PF Related Query In CTC

Dear All,
I have query related to PF in salary structure,
Salary Break is:
Part A: Basic+HRA+LTA+Other Allowance+Medical+Other Components
Part B: PF(Employer Contribution)+ESIC (Employer Contribution)
Part C: PF(Employer Contribution @ 12%)+ESIC (Employee Contribution @ 1.5%)+TDS+Professional Tax+Group Insurace+Other Componants
Now, CTC is : PART A+B-C where A+B is refers to Gross and A+B-C is Take home.
Now I am unable to understand that, in Part B PF and ESIC (both employer contribution) should i consider as 12% or 13.61%(12%+0.5%+1.1%) for PF and ESIC 5%(4.5%+0.5%) to calculate CTC.
Kindly give suggestion.
Thanks in advance,
Regrads,
Pradyumna

Part B will consist in CTC
PF 12% Employer Share
ESIC 4.75% Employer Share
Cost of adminstartion of scheme if any ( PFR & ESIC) is not for any particular employee so it cant be part of CTC for any employee
Be Clear
P K Mishra

Dear Mishra,
Thanks for solution,
please can you answer my another question, "how the basic is fixed?" and question pertaining to above CTC structure,
is the break up are correct in CTC.
Regards,
Pradyumna

CTC means cost to the company so all the costs that the employer has to bear in providing employment constitutes part of CTC. Hence in part B you should consider 13.61% for Pf and so on.

Hi
Please can any buddy can tell me,if a company is managing its own PF a/c which includes whole employee's contribution(12%) and 3.67 % of employer's contribution.and rest 8.33% of employers contribution is submitted to PF authorities.Is this procedure is legally right.and if yes then how an employee will get his 8.33%.

Hello,
PF 12% & ESIC 4.75% is part of the CTC as both the parts are contributed by the employer. The employer not used to take administratives cost from the employee for PF. Secondly, the PF is divided into 2 parts i.e. PF & Pension, in PF {12%(Employee)+ 3.67% (Employer) = 13.67%} whereas in PENSION 8.33% (Employer) is submitted in every employees account. At the time of withdrawl, PF authorities issue 2 seperate cheques for both PF & Pension.
Further, in few companies LTA,Medical,Bonus,Personal Accident, Mediclaim & Gratuity cost are also part of CTC.
As standard pratice Basic 40% of the total CTC.
Thanks,
SG

Hi,
We are agreed with the arguments of Mr NK Tiwari.
Jyotsna, could you clarify that the PF at your co managed by a trust ?
-------------------------------------------------------------------------------------------------------------------

Dear All,
Can any one help me to clear my confusion on the above threads
as per my knowledge
Gross(Basic+HRA+LTA+Other Allowance+Medical+Other Components)
- Deduction(PF+TDS)
= Take home
+ Company contribution(PF and any other)
= CTC.
Let me know if I am wrong.
Regrds
Rita

Dear Jyoti,
Yes this procedure is legally right as the company is managing its own EPF trust in which 12%+3.67% is kept with the employer and the EPS share of 8.33% has to deposited with EPFO, for withdrawl of the same you have to simply fill Form 10C of EPS duly attested by employer and submitted the same to concerned EPFO office.
Thanks & regards,
From,
Sumit Kumar Saxena,
+91-9899669071, 0120-4131277

Dear Pradyumna,
For calculation of CTC you have to consider 13.61% of EPF share & 4.75% of ESIC share, please let me know what is 0.5% in ESIC .
Thanks & Regards,
From,
Sumit Kumar Saxena,
0120-4131277, 9899669071