Cost to Company Details
The Cost to Company per annum we planned to offer is 3,26,424. Out of this Cost to Company component, there is no variable pay or bonus added. We deduct an employee provident fund of 1,800 per month and an employer provident fund of 1,800 per month. The PF contribution is the only component deducted from the Cost to Company.
Cost to Company Per Annum = 3,26,424
Cost to Company Per Month = 27,202
PF Contribution (both employee & employer) Per Month = 3,600
Net Pay Per Month = 23,602
Payslip Details
Please find attached our payslip, which shows the gross salary per month, employee PF contribution, and Net Pay.
1. My question is, when we release the payslip every month, do we have to mention both employee & employer PF contributions?
2. Should the PF contribution mentioned in the payslip be the sum of both employee & employer PF contributions?
Regards,
[username]
From India, Chennai
Acknowledge(1)
Amend(0)
1The Cost to Company per annum we planned to offer is 3,26,424. Out of this Cost to Company component, there is no variable pay or bonus added. We deduct an employee provident fund of 1,800 per month and an employer provident fund of 1,800 per month. The PF contribution is the only component deducted from the Cost to Company.
Cost to Company Per Annum = 3,26,424
Cost to Company Per Month = 27,202
PF Contribution (both employee & employer) Per Month = 3,600
Net Pay Per Month = 23,602
Payslip Details
Please find attached our payslip, which shows the gross salary per month, employee PF contribution, and Net Pay.
1. My question is, when we release the payslip every month, do we have to mention both employee & employer PF contributions?
2. Should the PF contribution mentioned in the payslip be the sum of both employee & employer PF contributions?
Regards,
[username]
From India, Chennai
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Provident Fund - Excluded Employee - Definition.pdf
What is Employee Provident Fund.docx