I recently changed my job. As per the new salary, my basic is ₹38,333. According to their CTC bifurcation, they are deducting ₹4600 from my gross salary (38333 * 12%). They are also going to credit the same amount (₹4600) from their side. My current basic salary is ₹21,600, but still, they are only deducting (15000 * 12%) ₹1800.
So, I want to take home more. Is it possible to reduce the deduction from ₹4600 to ₹1800 only? How?
From India, Anand
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So, I want to take home more. Is it possible to reduce the deduction from ₹4600 to ₹1800 only? How?
From India, Anand
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To get a higher take-home salary, you may be willing to accept lower savings. You can discuss this with your new employer, and if they agree based on the company's policy, it might be possible. However, if you contribute based on a 15,000/- Basic salary, which is 1800/- per month towards PF, the organization will match that with 1800/- per month instead of 4600/- per month. This results in a net loss of (4600 - 1800 = 2800) per month. The decision is yours.
From India, New Delhi
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409From India, New Delhi
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Thank you for the prompt answers.
Actually, I am receiving a package with the CTC. From the CTC, they are deducting a total of ₹9200 (employee and employer share).
Yes, you are right. I have discussed with them to deduct only ₹1800 from both sides. Ultimately, this would increase my take-home by ₹5600. However, they mentioned that as per their company's policy, this adjustment is not possible.
Is there any legal document available that I can refer to? This way, I can request them to deduct only ₹1800 from both sides.
Thank you in advance.
From India, Anand
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Actually, I am receiving a package with the CTC. From the CTC, they are deducting a total of ₹9200 (employee and employer share).
Yes, you are right. I have discussed with them to deduct only ₹1800 from both sides. Ultimately, this would increase my take-home by ₹5600. However, they mentioned that as per their company's policy, this adjustment is not possible.
Is there any legal document available that I can refer to? This way, I can request them to deduct only ₹1800 from both sides.
Thank you in advance.
From India, Anand
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@ Atmiya-Vaghela, no legal document available for the same, as company is not violating any LAW. It is completely depend on the company policy.
From India, New Delhi
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From India, New Delhi
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