CTC minus Employer's contribution to PF, gratuity etc.= Gross
Gross minus Emplyee's contribution to PF, P.Tax = Net
Salary slip generally shows the break-up and deduction details on Gross.
13th February 2013 From India, Kolkata
ESI (if applicable)
Loan (if applicable)
TDS (if applicable)
and hence the actual formula for getting Salary in your hand
Gross Salary - Total Deduction = Net Salary.
PF amount deposited by comp. can be withdrawn and get by the employee at the time of leaving job or retirement which ever is earlier a/w interest which more than 8%
8th January 2015