Hi, can anybody share the components of their CTC? I need this as we are in the process of revamping our take-home salary because there is a deduction of EPF on the basic salary, which includes Basic Salary and Special Allowance.
This is impacting our mid to top-level executives who, besides facing the salary deduction towards EPF, are not receiving any tax benefits. I have proposed to add certain components but am unsure if they will pass the scrutiny of EPF officials. Please help.
From India, Mumbai
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8This is impacting our mid to top-level executives who, besides facing the salary deduction towards EPF, are not receiving any tax benefits. I have proposed to add certain components but am unsure if they will pass the scrutiny of EPF officials. Please help.
From India, Mumbai
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EPF Deduction Freezing at ₹15,000
Employees with a higher salary may request the establishment to freeze their EPF deduction at ₹15,000. This would help to increase their take-home salary.
However, it is important to note that EPF deduction freezing at ₹15,000 does not have any direct connection with the new wages code.
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Employees with a higher salary may request the establishment to freeze their EPF deduction at ₹15,000. This would help to increase their take-home salary.
However, it is important to note that EPF deduction freezing at ₹15,000 does not have any direct connection with the new wages code.
Acknowledge(0)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.
BENEFITS UNDER EPF.ppt
Salary less tax - CTC.xls
Benefits under EPF act.docx