Great Confusion Regarding My Salary-Please Clear

HI
Actually i just started working.This month i got my salary.There is a great confusion as Employee & employer contribution both are deducted from my salary.I want to know Why they have deducted employer's contribution from my salary??
My CTC is 15000 per month.Please tell what should be my take home.

Parul,
Have a look at your appt letter and CTC classification. Many companies include both contributions under CTC.
Pon

Please put up the Payslip component and amounts here ,,
Earnings
1
2
3
4
5
TOTAL
Deductions
1
2
3
4
5
TOTAL

Here is my salary break-up
Basic-6232
HRA-3116
Convy-1246
Medical-1246
other-1246
LTA-519
Deductions
PF-748
ESI-238
My CTC-15000

It is correct only naa yaar, 12% of Basic i.e 6232 is Rs.748/- which is employee contribution, employer contribution is seperate yaar ;)

your salary breakup & CTC is right bsic is 30% on CTC, PF is 12 % on basic,HRA is 40% on basic , i thnk u r clear nw.

This is for every one:
ex: CTC--15000
basic will differ from state to state.as per hyderabad basic is 40% from ctc
40% frm ctc===6000
from 6k cut 12% of emplyer cuttings==720
15000-720=14280.
your gross salary is 14280
from gross ur contribution of 12% vl be deducted and professional tax and ESI(Applicable for below 15700/-)
LTA depends on individual intrest

Hi Parul,
as Pon suggested many companies have this practice of deduction both employee and employer share from the CTC, but these thing should be discussed at the time of negotiations.
I have been telling many people about the same, that during negotiation, they should be aware of their compensation package and deductions, as it can affect your take home salary.
Try talking to HR again and if possible request them for renegotiation...i.e increasing the CTC by the amount they will be deducting ass employer share..it is possible...

Dear Friend
Please try to understand the difference between, Nett Salary, Gross Salary and CTC.
Your Employer PF, Employer ESI, Bonus, approximate & confirmed Ex-gratia per annum, LTC/LTA, everything are considered as cost to the Company. In Gross the above will not be there but all the deductions will be available. Whereas the Nett Salary is the emolument what you carry to your home.

Companies' Contribution to PF should be @12% of Basic+DA. Out of it 8.33% will go to EPS (Max Rs 542). And company should contribute on its own and it should not be deducted from the salary of the employee. However CTC is the cost to the company on anyone's employment and it includes all the contribution made by the company on behalf of the employee. However, the terms of appointment should also be considered.
(Sandip Sengupta)