Can Companies Deduct Gratuity From Employee CTC
Advance Search Feature
Available Downloads - Page 1
Search Result For "Can Companies Deduct Gratuity From Employee CTC" - Page 1
Dear,Provident fund is applicable to all employees, i.e., trainees, probationers, or confirmed employees from their Date of Joining. The PF is not applicable to Apprentices only, i.e., under the Apprentices Act of 1961.Regards,Vikram Dalvi
In addition to the valuable observations of members, I would only add that:Uniforms are a cost to the business; therefore, they are an asset - albeit a depreciating one. This cost is a tax-deductible item. So, while you cannot deduct the cost from employees when...
In my opinion, it will not be fair to deduct uniform costs from employees' salary.Any company provides uniforms to their employees for reasons like:1\. It instills a sense of discipline among the staff, which also reflects in their work.2\. It promotes uniformit...
Can a contractor deduct professional tax from an employee's salary?
**Legal Aspects of Professional Tax Deduction by Contractors**In the context of professional tax deduction by contractors from an employee's salary, it is essential to refer to the relevant labor laws or policies specific to the jurisdiction in question. Profess...
Hello,We are discussing CTC (Cost to Company), which refers to the total salary package of an employee. It includes all monthly components such as basic pay, reimbursements, various allowances, and all annual components such as gratuity, annual variable pay, ann...
Salary processed by many organizations from CTC. The employer's portion of EPF is a part of CTC. Then the employer can deduct. It is nothing but an addition to the earning side and then deduction.However, the way the salary structure has been shown, it appears t...
Hi,Lately, it has become common in the IT sector for employer contributions to PF to be included in the CTC of the employee. However, recovering admin charges from employees is not ethical.
I think all the pertaining salary components belong to employees. To my knowledge, it can be valid, but 1% is not PF admin charges. PF admin charges are 0.5%, and another 0.5% is for EDLI charges. This is according to the Act.Thank you
Dear Members,I have a query regarding PF deduction.My friend is working in a startup MNC. His salary breakup is mentioned below:Basic Salary - 15,998HRA - 6,399Conveyance Allowances - 1,600Medical Allowances - 1,250Special Allowances - 10,304Total Gross Salary -...