But maam ! As per labour act 1972 , gratuity should be given as a token of reward if the labour works more than 5 years ..but in labour act it is not mentioned anywhere that gratuity should be deducted from CTC it would be illegal ☹️ ?? Please reply to this i want to clarify out
True thats illegal but CTC word in not given anywhere in labour law thats why what should be in CTC and what should not be in CTC has no definition as per any Act or rule.
@@krishnamahawar319 in Labour Law, CTC word is not acknowledged. Means any acts any rule any notification don't acknowledge the concept of CTC. CTC is a modern age term.
Hi mehar... Does CTC also include employers pf contribution ? If so..to calculate gross salary amount do we need to deduct both (employee + employers) pf contribution or what?
The government increased 87a rebate limit 500000 to 700000...so 700000 is a taxable income but when you get 87a rebate 25000 on 700000. Your tax will be 0.... As per rebate 700000 is tax free salary.😂😂😂