New Delhi, Dec. 29 -- Are you familiar with your pay scale? Why does take-home pay differ from cost to company (CTC)? Why do you receive less than what is depicted on the poster? Understanding the elements that comprise your earnings, such as your gross income, Cost to Company (CTC), and take-home pay, is just as important as understanding the amount on your paycheck. Whether you are negotiating your salary or managing your finances, understanding the details of your salary can significantly impact your financial health.

Basic salary is a core part of earnings and is typically the fixed amount paid to an employee. It forms the basis for determining other benefits, including Provident Fund (PF) contributions and House Rent Allowance (HRA)...