Hi All, I got apprisal in may. And I got Monthly CTC as Rs.14000/- My monthly deductions are Rs.1201/- But still I got salary RS.11420/- can this be happened.
From India, Mumbai
From India, Mumbai
Dear Pournimag
You are here talking about monthly CTC, where generally PF is shown employer contribution as part of CTC. If you remove Employer PF, you will come to figure of your Monthly Gross salary, and from this if you deduct PF employee you will get Net take home
Check you payslip with all allowances.
From India, Mumbai
18You are here talking about monthly CTC, where generally PF is shown employer contribution as part of CTC. If you remove Employer PF, you will come to figure of your Monthly Gross salary, and from this if you deduct PF employee you will get Net take home
Check you payslip with all allowances.
From India, Mumbai
Daer Senior, Can u teach me d method/process of calculateing the payroll and how it is process. Tks Sathya D
From India, Madras
From India, Madras
Hello, Generally company calculate CTC adding co\'s contribution to PF also. So in calculating your take home you have to deduct your contribution and co\'s contribution from CTC. Regards kpn
From India, Chennai
From India, Chennai
You must be getting a pay slip/salary slip i suppose. All the deductions, additions, gross, net salary is mentioned in the pay slip. If you are not getting the pay slip, you can go to HR and ask for the break up of your salary.
Regards,
Swapna
From India, Ahmadabad
Regards,
Swapna
From India, Ahmadabad
It can be assumed that the calculation will be as under
Basic : 7000
Gross : 12621
EMPLOYEE PF Contribution : 840
EMPLOYEE ESI Contribution : 221
EMPLOYERS ESI Contribution : 599
EMPLOYERS PF Contribution : 780
PROFESSIONAL TAX : 140
If your professional tax is 20 only then your basic will be 8000 and your PF contribution will be 960 instead of 840
Kindly give the breakup of the deduction to give you a clear picture
From India, Ahmadabad
Basic : 7000
Gross : 12621
EMPLOYEE PF Contribution : 840
EMPLOYEE ESI Contribution : 221
EMPLOYERS ESI Contribution : 599
EMPLOYERS PF Contribution : 780
PROFESSIONAL TAX : 140
If your professional tax is 20 only then your basic will be 8000 and your PF contribution will be 960 instead of 840
Kindly give the breakup of the deduction to give you a clear picture
From India, Ahmadabad
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