Contribution of pf hi all i have a querry buzzing my mind... always... can anyone really help me out of this.. it is related to PF. now when we get employed our employer very wonderfully says/informs/gives[..] 5 Replies
Salary breakup annexure / pay slip clarification Hi All We are following the concept of CTC in our organisation and the main components of the same are: 1. Basic salary 2. HRA 3. Medical 4. Transport allowance 5. Compensatory[..] 3 Replies
Employer pf contribution Hello I just have a question and doubt that’s being in my mind since a long time. I wanted to know if the employer contribution of PF i.e. 12 on Basic[..] 4 Replies
Pf contibution of employer Hi friends Please let me know the details in process of salary breakup. Acc to law min 12 of PF should be contributed by employer as well as the employee. In payslip[..] 3 Replies
Employee and employer contribution Hi I am ammu. What is the meaning of employer and employee contribution? Difference between employer and employee contribution?Is employer contribution is mandatory? 1 Replies
Both employer and employee contributions to pf are the components of CTC only. You can deduct 24% of basic+da+Cash value of food concession+retaining allowance if any from the employee ctc.
as per my knowledge basic and da should be 50% of the monthly salary and hra is 40% of the basic and da (conveyance could be 800 and medical allowance 1250 more than that is taxable)and the remaining you can split into special allowances. i am not very sure if there is any wrong seniors do correct me
if it is CTC break up varies from company to company.
These days few companies are including VPP(Variable performance Pay) like Incentives are including in the CTC. If we are including the VPP then what about the Employer PF. Do wee need to show it to the employees in the CTC.
Hi
Pinki.As per my company policy ctc includes.
HRA.CONVEYANCE.EDUCATION.KIT ALLOWANCES.FITMENT.MEDICAL ALLOWANCES.BONUS.EVEN INSURANCE.PF. ETC ...........
