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Street Smart Finance
Understanding Your Salary
Your job offer shows the CTC (Cost to Company), but the amount you get in your bank each month is your in-hand salary. This is after tax and deductions.
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Your salary has many parts: Basic Salary, HRA for rent, PF for retirement, and other allowances. Taxes and employee contributions are deducted before you get paid.
Why Form 16 Matters
Form 16 is given by your employer and shows your salary and tax deductions. It helps you file income tax and understand your earnings better.
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