Dear All, Can any Employer cut/remit the 24% amount of PF from Employee's CTC?
For an Example, In an Appointment letter the monthly CTC is 15,500/- RS. However in the offer letter the CTC is mentioned as below.
Basic: 12000
HRA: 2060
GROSS SALARY (A) : 14060
COMPANY'S PF Contri. 1440
TOTAL DEFERRED BENEFITS (B) : 1440
TOTAL CTC(A+B)=C : 15500
Request you to Please help me with the same.
Thanks & Regards,
For an Example, In an Appointment letter the monthly CTC is 15,500/- RS. However in the offer letter the CTC is mentioned as below.
Basic: 12000
HRA: 2060
GROSS SALARY (A) : 14060
COMPANY'S PF Contri. 1440
TOTAL DEFERRED BENEFITS (B) : 1440
TOTAL CTC(A+B)=C : 15500
Request you to Please help me with the same.
Thanks & Regards,