Hi, Should the employer PF contribution be shown in CTC as 12% or 12.85% including the PF Admin charges?
From India, Bangalore
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From India, Bangalore
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Dear Menon,
Salary breakup mentioned in the details below.
CTC (Gross + Benefits)
Gross (Net Salary + Employee Statutory Deduction)
Net Salary (Gross - Employee Statutory Deduction)
Actually, as per the Statutory regulations, the Gross Salary breakup is mandatory. The rest of the details depend on your HR policy. The employer's contribution of 12.85% as per the new amendments is absolutely correct.
Siraj/HR
From India, Kolkata
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1Salary breakup mentioned in the details below.
CTC (Gross + Benefits)
Gross (Net Salary + Employee Statutory Deduction)
Net Salary (Gross - Employee Statutory Deduction)
Actually, as per the Statutory regulations, the Gross Salary breakup is mandatory. The rest of the details depend on your HR policy. The employer's contribution of 12.85% as per the new amendments is absolutely correct.
Siraj/HR
From India, Kolkata
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Dear Menon, Ac No.1 - 3.67% Ac No.2 - 0.85% Ac No.10 - 8.33% Ac No.21 - 0.5% Ac No. 22 - 0.005% Total employer contribution is 13.36% including admin charges. Thanks, Anbarasu
From India, Chennai
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From India, Chennai
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Employer-PF-res trict to wages of Rs 6500.pdf