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Anonymous
I recently change my Job. As per new salary my basic is 38,333 ₹. As per their CTC bifurcation, They are deducting 4600₹ from my Gross salary (38333*12%), They are also going to credit the same (4600₹) from their side. My current Basic Salary 21600₹, but still they are only deducting (15000*12%) 1800₹.
So I want more take-home, So Is it possible to reduce 4600₹ to 1800₹ only? How?

From India, Anand
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Saswatabanerjee
Partner - Risk Management
Nanu1953
Ceo-usd Hr Solutions
Hr-revolution
Hr Consultant

nanu1953
334

To get more take home salary, you are ready to accept less savings. You may approach to your new employer and if they agree as per Co's policy, it may be possible. But if you contribute on 15,000/- Basic i.e 1800/- per month PF contribution then the organization will also contribute 1800/- per month instead 4600/- per month. Therefore, there is a net loss of (4600 - 1800 = 2800) per month. Choice is yours.
From India, New Delhi
atmiya-vaghela
Thanks for prompt answers.
Actually I am getting package with the CTC. From the CTC, Total they are deducting 9200 ₹ (employee and employer share).
Yes you are right, I have talked with them to deduct only 1800 both the side. So ultimately I can increase take home by 5600₹.. but they said as per their Co's Policy that is not possible.
Is there any legal document available? So based on that I can request them to deduct only 1800 ₹ both side.
Thanks in advance.

From India, Anand
hr-revolution
31

@ Atmiya-Vaghela, no legal document available for the same, as company is not violating any LAW. It is completely depend on the company policy.
From India, New Delhi
saswatabanerjee
2383

Your understanding of the concept of CTC is wrong.
If you are saving their money by not taking more PF, it is not that they are going to pay the balance money to you.
CTC is potential cost to company, not actual payout

From India, Mumbai
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