Sr. Hr Executive
Pan Singh Dangwal
Trainee Officer - Hr
Legally it is not allowed to deduct PF contribution from both side from the employees salary.
4th September 2017
Please help me with this..
15th September 2017 From India, undefined
Employer's part of PF contribution is part of cost to company and it is mentioned in CTC breakup. Employee's part of contribution will be mentioned in gross salary. Gross Salary is what employee earns for payable days for the month and CTC is what company bears for that employee.
15th September 2017 From India, Ahmedabad
For EPF Employee Contribution is 12%
Employer Contribution is 13.15
ESIC EE Contribution 1.75%
You can show the Employees contributions like ( EPF 12% % ESIC -4.75% only the cost cutting by the Baic ). Then Employer Contribution you make it in the Company cost - and also you can pay according to their No. of working days.
15th September 2017 From India, Chennai
Let me explain the matter in detail. All the above comments ca be true, that depends upon what is gross payable salary is considered by the employer.
The CTC sheet generally splitted into two parts.
1 - Month Payable Salary (Containing all payable emoluments like Basic, DA, HRA, Allow. Incentives etc. of which only deductions made like PF, ESI, PT, Absent days, advance etc.).
2 - Gross Salary (containing employer's contributions towards PF, ESI, PT, Annual Bonus etc.).
While processing the salary if No. 1 salary is considered than employer PF contribution should not be deducted, but if the gross salary processed as per 2, than employer PF Contribution can be deducted.
I would like to give the proper breakup to your CTC and detail of your monthly salary, than only fellow member can give correct (desirable) comment on it.
15th September 2017 From India, Delhi