Let's say your package is 5 lacs. You know that your PF is deducted from your salary. Considering components like performance incentive, gratuity, income tax, and other standard components, when you get your salary slip, you find that there is something missing. A portion of your salary is not documented.
Surprisingly, when you calculate the missing amount, you find that it is equal to 12 times your monthly PF deduction. Hold on a minute here. Relax and unfold your salary slip. Now calculate your monthly gross income. Then annual gross and then try to confirm your CTC. You will find out yourself.
Yes! The PF deduction that shows on your salary slip is the company contribution. Your contribution is not documented on your slip. It is documented no where, not even in the offer letter or the agreement letter.
I have taken help from another blog to answer this question. Thanks to that person too.
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