Jeroo, I will try to get the salary slip without the company details to be posted here. I will do it tomorrow.
From India
11From India
Dear All,
The actual salary slip cannot be posted due to company confidentiality and hence I am posting the salary slip details here.
First Column
Basic XXXXX
HRA XXXX
Conveyance 800
Medical 1250
Flexi benefit plan XXXXX
PF employer con 2268
Total XXXXX
Second column
PF 2268
PF employer con 2268
PT 200
IT XXXX
Other deduction XXX
Gross deductions XXXX
Net pay XXXXX
Hope this will help you.
Regards
Praveen
From India
The actual salary slip cannot be posted due to company confidentiality and hence I am posting the salary slip details here.
First Column
Basic XXXXX
HRA XXXX
Conveyance 800
Medical 1250
Flexi benefit plan XXXXX
PF employer con 2268
Total XXXXX
Second column
PF 2268
PF employer con 2268
PT 200
IT XXXX
Other deduction XXX
Gross deductions XXXX
Net pay XXXXX
Hope this will help you.
Regards
Praveen
From India
Employer contribution to PF is not a part of monthly gross salary, however it can be added to the annual component while preparing CTC since it is cost which is incurred by the company towards its employee.
Regards,
Asitosh Sharrma
From India, Pune
Regards,
Asitosh Sharrma
From India, Pune
Dear Praveen,
Employer contribution of PF cannot be a part of your GROSS SALARY. It can only be considered as part of your CTC.
Pls remember that PF deduction for workers earning 6500+ basic is voluntary. You might have said Yes for this deduction at the time of joining and thus they are deducting it from your salary. However, employer share of PF can never be a part of Gross. If the above is applicable they should have shown it differently rather than showing it as a part of Gross Salary.
thanx
Sweety Singh
From India, Delhi
Employer contribution of PF cannot be a part of your GROSS SALARY. It can only be considered as part of your CTC.
Pls remember that PF deduction for workers earning 6500+ basic is voluntary. You might have said Yes for this deduction at the time of joining and thus they are deducting it from your salary. However, employer share of PF can never be a part of Gross. If the above is applicable they should have shown it differently rather than showing it as a part of Gross Salary.
thanx
Sweety Singh
From India, Delhi
i went through the contents on ESI topic and still have a doubt on it. So, perhaps some one can assist me on that front.
For ESI to be applicable should the company have atleast 20 persons & more drawing salary of Rs 10'000/- per month (gross).
OR
For ESI to be applicable, the company should have strength of 20 persons & more with few employees drawing Rs 10'000/-per month (gross).
In my company we are TTL of 20 persons in various salary range. So, will EPF will be applicable to us or ESI :?: I mightly confused on this front.
From India, Delhi
For ESI to be applicable should the company have atleast 20 persons & more drawing salary of Rs 10'000/- per month (gross).
OR
For ESI to be applicable, the company should have strength of 20 persons & more with few employees drawing Rs 10'000/-per month (gross).
In my company we are TTL of 20 persons in various salary range. So, will EPF will be applicable to us or ESI :?: I mightly confused on this front.
From India, Delhi
Dear Praveen,
In all the MNC companies normally i have seen the ctc is always inclusive of Employee pf + Employers pf as both the components are cost to the company.
That is why we have to be very careful while negotiating the package.
:)
Regards,
Sonia.
From India, Mumbai
In all the MNC companies normally i have seen the ctc is always inclusive of Employee pf + Employers pf as both the components are cost to the company.
That is why we have to be very careful while negotiating the package.
:)
Regards,
Sonia.
From India, Mumbai
Dear All,
CTC is the total cost to company.There are three parts in the salary structure.
1. Net salary i.e ur take home salary after all deductions.
2. Gross Salary
3. CTC
fROM GROSS SALARY OF THE EMPLOYEES PF CONTRIBUTION IS DEDUCTED & THAT NEEDS TO BE DISCUSSED AT THE TIME OF INTERVIEW.IT IS ALWAYS ADVISABLE TO ASK FOR UR TAKE HOME SALARY AFTER ALL DEDUCTIONS.
CTC COMPONENT MAY INCLUDE EVERYTHING INCLUDING LTA,MEDICAL REIMBURSEMENT,MEDICAL INSURANCE,CANTEEN , MOBILES ,PETROL,UNIFORM, ETC..ETC..
REGARDS
From India, Delhi
CTC is the total cost to company.There are three parts in the salary structure.
1. Net salary i.e ur take home salary after all deductions.
2. Gross Salary
3. CTC
fROM GROSS SALARY OF THE EMPLOYEES PF CONTRIBUTION IS DEDUCTED & THAT NEEDS TO BE DISCUSSED AT THE TIME OF INTERVIEW.IT IS ALWAYS ADVISABLE TO ASK FOR UR TAKE HOME SALARY AFTER ALL DEDUCTIONS.
CTC COMPONENT MAY INCLUDE EVERYTHING INCLUDING LTA,MEDICAL REIMBURSEMENT,MEDICAL INSURANCE,CANTEEN , MOBILES ,PETROL,UNIFORM, ETC..ETC..
REGARDS
From India, Delhi
Thank you Mr. Akhil... :D
Dear New Entrant.. The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maximum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Hope now it must be clear with you..
Regards,
Amit Seth.
From India, Ahmadabad
Dear New Entrant.. The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maximum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Hope now it must be clear with you..
Regards,
Amit Seth.
From India, Ahmadabad
Thank you! Amit,
It has cleared my doubt. I have another query. the company has just completed 1 yr & has right now strength of 20 people, it doesn't have ESI or EPF arrangement as of now. They will start with it by this month. But
- 20 person strength was arrived at in the month of Oct'07. Do we pay penalty :?:
- since, we have 20 persons with us- should be we go for ESI or EPF :?:
- which one would be applicable for us ESI or EPF ?
Thanks in advance. Regards /
From India, Delhi
It has cleared my doubt. I have another query. the company has just completed 1 yr & has right now strength of 20 people, it doesn't have ESI or EPF arrangement as of now. They will start with it by this month. But
- 20 person strength was arrived at in the month of Oct'07. Do we pay penalty :?:
- since, we have 20 persons with us- should be we go for ESI or EPF :?:
- which one would be applicable for us ESI or EPF ?
Thanks in advance. Regards /
From India, Delhi
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Gross Salary(1).xls