Hi, I've been with the company for the last two years. I was initially offered a salary of seven lakhs per annum, as agreed upon, and the offer letter stated a Total CTC of "Seven Hundred Thousand Eleven Rupees." This included a Fixed Bonus of 5% of the gross pay (paid after 1 year of the salary cycle) - "Thirty-Two Thousand Three Hundred Seven Rupees and Ninety-Two Paise," TDS Deducted Per Annum: "Sixty-Four Thousand Six Hundred Sixteen Rupees and Forty Paise" ("Five Thousand Three Hundred Eighty-Four Rupees and Seventy Paise" per month), Leave Salary Annum-wise: "Twenty-One Thousand Five Hundred Thirty-Nine Rupees and Eight Paise," and In-hand Net Salary: "Forty-Eight Thousand Four Hundred Sixty-Two Rupees and Thirty Paise."
However, when I filed my tax return last year, I received only "Twenty-Seven Thousand Rupees" in returns, and the TDS portal showed an amount of tax deposited/remitted as "Twenty-Seven Thousand One Hundred Two Rupees." This raised concerns about possible discrepancies.
Due to work pressure, lack of bonus or increment after the first year, I planned to leave the company. When I communicated this, they offered a salary hike. In the new structure, with a net pay of "Fifty-Seven Thousand Rupees," including TDS of "Four Thousand Nine Hundred Forty-Seven Rupees" per month, PF contributions, and other components, the annual equivalent is "Seven Hundred Sixty-Seven Thousand Six Hundred Fifty-Two Rupees." This seems significantly lower than the promised 30% increment from my joining CTC.
I am troubled by the situation as my hard-earned income, which supports my family, is affected. Despite working long hours, I faced delays in increments and bonuses. They only agreed to a hike when I considered resigning.
I am still with the same company but would like to know if there are any laws that can address this issue, not just for me but for others facing similar situations. I can provide all necessary documents for review.
Thank you.
