CTC
An employer's stated total employment cost, which may include salary, employer contributions and other benefits.
Definition & exampleBusiness wiki · Topic
Employment and payroll terms
Understand employment records, salary language and social security terminology used when managing people.
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Selected: Employment and payroll
EPF
A provident-fund arrangement associated with covered employment, with member accounts and contributions under the applicable framework.
Definition & exampleESI
A social insurance system providing specified benefits to covered employees under its applicable framework.
Definition & exampleGratuity
An employment benefit payable when the relevant statutory or contractual conditions are met.
Definition & exampleGross salary
Salary before employee deductions, calculated using the relevant payroll components for the period.
Definition & examplePOSH
The commonly used abbreviation for workplace prevention and redress of sexual harassment of women under the relevant Indian law.
Definition & examplePrincipal employer
The entity or person treated as the principal employer under the applicable employment law for a particular establishment or arrangement.
Definition & exampleUAN
An EPFO member identifier used to connect an individual's provident-fund records across employment relationships.
Definition & example