Human Resource01
Pls clarifiy if Employee contribution towards ESI,PF and Leave Encashement taken for calculation of CTC?
From India, Chennai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Umakanthan53
Labour Law & Hr Consultant

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



umakanthan53
5883

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

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server