The key elements include: Cost to company or CTC or the Gross Salary, i.e., the remuneration an employee owes before deductions. Net Salary: Companies also call it the take-home salary. It is the actual amount of remuneration that an employee gets after considering the beneficial deductions like PT, PF, LTA, Transport Allowance, Special Allowance, etc. Making all the occasional or onetime payouts owing to an employee. When a company uses Payroll outsource in India, they also transmit bonuses, leave encashment, incentives, etc., to the outsource provider. They also pay other benefits on behalf of their partner. These include various amenities or conveniences that an employee gets apart from the net salary. A standard employer provides medical insurance, family insurance, and retirement benefits to their staff. PF, PT, and gratuity also come into the category.