Employer's PF and ESIC Contributions in Appointment Letters
Can we show the employer's PF and ESIC contributions in the appointment letter of an employee? If not, how can we document it and finalize the CTC of an employee, which will include the PF and ESIC employer contributions?
Regards,
Deepak Pawar
From India, Mumbai
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6Can we show the employer's PF and ESIC contributions in the appointment letter of an employee? If not, how can we document it and finalize the CTC of an employee, which will include the PF and ESIC employer contributions?
Regards,
Deepak Pawar
From India, Mumbai
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Yes, you can include these details in the appointment letter. Most companies include the company's PF and ESI contributions in the CTC of the employees.
For Further Reading:
- [White Eagle: ESI: On which components contribution is payable](http://kuldeeprathore.blogspot.com/2009/11/esi-on-which-compontens-contribution-is.html)
- [White Eagle: Provident fund and Overtime Allowances](http://kuldeeprathore.blogspot.com/2009/11/whether-provident-fund-can-be-deducted.html)
From India, Hyderabad
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For Further Reading:
- [White Eagle: ESI: On which components contribution is payable](http://kuldeeprathore.blogspot.com/2009/11/esi-on-which-compontens-contribution-is.html)
- [White Eagle: Provident fund and Overtime Allowances](http://kuldeeprathore.blogspot.com/2009/11/whether-provident-fund-can-be-deducted.html)
From India, Hyderabad
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Dear Deepak, Employer PF and ESI contribution forms a part of employee CTC. Generally it is shown on salary annexure.
From India, Bhubaneswar
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From India, Bhubaneswar
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But how it reflects the salary slip? because the employee may get confused if we do not mention the PF & ESI deductions which will be made from his CTC (both sides).
From India, Hyderabad
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From India, Hyderabad
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You can prepare your salary annexure showing the salary components along with PF, ESI, LTA, Medical Insurance, and other benefits provided by your organization.
Additional Columns in Payslip
You may add two extra columns for employer PF and ESI contributions in your payslip format.
Regards
From India, Bhubaneswar
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Additional Columns in Payslip
You may add two extra columns for employer PF and ESI contributions in your payslip format.
Regards
From India, Bhubaneswar
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I'm not sure about ESI, but regarding PF, here it is:
Monthly Components
1. Basic Salary
2. House Rental Allowance
3. Special Allowance
4. Conveyance Allowance
5. Telephone/Internet Allowance
6. Food Allowance
_________________________
Gross Salary
_________________________
Quarterly Components
1. PF (Employer contribution)
2. Bonus
3. Leave Travel Allowance
4. Project Allowance
5. Medical Allowance
_____________________
Total Cost to Company (CTC)
_____________________
I hope this addresses your query. Please check the ESI part for clarification.
From India, Bangalore
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Monthly Components
1. Basic Salary
2. House Rental Allowance
3. Special Allowance
4. Conveyance Allowance
5. Telephone/Internet Allowance
6. Food Allowance
_________________________
Gross Salary
_________________________
Quarterly Components
1. PF (Employer contribution)
2. Bonus
3. Leave Travel Allowance
4. Project Allowance
5. Medical Allowance
_____________________
Total Cost to Company (CTC)
_____________________
I hope this addresses your query. Please check the ESI part for clarification.
From India, Bangalore
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CTC Calculator.xls