Forum Replies Created
-
Posts
-
Uat this point it only looks like you are already convinced that you want those flowers. so no matter what risks people highlight, you are gonna question it anyway. Make sure you take all necessary precautions to stay safe. that’s all I can sayUGoing a little off topic here.
Firstly get a clarity over what this flexible pay means? to me it looks like a fancy term for variable pay because companies usually write xyz allowance (HRA, Travel, Conveyance, etc).
Check if it will be paid monthly or at the end of the year? and also check if there are any caveats around this flexible pay such as need to spend x number of years with the company, etc.
if it is indeed variable pay, your fixed component becomes only 11.12 Lakhs, of which your 2.4 lakhs go to government as PF contribution (employee + employer), leaving you with 8.8 lakhs before tax.
one more thing you should note is that when you switch jobs in future and you share this CTC structure, HR may consider this flexible pay as variable pay.
Now coming to your question, the 1.2 Lakhs of PF mentioned is employer’s contribution and yes companies consider it to be part of CTC. Also, as already mentioned, the total amount that will be paid to PF will be 2.4 lakhs. Remaining 1.2 will be taken out of basic of 10 lakhs.
hope this helps.
