Dear pon 1965,
I expect people to use language with respect to others while addressing anybody on this forum. I work with very big MNCs for more than a decade and I am aware what is happening currently while offering CTC to a candidate in the queue for job.
What I have said that Company's contribution to PF for an employee cannot be deducted from his monthly salary which is a violation of the PF Act. What is deducted from the salary is the employee's own contribution. A company includes in CTC all costs incurred by them towards an employee which include PF contribution/ contribution for gratuity and for pension also if there is a separate pension fund. Companies enjoy Income Tax benefits for these contributions and these are defenitely part of CTC but not part of monthly salary.
I expect people to use language with respect to others while addressing anybody on this forum. I work with very big MNCs for more than a decade and I am aware what is happening currently while offering CTC to a candidate in the queue for job.
What I have said that Company's contribution to PF for an employee cannot be deducted from his monthly salary which is a violation of the PF Act. What is deducted from the salary is the employee's own contribution. A company includes in CTC all costs incurred by them towards an employee which include PF contribution/ contribution for gratuity and for pension also if there is a separate pension fund. Companies enjoy Income Tax benefits for these contributions and these are defenitely part of CTC but not part of monthly salary.