Hi everyone my name is HARISH & Im from vadodara recently I joined some pvt ltd company as an officer. My gross salary per month is 8138 & after deducting Rs 700 as bonus, 420 as PF & Rs 318 as ESIC (all these are Employer Contribution) I should get 6700 as a net salary.
But they just paid me Rs 6083 as a net salary the reason is, they deducted Rs 420 as pf , Rs 117.25 as ESIC & Rs 80 as professinal tax from 6700.
My query is that is this lawful because what my appointment latter is showing Im not getting that much.
Pls tell me wether I shud get 6700 or 6083.
salary breakup is attached for ur reference.
From India, Mumbai
But they just paid me Rs 6083 as a net salary the reason is, they deducted Rs 420 as pf , Rs 117.25 as ESIC & Rs 80 as professinal tax from 6700.
My query is that is this lawful because what my appointment latter is showing Im not getting that much.
Pls tell me wether I shud get 6700 or 6083.
salary breakup is attached for ur reference.
From India, Mumbai
Hi Harish, please forward your salary slip attachment so that we can get a clear idea for your in hand salary.
From India, Pune
6From India, Pune
Dear All, I have attached my salary break up. pls look into it & advise me what shud be my take home salary. Regards Harish
From India, Mumbai
From India, Mumbai
From seeing your salary breakup, your carry home salary of Rs 6083 seems correct.
No offer will indicate deductions under Tax laws. It also will not indicate decductions
Under PF and ESI.
What your organisation is doing is legally correct
Sivasankaran T
From India, Chennai
No offer will indicate deductions under Tax laws. It also will not indicate decductions
Under PF and ESI.
What your organisation is doing is legally correct
Sivasankaran T
From India, Chennai
This salary break up is given for your reference but it is not payslip. The payslip should be indicate all earnings and deductions.
From India, Pondicherry
From India, Pondicherry
Dear Harish,
CTC means cost to company which when issuing offer letter all the deductions on the part of the employer is added as a part of CTC. This is a way of luring candidates to join them. However, as prospective candidate you should always refer to the net salary mentioned on the offer letter which includes your salary after all the statutory deductions like PF, PT, ESIC etc..
as per the attachment the company's CTC is Rs. 8138. that means the company is paying all these statutory components to the various statutory authorities. Bonus will be paid in the month of Oct or Apr as per the company's policy. when calculating your net salary you should consider Basic+DA+HRA+Conveyance+Medical Allowance+Special Allowance etc... from this gross salary deduct the statutory deductions like PF, ESIC, PT & Income tax if applicable. the remaining balance is your in hand/Net salary.
in your case add 3500+1600+ 1600 = 6700 minus (PF - 12% of basic+da, ESIC - 1.75% of gross salary & Prof Tax) i.e. (420+117.25+80) so your in hand salary will be 6083. hope this clarifies your query.
From India, Mumbai
CTC means cost to company which when issuing offer letter all the deductions on the part of the employer is added as a part of CTC. This is a way of luring candidates to join them. However, as prospective candidate you should always refer to the net salary mentioned on the offer letter which includes your salary after all the statutory deductions like PF, PT, ESIC etc..
as per the attachment the company's CTC is Rs. 8138. that means the company is paying all these statutory components to the various statutory authorities. Bonus will be paid in the month of Oct or Apr as per the company's policy. when calculating your net salary you should consider Basic+DA+HRA+Conveyance+Medical Allowance+Special Allowance etc... from this gross salary deduct the statutory deductions like PF, ESIC, PT & Income tax if applicable. the remaining balance is your in hand/Net salary.
in your case add 3500+1600+ 1600 = 6700 minus (PF - 12% of basic+da, ESIC - 1.75% of gross salary & Prof Tax) i.e. (420+117.25+80) so your in hand salary will be 6083. hope this clarifies your query.
From India, Mumbai
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