Dear All, I have a query regarding PF contribution, let have an example
Below is a salary/increment details of X employee in ABC (third party) hired in a company thru third party.
Basic Salary-43716
HRA-17484
Conveyance-19200
Telephone Allowance-4800
Special Allowance-74844
Local Conveyance-12000
Employer's Contribution To PF-18552
ESIC-8184
Total Annual CTC=198780
Dear Alls,
I want to know that in gross ctc, employer's contribution to PF added, is it legal or illegal?
as far as I know employee's and employer's contribution should be equally shared for PF, but here in this case, company giving CTC (with addition of PF contribution from employer) how justifed it is?
request you to kindly guide/advise on the case at earliest.
Below is a salary/increment details of X employee in ABC (third party) hired in a company thru third party.
Basic Salary-43716
HRA-17484
Conveyance-19200
Telephone Allowance-4800
Special Allowance-74844
Local Conveyance-12000
Employer's Contribution To PF-18552
ESIC-8184
Total Annual CTC=198780
Dear Alls,
I want to know that in gross ctc, employer's contribution to PF added, is it legal or illegal?
as far as I know employee's and employer's contribution should be equally shared for PF, but here in this case, company giving CTC (with addition of PF contribution from employer) how justifed it is?
request you to kindly guide/advise on the case at earliest.