Hi, may I know why a double deduction is being made from my salary? According to my understanding, after the deduction of ESI and PF from the CTC, the remaining amount should be credited to my account as a monthly salary. Currently, I am working with a pharmacy company, and they are deducting PF twice - once as an employee and once as an employer.
From India, Surat
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From India, Surat
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There are several posts regarding the concept of CTC in this forum. In your CTC, the employer's portion of PF & ESI contribution has been considered. Now, while processing payroll, the employee's portion of PF & ESI contribution, along with PTAX if any, will be deducted from the employees' earnings.
The Employee's Portion of PF & ESI Contribution
The employee's portion of PF & ESI contribution is not part of CTC.
Regards, S K Bandyopadhyay (WB, Howrah)
From India, New Delhi
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367The Employee's Portion of PF & ESI Contribution
The employee's portion of PF & ESI contribution is not part of CTC.
Regards, S K Bandyopadhyay (WB, Howrah)
From India, New Delhi
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PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls