| 'IT and IT enabled services' Professionals beware. | | | | when you get your salary slip, you find that there |
| What you get is not always what you will get. | | | | is something missing. A portion of your salary is |
| When you get your offer letter, you will be | | | | not documented. |
| pleased to find out an impressive looking figure on | | | | Surprisingly, when you calculate the missing |
| it. You would also notice that the letter also | | | | amount, you find that it is equal to 12 times your |
| mentions your salary break-up. The accounts | | | | monthly PF deduction. Hold on a minute here. |
| personnel would probably explain you the basic | | | | Relax and unfold your salary slip. Now calculate |
| calculations. But you prefer not to talk about it | | | | your monthly gross income. Then annual gross |
| then. At the moment you are overjoyed by | | | | and then try to confirm your CTC. You will find |
| winning the bargain. You are on a high. You are | | | | out yourself. |
| delighted and you want to celebrate your victory. | | | | Yes! The PF deduction that shows on your salary |
| But what happens when you get your first | | | | slip is the company contribution. Your contribution |
| salary? You are disappointed. Why? You feel | | | | is not documented on your slip. It is documented |
| cheated. Why? You are depressed. Why? Let's | | | | no where, not even in the offer letter or the |
| find out. | | | | agreement letter. |
| Let's say your package is 5 lacs. You know that | | | | What are you waiting for? Go ahead and confirm. |
| your PF is deducted from your salary. Considering | | | | Henceforth before you accept any new offers, |
| components like performance incentive, gratuity, | | | | beware! |
| income tax, and other standard components, | | | | |