Hi All, I got apprisal in may. And I got Monthly CTC as Rs.14000/- My monthly deductions are Rs.1201/- But still I got salary RS.11420/- can this be happened.
From India, Mumbai
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From India, Mumbai
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Dear Pournimag,
You are discussing the monthly CTC, where generally PF is shown as the employer's contribution as part of CTC. If you remove the Employer PF, you will arrive at the figure of your Monthly Gross salary. From this amount, if you deduct the PF employee contribution, you will get the Net take-home pay.
Please check your payslip for all allowances.
Thank you.
From India, Mumbai
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18You are discussing the monthly CTC, where generally PF is shown as the employer's contribution as part of CTC. If you remove the Employer PF, you will arrive at the figure of your Monthly Gross salary. From this amount, if you deduct the PF employee contribution, you will get the Net take-home pay.
Please check your payslip for all allowances.
Thank you.
From India, Mumbai
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my monthly ctc is 14k and i am getting 10k in hand.. employer use to add their contri to esi nd pf to ctc.. and its not wrong.. so be sure your salary is fine
From India, Delhi
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From India, Delhi
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Yes, this can happen because of many issues as suggested in the above post. The amount of CTC and Carry home amount can differ. If you want correctness, you have to furnish the details as suggested by Mr. Ved Prakash.
From India, Delhi
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From India, Delhi
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Daer Senior, Can u teach me d method/process of calculateing the payroll and how it is process. Tks Sathya D
From India, Madras
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From India, Madras
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Hello, Generally company calculate CTC adding co\'s contribution to PF also. So in calculating your take home you have to deduct your contribution and co\'s contribution from CTC. Regards kpn
From India, Chennai
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From India, Chennai
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You must be getting a payslip/salary slip, I suppose. All the deductions, additions, gross, and net salary are mentioned in the payslip. If you are not getting the payslip, you can go to HR and ask for the breakdown of your salary.
Regards,
Swapna
From India, Ahmadabad
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Regards,
Swapna
From India, Ahmadabad
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It can be assumed that the calculation will be as follows:
Basic: 7000
Gross: 12621
EMPLOYEE PF Contribution: 840
EMPLOYEE ESI Contribution: 221
EMPLOYERS ESI Contribution: 599
EMPLOYERS PF Contribution: 780
PROFESSIONAL TAX: 140
If your professional tax is only 20, then your basic will be 8000, and your PF contribution will be 960 instead of 840. Kindly provide the breakup of the deductions to have a clear picture.
From India, Ahmadabad
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Basic: 7000
Gross: 12621
EMPLOYEE PF Contribution: 840
EMPLOYEE ESI Contribution: 221
EMPLOYERS ESI Contribution: 599
EMPLOYERS PF Contribution: 780
PROFESSIONAL TAX: 140
If your professional tax is only 20, then your basic will be 8000, and your PF contribution will be 960 instead of 840. Kindly provide the breakup of the deductions to have a clear picture.
From India, Ahmadabad
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Hi Saji, You are correct, My basic is 7200 Gross sal is 12621 PF 780,Company’s PF 780 ESI from my side 221,company’s ESI 599 PT 200 I get 14000-(780+221+200)-(780+599)=11420 only
From India, Mumbai
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From India, Mumbai
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CTC CALCULATION SHEET.xls
Rules for Statutory Deductions Exemptions Perquisites-Pay roll.doc