr or claiming refund on tax deduction it takes around 1 month to 45 days to get credited in the account
Thanks to bad policies of Sita Raman
Also even if a home loan is taken maximum we can claim is 2 lakhs
Gratuity is also added to CTC though many quit before 5 years don't get!
The biggest joke is that inspite of the tax you pay for the salary, your capital gains are again taxed at the same slab😂😂😂
Finally palki
I always say my inhand salary is this I am seeking for this...in the very first interview...I never pay interest or let them talk about their CTC offerings..I make it very clear I don't care 😂
Companies should not be involved in employee personal taxes, strange place is India.
Salaried person tax slab has to be reduced either by percentage or increase the deduction amount then only salaried persons can have middle class savings.
Ideally, the employer's contribution towards the EPF should not be included in the CTC. Out of the three organizations I have worked for so far, only one was fair in this regard. Companies also deceive employees by reducing the EPF contribution to enhance their take-home salary. In one of my previous organizations, around 12,000 rupees per month were deducted towards EPF. However, when I changed that job, the EPF deduction came down to 2,500 rupees per month, even though my CTC and take-home pay increased. Such practices should be addressed legally by the government.
Welcome to Canada... where take home is roughly 55-60% of CTC.
@Shubham7C
3 күн бұрын
How much tax is there?
@NRI.Reacts
3 күн бұрын
@@Shubham7C On average, if you earn 50K per year, you pay 28-30% taxes.
Even a CA or Tax Consultant can put in more simpler words, unfortunately our workforce more towards CTS than Cash to Hand. While we talk about single taxation system why is that an ordinary employee is forced to multiple taxations.
In Gov you actually get paid, whater is your package (LPA) it's real not lucrative
Deduction more Tax Most worste Finance Minister
Finally media got time to cover this . The struggles of foced tax paying and showing proofs for same at the year end . Saala paisa b barna hai aur uska proofs bhi dalna hai o extra work hai 😢
That's way Palki was missing😂
The fact that health insurance being linked to ctc was a pure coincidence in usa and yet it got adopted everywhere else, shows how policys are created in most countries general copy and paste except countries like finland, norway
🙏🙏🙏
Jai Bharat... Only NaMo
You'll get your PF right ? Then why are you thinking that is equivalent to Income Tax ? You can withdraw that
Govt should come forward with new low what promise mad should deliver
Compared to europian countries, Indian take home salary is far better. Also there are diverse options for tax exemptions in India. Atleast what you paid to the govt can be taken back. But in European countries, income tax is 60% of your salary. And zero exemptions.
I'm sure your office must be following the same things 😂😂😂😂
Pvt sector employees in India are worst impacted. At the least identify them as investors, treat them with identity, give them silver, gold, platinum identity cards, give them privileges at all government agencies including for example priority checkin at airports
Every company cry that they are not getting profit not paying any employees good salary increment
80 crore Indians benefit from subsidized food ration and enjoy life below poverty line thanks to tax money given by salaried hard workers and the corporates they work in. 😂😅
It's the INDIAN LABOUR LAW not the company. If there are rules to be twisted , then anyone will utilise it
1.4 billions and counting...soon in next 5 to 7 years 1.54 Billions...
What's your CTC?
Monthly salary should be 70% of CTC
Reduce taxes