I have joined new company since last few days before. After my interview they have sent me email regarding my salary offer and the contents of email are:
"As per salary structure of our company, you will get more than 38000/- gross salary in your probation period.
After confirmation of your job you will entitled for LTA and Medical Allowance.."
I asked about detailed salary breakup they did not shown. Now I joined this company and they issued my appointment letter. After discussion over salary breakup they said employer PF is also part of your gross salary, By calculating this I am receiving less take home salary compare to previous employer, where employer PF deduction is not a part of gross salary. I understood that 38000 will be gross and PF deduction at only one side, So I accepted the offer. But after joining I got the information. Kindly suggest me what I can do for the PF deduction of employer exempted from my part or it will be adjusted somewhere else.
Thanking you all
From India, undefined
"As per salary structure of our company, you will get more than 38000/- gross salary in your probation period.
After confirmation of your job you will entitled for LTA and Medical Allowance.."
I asked about detailed salary breakup they did not shown. Now I joined this company and they issued my appointment letter. After discussion over salary breakup they said employer PF is also part of your gross salary, By calculating this I am receiving less take home salary compare to previous employer, where employer PF deduction is not a part of gross salary. I understood that 38000 will be gross and PF deduction at only one side, So I accepted the offer. But after joining I got the information. Kindly suggest me what I can do for the PF deduction of employer exempted from my part or it will be adjusted somewhere else.
Thanking you all
From India, undefined
Dear Yami,
"Gross Salary" refers to the total amount of salary payable to an employee in a given wage period as agreed in the contract of employment. Here, the term "payable" connotes the actual amount calculated at the agreed rates and payable before statutory deductions, if any. The employer's contribution to any statutory fund like the EPF,ESI,Group Gratuity Scheme or to any other Welfare Scheme like Health Insurance to employees and their families as provided for under the contract of employment, if any would not certainly form part of wages, particularly gross wages/salary by any stretch of imagination.
Now, since you've joined the organization and you are in probation period, there are two options available before you: One is meek acceptance in anticipation of career benefits in future in the same organization and the other is agitating the issue as vehemently as possible so as to make the management realize that it is a breach of contract based on misinterpretation that can lead to cancellation of the contract by yourself.
From India, Salem
6018"Gross Salary" refers to the total amount of salary payable to an employee in a given wage period as agreed in the contract of employment. Here, the term "payable" connotes the actual amount calculated at the agreed rates and payable before statutory deductions, if any. The employer's contribution to any statutory fund like the EPF,ESI,Group Gratuity Scheme or to any other Welfare Scheme like Health Insurance to employees and their families as provided for under the contract of employment, if any would not certainly form part of wages, particularly gross wages/salary by any stretch of imagination.
Now, since you've joined the organization and you are in probation period, there are two options available before you: One is meek acceptance in anticipation of career benefits in future in the same organization and the other is agitating the issue as vehemently as possible so as to make the management realize that it is a breach of contract based on misinterpretation that can lead to cancellation of the contract by yourself.
From India, Salem
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SALARY with out PF Deduction.xls