I want to ask my HR dept for last month's salary. How can I write it in a formal email?
Hi,This is very unfortunate, anyways it could be settled and do not delay.Since you want to write an email,make a clear subject line first. That’s the line which will appear on the mail box. Do not write long mails/stick to your point and be very direct. Keep it short and very simple.So write a direct line example “Salary Due__________ (month) 2018”or more direct “Salary Not paid_(month) 2018”(then the email part-body of the mail)Dear Sir,This is to bring to your notice that my salary for the month of_____________2018 is not credited into my account.Employee id:Date of joining:(its okay to mention, though HR should have all these details of yours)Please do the needful.Regards“Your name”And after sending the mail do not hesitate to call, the HR (to whom you have addressed the email) and tell that you have sent an email. And keep following up.Hope this helps!Good luck!
Where and how do you invest your monthly salary?
Hi All,Awasum answers across from many intellectuals. Thank you for that.My answer’s context is India.Here is my answer and I KIS (keep it simple).Here is some back ground, a married with one 9 year old and staying with my parents. House is paid off and no loans.Age: 36Working Experience- 13 yearsQualification- M.TechI generally do not believe in loans until recent. one of my adviser told me to take home loan and use that money for buying another property as it will give me money at effective rate of 7 % after deducting Tax benefits.I have bought a real estate property again in tier 1 metro city (1.1 Cr.) which is on rent. No loans and fully paid off property.Pointers-I do not buy new phones, all my and wife’s cell phones are used one, I take utmost care while getting a used one, mostly from online portals. I straight away save 30% as I find some phones which are used for just 2- 3 months and available at very cheap rates, I bought a VIVO NEX almost new at 28KWe live frugal, lower middle class life style. Not much fancy and sometime boringMe and wife both believe in simple living and high thinking, we invest in books, holidays, great and quality food and experiencesWe invest in health and things which adds value to life and not lifestyle, we have joined a gym which is nearby but the cheapest in our area. Primary reason is, if the gym is far after a while it will be boring to go everyday. I have never missed 4 days gym in past 5 yearsMy son goes to international board, again nearby my home so no bus expenses, wife goes to drop and pick himSon goes to extra curricular activities everyday- learning chess, guitar, grammars and spoken English etc.No expenses for parents, they take care of them selvesNo liabilities, no loans~70% income goes in savingsPeople say I am miser, I believe them :-)Wife earns 60K a year, she does not invest, she mostly spends in charity, miscellaneous expensesI drive a Honda 2012 model, one of my bike is 12 year old and other one is 1 year oldI use bike going to office, I read some where that “If you are going alone in a car everyday to your workplace, do not consider your self educated”Suggestions are always welcome.Thank you!Edit1: thank you Venkatesh for the suggested edit
Is it acceptable for HR to ask for payslips from your previous employer so that they can base your new salary off your previous pay?
Yes, it is acceptable and common practice. But it is completely up to you whether you share them or not.I personally have not discarded any candidate for not sharing payslips.When asking for payslips, The HR Team wants to make sure that:(1) You are within the salary range of the position. If your current salary, or your current salary plus the salary increase needed to make you an attractive offer, is higher than the maximum pay for the position, then HR has two options:(1.1) Discard you as a candidate (HR could reach out to you later when a more senior position is open)(1.2) Change the seniority of the position (e.g. from Manager to Senior Manager) and make you an offer with the new seniority(2) You receive an attractive offer. Some companies, when extending an offer, also show you a compensation analysis with a comparison between your current compensation package and the one they are offering you. This analysis includes not only salary, but also all benefits (cash and non cash), and it is broken down also by monthly and annual compensation. This helps you as a candidate understand what the company is really offering you vs. what you already have, and helps you make a decision.Several considerations:(A) In order to make an attractive offer, HR needs to understand your entire current compensation package, therefore HR will ask not only for salary but also for all benefits you are currently receiving (e.g. bonus, stock options, company car, etc…)(B) One might see the fact that HR requires evidence of salary (i.e. payslips) as if HR did not trust you. But in reality, HR just wants to make sure they understand perfectly your compensation. You would be surprised to know how many people do not know their actual salary and benefits. Sometimes they only know how much they get deposited in the bank (i.e. net salary), but HR needs to know your gross salary, and all your benefits (cash and non cash).Of course, it is up to you whether you want to share your payslips or not, but you risk that HR makes you an offer that it is not so attractive.In any case, if you do not want to share any payslips or any other documentation with HR, I would recommend you to simply let them know your desired salary, and expected benefits.I hope this helps.
Is it correct that both employer and employee component should be deducted from my CTC?
I am always disappointed with this PF. CTC indicates the total amount of expenses employer (organization) spends on an employee during the tenure with the company. This is where a company take the advantage as the CTC clearly says it is the total amount spent by the company during your service, they deduct the Employer’s contribution to provident fund (@12% of basic pay) from your CTC itself.As per the Government rule an employer must contribute the same amount contributed by the employee towards PF. If we look at The Employee’s provident funds and Miscellaneous Provisions Act, 1952, it doesn’t mention anything about the CTC in the Act, so we can say a company legally has the right to deduct the Employer’s contribution to provident fund from the CTC.If i come to your salary as you mentioned 3.2L is your CTC and the Employer’s contribution to provident fund is 1600/month. Your PF contribution will be the same 1600/month26,666.66667–1600(Employer’s contribution to provident fund)-1600(Employee’s contribution to PF )-200(Income Tax) = 23,266.66667/month (Aprox.) will be your take home.I feel they shouldn’t deduct the Employer’s contribution to provident fund from the CTC. They can put the Employer’s contribution to provident fund in TCTC (Total cost to company) along with Gratuity, Insurance & Medical Benefits .etcPlease find the below link to check The Employee’s provident funds and Miscellaneous Provisions Act, 1952 http://www.epfindia.com/site_doc...