29th August 2018 From India, Madras
29th August 2018 From India, Bhopal
As CTC has no legal status, therefore it is not mandatory to show CTC in Pay Slip. If any employer in the appointment order mention CTC without any break up, it is not not a good HR practice. There must be proper transparency in the appointment order. Moreover, Payslip is prepared on the basis of monthly gross salary- earning side, deduction side and net salary. Pay Register has also nothing to do with the CTC. CTC is management internal control and proper explanation to the employee about the break up. It is vary from organization to organization.
If you have any further query, please contact me.
Thanks & Regds.,
S K Bandyopadhyay
USD HR Solutions,
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
29th August 2018 From India, New Delhi
It is not mandatory to show CTC on Payslip. Although while issuing the appointment order after mentioning CTC employer usually attach the annexure of salary breakup in which everything is mentioned on monthly and annual basis. Please know this that PF & ESIC contributions depends on Basic and Gross respectively therefore they tend to change with the change in salary. But you can always check your contributions through govt. portals.
PF deduction is equal to 12 % of (Basic + DA) and ESIC is 1.75 % of Gross.
Hope this helps.
3rd September 2018 From India, Pune