Hi Friends,
We have recently received our appraisal letter and noticed that the PF (company contribution) is added to our gross salary and show as hike in our pay slip. Upon receiving our pay-slip shocked to notice that the PF is not added to the slip.
Is there any goverent norms or company decesion, that the PF (company contribution) can be show as like CTC . Please advise.
I am not sure why this trick been made by the management to fool the employees?
From India, Madras
We have recently received our appraisal letter and noticed that the PF (company contribution) is added to our gross salary and show as hike in our pay slip. Upon receiving our pay-slip shocked to notice that the PF is not added to the slip.
Is there any goverent norms or company decesion, that the PF (company contribution) can be show as like CTC . Please advise.
I am not sure why this trick been made by the management to fool the employees?
From India, Madras
Hello Friend,
these days every employer follwing this Trick to show that they are paying good amount to their employees .
This Tricky name called CTC, in this concept what ever they pay to employees they will show each and every thing.
for CTC there is no specific rules from Govt. side it is all depand on company policy.
some company's will add PLI ( Performance Incentives & Bonus also apart from PF.
From India, Hyderabad
85these days every employer follwing this Trick to show that they are paying good amount to their employees .
This Tricky name called CTC, in this concept what ever they pay to employees they will show each and every thing.
for CTC there is no specific rules from Govt. side it is all depand on company policy.
some company's will add PLI ( Performance Incentives & Bonus also apart from PF.
From India, Hyderabad
I am surprised or rather shocked at the language used by the members of this forum. "Trick" or "every employer follwing this Trick". If you do not know the concept everything is "Trick" also if you do not trust you employer again everything is a "trick"
Please refrain from using such language in public discussions.
Answer rest in the term used in the Question itself. "CTC" For your understanding the term means "Cost to Company"" therefore should include all the cost which company incur on an employee whether capable of represented in cash or kind.
As mentioned by others, Companies may take different approaches but this does not change the meaning of the term CTC. I would recommend all to gain better understanding on the term CTC and that shall help you a lot.
Also if you believe that you have been "tricked" or do not trust your employer, leave the Company immediately. every day you go to office you do more harm to yourself than to company you work for.
From India, Bangalore
Please refrain from using such language in public discussions.
Answer rest in the term used in the Question itself. "CTC" For your understanding the term means "Cost to Company"" therefore should include all the cost which company incur on an employee whether capable of represented in cash or kind.
As mentioned by others, Companies may take different approaches but this does not change the meaning of the term CTC. I would recommend all to gain better understanding on the term CTC and that shall help you a lot.
Also if you believe that you have been "tricked" or do not trust your employer, leave the Company immediately. every day you go to office you do more harm to yourself than to company you work for.
From India, Bangalore
Its a public site & everyone has their own opinion. We are decent enough to to call these cheating rules atleast "Tricks" as these ' rules ' as per some people's language are never disclosed at the time of joining.
From India, Calcutta
From India, Calcutta
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls