KK!HR
Management Consultancy
Srinath Sai Ram
Hr Manager
Siddiquiasna
Associate- Human Resources
+1 Other

#Anonymous

Dear respected members, My company is a 3rd party company, which provides quality services to other big companies.( manpower)
So i am an employee and my CTC mentioned in my appointment letter is Rs 10739/-
They pay me Rs 7980/- in hand.
And in my salary slip it shows Basic salary as Rs= 8450/-
If i calculate 12% of Basic or CTC. And 1.75% for ESIC .
Then also my in hand salary will be more then Rs 7980/-
They are cutting both employees and employers contribution of EPF and ESIC from my salary. If asked they says we are 3rd party company. So we cut both from your salary as the contract company doesn't pay you Epf and Esic.
So I request all members to please , please let me know if they are correct or what can be done in above scenario. Or they are cheating.
Please go through the above post in detail.
Thank you all.
13th December 2017 From India, Chennai
Employer is authorized to include employer Pf & ESI contribution to employee CTC There is nothing illegale in it
13th December 2017 From India, Pune
Employer cannot deduct employer's epf share from your gross salary. However, employer can include in CTC not in gross part. Same as in ESIC
14th December 2017 From India, Kolkata
CTC is only suggestive, what it conceals is vital, as the saying goes. CTC does not reflect the salary being received.
14th December 2017 From India, Mumbai
I agree with others, employer can show PF contribution as a benefit in your CTC. It does not mean it should be paid to you only as a monthly salary, it can even be paid to you through PF or ESIC. Benefit is all yours.
14th December 2017 From India, Hyderabad
Dear Anamika, please upload your CTC Structure, Pay Slip & applicable Minimum Wages.Please also furnish about your Employment details like Designation, Nature of Job, Type of Industry etc
vague questions not supported by Documents will not suffice, unless you are serious about valid reply
14th December 2017 From India, New Delhi
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™