Dear ,
i need a clear cut CTC format (PF & ESI other statutory compliance cutting %) in complaince with andhra pradesh state Govt norms.
One is an administrative office, and
Second one is an software development company.
From India, Hyderabad
i need a clear cut CTC format (PF & ESI other statutory compliance cutting %) in complaince with andhra pradesh state Govt norms.
One is an administrative office, and
Second one is an software development company.
From India, Hyderabad
Dear Buchiraju,
State govt(s) does not stipulate any CTC pattern of salary to any establishment. What is prescribed by the state govt(s) under Minimum Wages Act for different categories of employees are minimum comprising Basic wages + FDA/VDA. Rest of other allowances are fixed by the respective establishments as per their HR policies. And CTC pattern are not common for every establishment as it's not compulsory though in fact they are nothing but statutory & other benefits due to employees like bonus (@ 8.33% minimum), gratuity (@ 15 days salary for every year of completed service) , employers' contribution to employees EPF a/cs etc but not payable alongwith monthly salary payments.Rates of EPF (@ 12% + 12%) and ESIC (@ 1.75% recovered from employees and @ 4.75% by employers). There are other components also which are not fixed.
From India, Bangalore
1076State govt(s) does not stipulate any CTC pattern of salary to any establishment. What is prescribed by the state govt(s) under Minimum Wages Act for different categories of employees are minimum comprising Basic wages + FDA/VDA. Rest of other allowances are fixed by the respective establishments as per their HR policies. And CTC pattern are not common for every establishment as it's not compulsory though in fact they are nothing but statutory & other benefits due to employees like bonus (@ 8.33% minimum), gratuity (@ 15 days salary for every year of completed service) , employers' contribution to employees EPF a/cs etc but not payable alongwith monthly salary payments.Rates of EPF (@ 12% + 12%) and ESIC (@ 1.75% recovered from employees and @ 4.75% by employers). There are other components also which are not fixed.
From India, Bangalore
Dear Kumar S, thanks for the info, i want to know the CTC structure with and without PF component. let us say if i offered 500000 annual CTC, please tell me the structure with PF and without PF
From India, Hyderabad
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
CTC Calculator.xls