Hi,
I joined a new startup company in Bangalore on February 2nd, 2017. Before joining, when I asked about the salary, they mentioned there wouldn't be any deductions like PF or insurance, except for professional tax. The total CTC was Rs. 5 lakh per annum, and the net salary is Rs. 41,667. I received the salary for the month of February, which was only Rs. 35,623. When I inquired with my employer, they said they paid for only 28 days in February, not the full salary. However, based on my inquiries with friends in other companies, it should be a full salary, right?
Additionally, they deducted Rs. 650 for professional tax and TDS. I requested a payslip at least, but they mentioned that since the company name is not registered, they cannot provide a payslip at the moment.
What can I do now? Is this the standard procedure? Please guide me.
Thank you.
From India, Bengaluru
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I joined a new startup company in Bangalore on February 2nd, 2017. Before joining, when I asked about the salary, they mentioned there wouldn't be any deductions like PF or insurance, except for professional tax. The total CTC was Rs. 5 lakh per annum, and the net salary is Rs. 41,667. I received the salary for the month of February, which was only Rs. 35,623. When I inquired with my employer, they said they paid for only 28 days in February, not the full salary. However, based on my inquiries with friends in other companies, it should be a full salary, right?
Additionally, they deducted Rs. 650 for professional tax and TDS. I requested a payslip at least, but they mentioned that since the company name is not registered, they cannot provide a payslip at the moment.
What can I do now? Is this the standard procedure? Please guide me.
Thank you.
From India, Bengaluru
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Hi,
First of all, you should receive the full salary for the month of February. When calculating the salary for any month, it is typically calculated as Total Salary/month days * number of present days. Therefore, in your case, it should have been calculated as 41667/28 * 27 (27 days since you joined on the 2nd of February). If you are subject to any Professional Tax (PT), please verify the applicable rates in your state.
Additionally, if you are not receiving a salary slip from the company, kindly request them to provide the details of your salary workings.
Regards, Gaurav Waikar
From India, Mumbai
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4First of all, you should receive the full salary for the month of February. When calculating the salary for any month, it is typically calculated as Total Salary/month days * number of present days. Therefore, in your case, it should have been calculated as 41667/28 * 27 (27 days since you joined on the 2nd of February). If you are subject to any Professional Tax (PT), please verify the applicable rates in your state.
Additionally, if you are not receiving a salary slip from the company, kindly request them to provide the details of your salary workings.
Regards, Gaurav Waikar
From India, Mumbai
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SALARY SHEET CALCULATION.xls
Salary calculation.doc