LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

chander sahay (j)     21 June 2017

Salary deductions

Particulars of salary Monthly � Basic Pay 8530.00 HRA 3412.00 LTA 1871.00 Children Education Allowance 200.00 Conveyance Allowance 1600.00 Medical Allowance 1250.00 Telephone Allowance 1250.00 Uniform Allowance 1250.00 � � � Total 19363.00 Gross 232356.00 Gross annually � � � Employer share EPF 1024.00 Employer share ESI 920.00 � � � Total CTC 21307.00 255684.00 � From gross there will be further deduction of 1400 or 1500 of employee part of pf and ESI. �Means out of 21300 CTC there will be around 3500 deductions. Isnt it much? What can I negotiate with HR to increase my in hand salary if above mentioned break up of salary is given to me? Please help. �


Learning

 1 Replies

Kumar Doab (FIN)     25 June 2017

PF and ESI are beneficial for employee.

Raising PF contribution is beneficial for employee.

The benefits offered by ESI are unmatchable.

Employee can negotiate on take home/in hand salary and decline to negotiate on CTC/Gross.

The negotiations on CTC/Gross are between employer-employee and both can agree on anything that is mutually acceptable.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register