Hi there, I've just got my increment in my organisation . The issue is that I don't find the structure of increment right.
As per the guide lines the Total increment was to be done on 12% hike but the final figures are not matching to it.
I have got my PF exempted hence I used to get my in hand salary as my gross salary and ctc as well.
Now when I'm trying to match the figures from my fellow employees .. I find that I have got a hike of 12%
whereas my fellow employees have got a net increment of 16% approx.
when enquired ... got an answer that this is because of my PF Exemption, as they have got increment in their PF Also.
Henceforth after an increment of 12% on CTC the PF is being applied. which makes it to 16% overall.
please help
As per the guide lines the Total increment was to be done on 12% hike but the final figures are not matching to it.
I have got my PF exempted hence I used to get my in hand salary as my gross salary and ctc as well.
Now when I'm trying to match the figures from my fellow employees .. I find that I have got a hike of 12%
whereas my fellow employees have got a net increment of 16% approx.
when enquired ... got an answer that this is because of my PF Exemption, as they have got increment in their PF Also.
Henceforth after an increment of 12% on CTC the PF is being applied. which makes it to 16% overall.
please help