Hi All,
Could anyone please tell me answers for the following :
1 What is/ are the difference/s between CTC & Gross Salary, & what PF has got to do with it ?
2. What are the usual salary components of a White Collared Employee especially which definitely has to be included in the salary?
3. What are the taxable salary components of a white & blue collared employee & to what limit?
4. Is E.S.I also applicable to White Collared employee or it is meant for Blue collared employees only. If yes, then what is the contribution & the limit ?
5. What is the maximum used performance appraisal method prevelant in the Companies for the White Collared Employee apart from 360 appraisal?
6. Also request if anyone of could send me the format of 360 degree appraisal form?
Plaese help me out with the answers
Prashant
From India, Delhi
10Could anyone please tell me answers for the following :
1 What is/ are the difference/s between CTC & Gross Salary, & what PF has got to do with it ?
2. What are the usual salary components of a White Collared Employee especially which definitely has to be included in the salary?
3. What are the taxable salary components of a white & blue collared employee & to what limit?
4. Is E.S.I also applicable to White Collared employee or it is meant for Blue collared employees only. If yes, then what is the contribution & the limit ?
5. What is the maximum used performance appraisal method prevelant in the Companies for the White Collared Employee apart from 360 appraisal?
6. Also request if anyone of could send me the format of 360 degree appraisal form?
Plaese help me out with the answers
Prashant
From India, Delhi
Hi Prashant,
Gross Salary- Taxes-PF = Net Salary
Usually the term Gross Salary is interchangable with CTC which includes PF and other benefits like health insurance premuim etc.
Please see the section in compensation for detailed break up.
ESI is meant for those who draw less than gross salary of Rs 7500 p.m. and the contribution is 1.75% & 4.75% from the individual & company respectively. Employees in receipt of a daily average wage upto Rs.40/- are exempted from payment of contribution.
Contribution Period and Benefit Period
There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration as under.
Contribution period Corresponding Cash Benefit period
1st April to 30th Sept. 1st January of the following year to 30th June.
1st Oct. to 31st March 1st July to 31st December of the year following
5. What is the maximum used performance appraisal method prevelant in the Companies for the White Collared Employee apart from 360 appraisal?
Pls see the section under PA.
Cheerio
Rajat
From India, Pune
Gross Salary- Taxes-PF = Net Salary
Usually the term Gross Salary is interchangable with CTC which includes PF and other benefits like health insurance premuim etc.
Please see the section in compensation for detailed break up.
ESI is meant for those who draw less than gross salary of Rs 7500 p.m. and the contribution is 1.75% & 4.75% from the individual & company respectively. Employees in receipt of a daily average wage upto Rs.40/- are exempted from payment of contribution.
Contribution Period and Benefit Period
There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration as under.
Contribution period Corresponding Cash Benefit period
1st April to 30th Sept. 1st January of the following year to 30th June.
1st Oct. to 31st March 1st July to 31st December of the year following
5. What is the maximum used performance appraisal method prevelant in the Companies for the White Collared Employee apart from 360 appraisal?
Pls see the section under PA.
Cheerio
Rajat
From India, Pune
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