| Clarifiation on CTC & Employer PF Dear All,
My company has different Structure OF CTC to the employees with VPP(Variable performance pay - Like incentives) amount.We pay 50% of VPP amount every Month to the employees. the remaining 50%VPP we calculate on Company GM.
When we are offering to the New Associates we offered them fixed Saalry(Basic,HRA,CA,LTA,Medical reimbursement,PFand CCA) + VPP. We are not Showing the employer PF in the CTC and while we dedcuting PF we deduct twice(Employee PF *Employer PF)from the saalry and give the take home.
Most of the employes are getting confuse about this that we are dedcuting bothe the PF's from their saalry. As per my knowledge Employer PF includes In the CTC. most of the people are not convincing about this.
So can anybody suggest me how can we change this Format with including VPP and Employer PF seperately.
Regards,
Ramesh |