Hello experts,
Recently, I left a top Indian company with the work location in Bangalore while being on USA payrolls since 2010. Every year, the USA compensation is revised based on my performance, and in that letter, the company shows the India salary as CTC only (no breakups). During the full and final settlement, I was surprised to find that my basic salary arrived with a notional figure (referred to by HR as Shadow fitment), which is less than 50% of the CTC shown on last year's USA pay revision letter. Is there any legal provision to calculate it this way? Can I file a complaint with the labor office? Please help and suggest me.
From United States, Irvine
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Recently, I left a top Indian company with the work location in Bangalore while being on USA payrolls since 2010. Every year, the USA compensation is revised based on my performance, and in that letter, the company shows the India salary as CTC only (no breakups). During the full and final settlement, I was surprised to find that my basic salary arrived with a notional figure (referred to by HR as Shadow fitment), which is less than 50% of the CTC shown on last year's USA pay revision letter. Is there any legal provision to calculate it this way? Can I file a complaint with the labor office? Please help and suggest me.
From United States, Irvine
Acknowledge(0)Amend(0)
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CTC CALCULATION SHEET.xls