Dear Kethan Please see the notification also about the ESI limit from 01.05.2010 Murali
From India, Gurgaon
Acknowledge(0)
Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
Dear Friend,
Is this your payslip?
My CTC is 7500 per month. My Basic is 7143. Deductions are as follows: PT: 80, GMC: 530, ESIC: 125 (1.75% of 7143). Therefore, my Net amount is calculated as Basic - (PT + GMC + ESIC), i.e., 7143 - (80 + 530 + 125) = 6408. Is the above calculation correct?
The CTC structure they provide is 7143 + 356 (4.75% of 7500) = 7500 per month. However, this calculation is incorrect. An employer can include the employer's contribution for PF in your CTC. They can add the employer's contribution of PF (12%) in your CTC. CTC stands for the cost to the company, which is a benefit for you and you can withdraw that amount. On the other hand, you cannot withdraw the ESIC amount. Your actual gross amount is 7143.
Thank you.
From India, Madras
Acknowledge(0)Amend(0)
31Is this your payslip?
My CTC is 7500 per month. My Basic is 7143. Deductions are as follows: PT: 80, GMC: 530, ESIC: 125 (1.75% of 7143). Therefore, my Net amount is calculated as Basic - (PT + GMC + ESIC), i.e., 7143 - (80 + 530 + 125) = 6408. Is the above calculation correct?
The CTC structure they provide is 7143 + 356 (4.75% of 7500) = 7500 per month. However, this calculation is incorrect. An employer can include the employer's contribution for PF in your CTC. They can add the employer's contribution of PF (12%) in your CTC. CTC stands for the cost to the company, which is a benefit for you and you can withdraw that amount. On the other hand, you cannot withdraw the ESIC amount. Your actual gross amount is 7143.
Thank you.
From India, Madras
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.