hi,
In our company only Professional tax was deducted from the gross salary.
Now due to change in the Company name and Functioning there has been a drastic change in the salary Structure and we have HRA, Medical Allowance, LTA, PF etc, to accomodate these changes the company has modified the structure in such a way that it fits into our current Gross Package.
Due to which:
1) Basic Salary is reduced hence our Take Home is reduced.
2) Both the Employee Contribution and the Employer Contribution to PF is deducted from our Package.
3) LTA is deducted from our package.
Basically all the deductions are made from our package. This is publicly declared in the office through mails to all the employees. This is the time of Increment Since we are a MNC the increments are done in the month of January but, there is no communication on paper regarding Increment till date but, decrement is already declared on paper.
Just wanted to know whether this is all correct is there any way to make them explain that people have monthly commitments and all these amounts which are deducted from our salaries will be given back to us at the end of the Financial Year and deductions like Medical Allowance could be claimed in every three months after providing them with the bills. LTA could be claimed once in two years after providing them with the Travel Tickets.
Kindly shed some light on this and help us.
Thanks & Regards
Vasim Shah