Management Consultancy
Hr Executive
Hr Executive
Vijay Kumar_2
Sr Exe Hr
Insolvency N Gst Professional

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Dear All,
With reference to the captioned subject, I would like to have clarity that how we are going to break up the CTC of INR 252000 yearly when we have pf and esic as a deducted components? Can we calculate the ESIC on CTC which includes other benefits like pf, bonus, gratuity, earned leaves?
Request you to share your suggestions for making me understand more about this.
Vijay kumar

ESI and PF deductions are based on the actual salary drawn in a month. They are not related to CTC but CTC would include the contribution made by the employer towards PF & ESI
ESIC contribution are based on Total earning gross salary and PF are based on total earning basic salary...
ESIC deduction are based on monthly salary. it is not calculated on CTC.
ESIC would be calculated on gross salary (monthly) & PF would be deducted on basic salary+DA.
Contribution – Employee's State Insurance Corporation
As Hr person ,it is important to gen up on ESIC,EPF,Leave rules, working hours limits,Over time etc.

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