1/13/2024 0 Comments Ctc salary slip format![]() ![]() ![]() If you are sent out of India for a short term business assignment, you are paid per-diem based on that country’s average daily expenses.įor example, if you are going to the US, Australia, UK, or Europe on a business trip, you may expect: Your per diem or daily allowance is calculated based on your monthly basic pay and in most cases is equal if you are deputed in any Indian city. There is a difference between EPF, VPF, and PPF and you should know which one is shown on your salary slip while talking about your CTC package with HR (Human Resource). An employer can choose to pay more than 12% too but I have not heard of any being extravagant! Most private sector good companies like TCS, Infosys, HCL, Accenture, etc. Employee contributed – VPF (Voluntary PF)Īs per law, the employer can choose to only pay the 12% of 15,000 if the monthly basic pay is more than 15k.Employer contributed – EPF (Employer PF).This is a mandatory deduction that is normally deducted at the rate of 12% of basic. ![]() Provident fund or PF is the US style 401k equivalent of monthly deduction in India. In many cases, people negotiate with the new employer to pay them the lost gratuity by way of Joining a bonus. If you leave before completing 5 years, your employer may not pay you the full amount. You are eligible for it if you have worked for at least 5 years with your employer. Gratuity is 4.81% of Basic as per Indian labor laws. ![]()
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