Working in the manufacturing industry. My employer has announced a 10% general increment for FY 2018-19. However, from that 10%, he is deducting 2.5% (Net Payable 7.5%) from my salary as a part of his contribution (on the increased salary) to my PF account. He doesn't want to pay his part (on the increased salary), which is his responsibility.
It is also notable that he won't pay the full salary in a cheque. Only a part of the actual salary is paid through a cheque, and the rest in cash.
What should I do to convince him?
From India, Gorakhpur
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1It is also notable that he won't pay the full salary in a cheque. Only a part of the actual salary is paid through a cheque, and the rest in cash.
What should I do to convince him?
From India, Gorakhpur
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It seems upon reading your query that your perception of the increment and your employer's perception of the increment are different. What I feel is that your employer has announced a 10% general increment, which means it is inclusive of all—direct as well as indirect costs. This is today's trend, and we refer to it as CTC. In this case, your effective increment in salary is 7.5%.
Your query on part cash payment needs more details. But before raising a query, you should consider how it affects you. Knowing the law is one thing; the government has restricted cash payments now, and wages are to be made through cheque or bank transfer.
From India, Mumbai
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Your query on part cash payment needs more details. But before raising a query, you should consider how it affects you. Knowing the law is one thing; the government has restricted cash payments now, and wages are to be made through cheque or bank transfer.
From India, Mumbai
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SALARY with out PF Deduction.xls
Employer-PF-res trict to wages of Rs 6500.pdf