Pls clarifiy if Employee contribution towards ESI,PF and Leave Encashement taken for calculation of CTC?
From India, Chennai
From India, Chennai
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Dear friend,
No one should have any doubt that the meanings of the abbreviation " C.T.C " and the phrase " employee contribution " respectively are not at all incomprehensible to any one particularly a HR. I am afraid that there is an inadvertent typographic error in your draft. If not so, for heaven's sake, how the statutory contribution periodically deducted from the salary of the employee by the employer and remitted over to an external agency on his behalf would add to the cost of the company?
On the other hand, leave encashment being an expense incurred by the employer would add up to the C.T.C.
From India, Salem
5883No one should have any doubt that the meanings of the abbreviation " C.T.C " and the phrase " employee contribution " respectively are not at all incomprehensible to any one particularly a HR. I am afraid that there is an inadvertent typographic error in your draft. If not so, for heaven's sake, how the statutory contribution periodically deducted from the salary of the employee by the employer and remitted over to an external agency on his behalf would add to the cost of the company?
On the other hand, leave encashment being an expense incurred by the employer would add up to the C.T.C.
From India, Salem
PF Contribution ON Leave Encashment.pdf