Dear All,
With reference to the captioned subject, I would like clarity on how we are going to break up the CTC of INR 252,000 yearly when we have PF and ESIC as deducted components. Can we calculate the ESIC on CTC which includes other benefits like PF, bonus, gratuity, and earned leaves?
Request your suggestions to help me understand this better.
Regards,
Vijay Kumar
From India, Gurgaon
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1With reference to the captioned subject, I would like clarity on how we are going to break up the CTC of INR 252,000 yearly when we have PF and ESIC as deducted components. Can we calculate the ESIC on CTC which includes other benefits like PF, bonus, gratuity, and earned leaves?
Request your suggestions to help me understand this better.
Regards,
Vijay Kumar
From India, Gurgaon
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ESI and PF deductions are based on the actual salary drawn in a month. They are not related to CTC but CTC would include the contribution made by the employer towards PF & ESI
From India, Mumbai
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From India, Mumbai
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ESIC contribution are based on Total earning gross salary and PF are based on total earning basic salary...
From India, Mumbai
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From India, Mumbai
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ESIC deduction are based on monthly salary. it is not calculated on CTC.
From India, Delhi
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From India, Delhi
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ESIC would be calculated on gross salary (monthly) & PF would be deducted on basic salary+DA.
From India, Delhi
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From India, Delhi
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Contribution – Employee's State Insurance Corporation
As an HR person, it is important to familiarize yourself with ESIC, EPF, leave rules, working hour limits, overtime, etc.
From India, Pune
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As an HR person, it is important to familiarize yourself with ESIC, EPF, leave rules, working hour limits, overtime, etc.
From India, Pune
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SALARY SHEET CALCULATION.xls
Salary calculation.doc