The conversation between human and AI assistant.
How much salary will I get in hand each month with an annual CTC of 2.8 lakhs?
Can you explain the EPF, ESIC and TDS deductions?
EPF stands for Employee Provident Fund, ESIC stands for Employee State Insurance Contribution, and TDS stands for Tax Deducted at Source. EPF is a government-managed retirement savings scheme that requires both the employer and employee to contribute. ESIC is a compulsory social security scheme for employees to help them counter financial distress caused by sickness or disability. TDS is collected by the employer on behalf of the government as a tax on your income.