Hi,
I have got an offer for a company in bangalore. This company supplies candidates to major IT Companies like (IBM, HP, CAPGEMINI,...).
In the offer letter they have mentioned the below
"The remuneration payable to you would be on a Cost to Company basis a sum of Rs 14,000/-(Rupees|
|Fourteen Thousand Only ) per month".
Also they said i will be getting 13k in hand per month and the remaining 1k will be deducted for PT and ESI.
I am confused with this. Can anyone clarify me regarding the above details. Is this the correct way to give offer? Also wont there be components like PF/HRA/DA,....
Pl Clarify at the earliest.
Rgds,

From India, Madras
Hello Manivel,

Every company have their own ways of giving the Offer Letters.

What finally matter-and ought to matter to the individual-are the details.

I presume you meant 'PF' (Provident Fund) when you mentioned 'PT'. The figure of 13 K is what you should be considering if you like the Offer & further while doing your financial planning on a monthly basis. Out of the 1 K that they are deducting, the amount for the PF will come back to you later--IF they are actually remitting it into your PF account with the PF Commissioner. Pl see other relevant threads in CiteHR to give you more clear idea about this aspect. Every Employer who deposits the individual amounts into the respective PF accounts gives the Statement to the employee--this will act as a proof that the Employer has indeed deposited the amount deducted from your salary AND your PF account is active AND also give you your PF account number clearly mentioned.

ESI is not something that comes back--that's a facility being provided by the Govt for medical purposes.

Hope that clarifies your queries.

Rgds,

TS

From India, Hyderabad
Dear Manivel,
if company is giving you 14000/- there will be deduction of PF,ESI & Professional Tax. so, find what is ur Basic salary.bcoz for PF company consider ur basic+DA and for ESI ur gross salary. and about professional Tax. it is Rs.200/- becoz up to 10000 it is 175, & above 10000 it is fix 200/-.
hope that clarifies ur qur
Regards,
Ashok

From India, Kolhapur
Hi , I have enclosed a simple excel format about the CTC calculation .Just enter the CTC you will get the Gross Salary.
The PF and the ESI part and other emoluments will be normally deducted before arriving the Gross salary.
Regards,
Mathi

From India, Chennai

Attached Files (Download Requires Membership)
File Type: xls CTC calculation.xls (18.0 KB, 1983 views)

hi
since its a placement consultancy that you have been made an offer from, there won't be a proper salary structuring. also c if the cmpny/ cnsltncy prvdes u wid the salary details( ctc brk ups alng wid basic n max earning potential) alng wid the selection letter. if it is provided, then u can consider the offer.
rgrds
Tejaswini acharya

From India, Bangalore
Instead of checking with others and gathering different views and opinions, simply ask your employer to give break-up of your CTC. It will answer all your doubts authentically.
From India, Pune

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