Hi,
I think in Mr. Bijesh's case, there is no classification of employees. So, while deductions are made, they are done for all employees, and deducting Medical reimbursement & LTA is useless because the employee doesn't fall under the IT purview. So, if not claimed, I think they must return it at the end of the financial period.
I also very much agree with Mr. Madhu.
In CTC, you can mention employer contributions like ESI, EPF, and bonus, which have to be given, but they may vary. However, other benefits like Medical Allowance & LTA must be mentioned as other benefits because if the employee wants to claim them, then he/she can avail of the benefits, and if not, the management can deduct the TDS as per the available source.
Regards,
Ramnath
From India, Bangalore
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10I think in Mr. Bijesh's case, there is no classification of employees. So, while deductions are made, they are done for all employees, and deducting Medical reimbursement & LTA is useless because the employee doesn't fall under the IT purview. So, if not claimed, I think they must return it at the end of the financial period.
I also very much agree with Mr. Madhu.
In CTC, you can mention employer contributions like ESI, EPF, and bonus, which have to be given, but they may vary. However, other benefits like Medical Allowance & LTA must be mentioned as other benefits because if the employee wants to claim them, then he/she can avail of the benefits, and if not, the management can deduct the TDS as per the available source.
Regards,
Ramnath
From India, Bangalore
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