Dear All, Request, if anyone can let me know that is PF & ESI ( Employer’s Contribution is the part of Gross Salary or includes in CTC. Regards Deepak Dwivedi
From China
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151From China
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Dear Deepak,
All the statutory contributions paid by the employer can be included in the Cost to Company (CTC), which comprises premiums for employee/dependent's insurance as well, especially in cases where ESI is not applicable.
Regards,
Vikram Tanwar
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All the statutory contributions paid by the employer can be included in the Cost to Company (CTC), which comprises premiums for employee/dependent's insurance as well, especially in cases where ESI is not applicable.
Regards,
Vikram Tanwar
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I know its too late to reply... I saw this post just now and am replying....PF and ESI (contribution by employer) is not a gross salary.. it is CTC. Regards,Kruthi
From India, Bangalore
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From India, Bangalore
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Dear ESI & PF contributions, statutory bonus, and even gratuity can be part of the CTC but not part of the gross.
Dear CTC is defined by the company in terms of what components they choose to include in the CTC. Can you believe that some companies provide two cups of tea per day and factor this cost into the CTC?
Thanks,
J.S. Malik
From India, Delhi
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Dear CTC is defined by the company in terms of what components they choose to include in the CTC. Can you believe that some companies provide two cups of tea per day and factor this cost into the CTC?
Thanks,
J.S. Malik
From India, Delhi
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CTC-Freezed PF-ESI.xls
PF & ESI.zip
Presentation PF&ESI.ppt