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Cost to Company PA we planned to offer 3,26,424. Out of this Cost to Company component, there is no variable pay, bonus things added to the Cost to Company.
We used to deduct employee provident fund 1800 per month
also, we used to deduct employer provident fund 1800 per month .
PF contribution is the only component deducted from the Cost to Company.
Cost to CompanyPer Annam = 3,26,424
Cost to CompanyPer Month = 27202
PF contribution (both employee&employer )Per Month=3600
Net Pay per month = 23602
PFA for our payslip , which shows the gross salary per month , employee PF contribution and Net Pay.
1.My question is when we release payslip for every month , we have to mention both employee & employer PF contribution ?
2.PF contribution mentioned in the payslip should be the sum of both employee & employer PF contribution ?
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Payslip of an employee shows only the Gross Part and not the CTC part. Hence all earnings and deduction of the employees are shown in the Payslip where employer contribution is not featured.
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