SALARY HEAD (A) PER MONTH
BASIC DA - 20,000
HOUSE RENT ALLOW. - 8,000
CONVEYANCE ALLOW. - 1,600
SPECIAL ALLOW. - 34,305
GROSS SALARY (A) - 63,905
Retirals (B)
EMPLOYER PF - 1,800
GRATUITY - 962
TOTAL(B) - 2,762
Fixed CTC (A+B) - 66,667
Year-end Bonus(C) Retention Bonus will be paid post completion of the year INR 50,000/-
TOTAL CTC (A+B+C) 8,50,000/-
Now my question is monthly salary is coming out above to be - 66, 667 but receiving 59, 344 in bank as per my following calculations after viewing the salary slip -
Monthly - 66, 667
Graduity - 962
TDS - 2,761
EPF - 3600 (1800 - Employee Contribution, 1800 - Employer's Contribution)
Received in Bank - 59, 344
Its showing employer contribution in the website from which all the employees in the company can see their Salary Slips and EPF contribution, but from the above calculation its clear that amount is also getting deducted from the salary. Also confirmed with the HR of the company.
1) Is it right that both the EPF parts are getting deducted from the CTC?
2) If not what can I do to make it right?
Please help me sort this thing
BASIC DA - 20,000
HOUSE RENT ALLOW. - 8,000
CONVEYANCE ALLOW. - 1,600
SPECIAL ALLOW. - 34,305
GROSS SALARY (A) - 63,905
Retirals (B)
EMPLOYER PF - 1,800
GRATUITY - 962
TOTAL(B) - 2,762
Fixed CTC (A+B) - 66,667
Year-end Bonus(C) Retention Bonus will be paid post completion of the year INR 50,000/-
TOTAL CTC (A+B+C) 8,50,000/-
Now my question is monthly salary is coming out above to be - 66, 667 but receiving 59, 344 in bank as per my following calculations after viewing the salary slip -
Monthly - 66, 667
Graduity - 962
TDS - 2,761
EPF - 3600 (1800 - Employee Contribution, 1800 - Employer's Contribution)
Received in Bank - 59, 344
Its showing employer contribution in the website from which all the employees in the company can see their Salary Slips and EPF contribution, but from the above calculation its clear that amount is also getting deducted from the salary. Also confirmed with the HR of the company.
1) Is it right that both the EPF parts are getting deducted from the CTC?
2) If not what can I do to make it right?
Please help me sort this thing