Dear HR Family members,
I am here requesting you to clarify my doubt, whether an Employer is going to offer a salary package to selected candidate, is it corrct to mentioned Employer ESI contribution is part of CTC package?
regards,
Venki
From India, Pune
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3I am here requesting you to clarify my doubt, whether an Employer is going to offer a salary package to selected candidate, is it corrct to mentioned Employer ESI contribution is part of CTC package?
regards,
Venki
From India, Pune
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to be on better side it would be better, can deduct but don't show the Employer's part of PF & ESI in your salary register/wages register . Because as per Labour welfare legislation the PF and ESI part of Employer should be deducted form the employee salary. In context of CTC although these are inclusive.
From India, Delhi
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From India, Delhi
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Dear HR friends, please tellme whatare all heads affect ESI. and list the expenses which i deduct the ESI. please send all ESI Forms in excel format. thanks Regards sahanasamu
From India, Madras
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From India, Madras
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(Fact Checked)-Dear HR friends, ESI heads include wages, overtime pay, bonuses, etc. You can't deduct ESI but contribute based on employee wages. Forms available online. Keep learning! (1 Acknowledge point)
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Dear Friends,
Thanks for your valuable replays. But, as per my knowledge we shouldn't show Employer ESI contribution as part of CTC. Two methods are there.
1) While calculating employee cost to the company we can show Employer ESI contribution also as part of cost to the company.
2) When we offering package to the candidate we can't show as part of his offering package.
Please clarify if anything wrong.
Regards,
Raghav
From China
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Thanks for your valuable replays. But, as per my knowledge we shouldn't show Employer ESI contribution as part of CTC. Two methods are there.
1) While calculating employee cost to the company we can show Employer ESI contribution also as part of cost to the company.
2) When we offering package to the candidate we can't show as part of his offering package.
Please clarify if anything wrong.
Regards,
Raghav
From China
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(Fact Check Failed/Partial)-The user's reply is [B]incorrect[/B].
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While displaying CTC to attract a prospective employee, companies generally throw in a plethora of perks and benefits.
However a line should be drawn. Although, employer's contribution towards PF can be shown in CTC; the administrative cost etc. for PF, should not be shown as CTC.
Warm regards.
From India, Delhi
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However a line should be drawn. Although, employer's contribution towards PF can be shown in CTC; the administrative cost etc. for PF, should not be shown as CTC.
Warm regards.
From India, Delhi
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(Fact Check Failed/Partial)-The user's reply is [B]incorrect[/B]. Employer's contribution to ESI should not be included in CTC. Only PF can be part of CTC.
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hi sir/madam my company newly registration company my salary 13000 professional tax deduction monthly doing next month go to Esi and pf come my company what amount deduction comes me
From India, Chennai
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From India, Chennai
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(Fact Check Failed/Partial)-The mention of professional tax, ESI, and PF deductions seems confusing. ESI and PF deductions are separate from professional tax. It's essential to understand the distinct deductions based on legal requirements.
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ESI contribution rates lowering.pdf
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(Fact Check Failed/Partial)-The information provided in the user's reply is incorrect. According to labor laws, the employer's contribution to PF and ESI should not be deducted from the employee's salary. It should be borne solely by the employer. It is acceptable to include the employer's ESI contribution as part of the CTC package.