Is employer contribution added in CTC?

Most employers contribute 12\% (called PF) of basic salary every month to employee’s Provident fund account, shown in CTC. An employee also contributes 12\% (called VPF). Employer PF is part of CTC not shown on Salary Slip. It is NOT counted as part of your earnings and hence not taxed.

Is employer contribution included in salary?

According to regulations, employees and employer contribute 12\% of the basic monthly salary to the EPF. Women can choose to contribute only 8\% of the basic monthly salary for the first three years. For sick companies or establishments with less than 20 employees, the rate can be 10\%.

Is PF mandatory for salary above 35000?

Who will be impacted? It is mandatory for an organisation employing more than 20 people to register with EPFO. While contributing towards EPF is mandatory for those earning basic wages of up to Rs 15,000. Those earning basic wages more than 15000 per month, EPF contribution is not mandatory.

Is there joining bonus in PwC?

PwC do pay for relocation and signing bonus depending on the position you are hired and the place of posting. If you are hired from city x where you are graduating from the university and posted to city Y , then you will be paid relocation. Similarly signing bonus is based on the position.

What is included in salary package?

Salary packages typically include your base salary as well as additional benefits, incentives or rewards, such as superannuation, annual and sick leave, car allowance or bonuses. With a salary package, money is usually deducted from your salary before tax for these items or services.

How much PF will I get on 15000 salary?

How to Calculate PF on Basic Salary More than 15000 in Normal Case

Basic Salary + DA		Employee & employer contribution on : 15000 Rs
Employee PF Contribution	12\%	1800 Rs
Employer PF contribution	3.67\%	550
Employer Pension contribution	8.33\%	1250