Human Resource01
Pls clarifiy if Employee contribution towards ESI,PF and Leave Encashement taken for calculation of CTC?
From India, Chennai
umakanthan53
6018

Dear friend,
No one should have any doubt that the meanings of the abbreviation " C.T.C " and the phrase " employee contribution " respectively are not at all incomprehensible to any one particularly a HR. I am afraid that there is an inadvertent typographic error in your draft. If not so, for heaven's sake, how the statutory contribution periodically deducted from the salary of the employee by the employer and remitted over to an external agency on his behalf would add to the cost of the company?
On the other hand, leave encashment being an expense incurred by the employer would add up to the C.T.C.

From India, Salem
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.