if we offered 300000 CTC TO AN EMPLOYEE IN THAT EMPLOYEE SHARE OF CONTRIBUTION WE WILL DEDUCT AND COMPANY CONTRIBUTION NOT TO BE DEDUCT FROM THIS CTC. IS IT CORRECT SIR?
23 April 2014
Rupesh the concept of CTC is all about cost to company. If any company doesn't include it, it only reflects poor understanding on it part.
the employee contribution to pf is company will deduct from his earnings and employer contribution not to be deduct from employee's salary is it correct for example employee gross salary 15000/- pm in that employee contribution to pf is 780/- on 6500/- max wage ceiling and the remaining amount is 14220/- will be paid to employee and the employer contribution 780/- is obligation to employer and that amount will not deduct from employee earnings. Please clarify my doubt.
CAclubindia
