Employee Compensation & Benefits - Employee Benefits

gelonia
Hello all
Please clarify my doubt. When I fix a salary of gross 13000, take home comes to 11993 & the CTC is 14500. There is a difference of Rs.2500 between TH & CTC. This is the total of PF & ESI - both Employer & employee contribution. Is it right? All the persons who come for the interview provide info with a difference of Rs. 800 between CTC & TH. Which is right?
kraos_1954@yahoo.co.in
Hi,
until and unless you provide the salary structure of both it will be difficult to comment or suggest. Unable to understand Rs.1500/ difference between CTC and gross.
You are also requested to note that some companies may not be adding the employer contribution of PF & ESI to the employees cost.
pl. verify and finalize.
Regards - kamesh
gelonia
Dear Mr. Kamesh
Thank you very much for your response. The break up is as follows:
Basic 6600
HRA 3300
Other allowance 2100
Edu. Allowance 200
Conveyance 800
Total 13000
ESI - Employer contribution 618
ESI - Emploee contribution 228
EPF - Employer contribution 885
ESI - Emploee contribution 780
CTC 14503
Take Home 11993
I took this salary calculation excel sheet from CiteHr only.
I will be thankful if you can help me.
Best regards
Neela.S
pon1965
Dear Neela,
The total CTC as per you is 15511 (if you add all the componets).
Check again
Regards
R.Ponraj
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