Rdsyadav
Educator, Management Consultant & Trainer
Prathapsvumba
Hr Executive
Nathrao
Insolvency N Gst Professional
Riteshmaity
Labour Law Advocate
Amanali7555
Software Engineer
+3 Others

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My concern is that my in my salary sleep my ctc is 25500 my gross is 24000 and pf is 1512 of the basic salary 12600. But company is paying me only 22500 and when i asked about it they told my that your 3000 is saving in PF account. Now where is employer contribution. Please help me what should i do
Salary Breakup
Monthly
Basic
12600
HRA
5000
Convenyance
1600
Medical Reimbursement
1250
Special Allowances
3550
Monthly Gross
24000
P.F.
1512
ESI
0
CTC
25512
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Do not get mixed with CTC and salary in hand.
Your gross is 24000 reduce your PF 1512 and the makes it 22500 (apps)
Check your PF slip to see how much is being credited to your PF a/c.
See what is being credited on employers side and employees side.
The figures you have shown does not give indication that employers contribution to EPF is being deducted from your salary.
Seek clarity for any doubt from your Accounts department.
Dear aman,
please the below mention working sheet as per your available data.
Employee Part

Basic 12600
HRA 5000
Conveyance 1600
Medical 1250
Spl Allowance 3550
Total Gross 24000

Deduction part
PF Employee 1512
Take Home Salary 22488
Employee Part

Basic 12600
HRA 5000
Conveyance 1600
Medical 1250
Spl Allowance 3550
Total Gross 24000


PF Employeer 1512
CTC 25512
It seems both the employer and employees share is considered while fixing the CTC.
Please check www.labourlawhub.com for more information.
Mr Amanali Your Company is following CTC Concept that is the reason Employer will deduct both the PF amounts i.e both employee and employer PF.
As you said that present Basic is 12600 the deduction will be like this
PF =12600*24% =3024
Dear Amanali,
Your CTC - 25512, Gross Salary + Employer PF = CTC (In your Case)
From Your Gross Salary -24000 - Employee PF will be deducted i.e - 1512
So your Net/Take Home Salary - 22488,
As your Management told, Employee+Employer Contributions will be in PF & Pension account - 3024/-.
CTC - Cost to Company, you can consider your salary as Gross Salary.
Hope it is clear. If you still have any queries in this. Please let me know.
Thanks & Regards
T.Prathap
Senior Executive-HR,
Narayana Health, Bangalore,
9491771437.
Dear Mr Ali,
Your gross salary is correct. PF @12% on Rs.12600 ie Rs. 1512 recovered from your salary is also deposited together with employer's share by your employer which you can also check.
SALARY SLIP IS PROOF THAT SHOWS YOUR EARNINGS AND DEDUCTIONS ONLY
Regds,
RDS Yadav
DIRECTOR,
NAVTARANGHRS@GMAIL.COM
Dear,
You should know the meaning of CTC first. CTC means cost to company, the cost/expenses that is company is spending on you. I assume at the time of salary discussion the HR might told you about your compensation given to you as CTC. If your basic salary is more than 6500 you are not eligible for EPF. It's whole discretion of employer to provide you the EPF if you opt for it. If you don't savings/tax benefits/retirement benefits you can opt out EPF by expressing your concern and filling form 11 (Read carefully EPF opt out rules).
Hello Amanali, Your CTC is 25512 which includes deduction of PF of both Employer and Employee and as you know that PF is calculated on Basic salary(DA,if any) , so PF=12,600*12% which comes Rs1512, this PF contribution is part of you Gross Salary. To calculate In Hand salary,formula goes GROSS SALARY-DEDUCTIONS(PF,ESI(Employee Contribution)) so your In hand salary comes out to be Rs22500 approx. Employers contribution of 12% TO pf and Pension is part of CTC.
Hope i was able to resolve your issue.
Thanks&Regards
Tanya Bajaj.
Dear Sir
PLease go through your salary break-up.
Basic Salary 12600
Alowances 11400
Gross Salary 24000
EE EPF @ 12% 1512 Deduction
Take Home 22488

ER @ 13.36% 1683.36
Total CTC 25683.36

Total Monthly EPF Saving 3195.36
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