Dear Members, Please let me know what are the other deductions are there apart from PF, PT, and ESI in the salary calculation. regards
From India, Hyderabad
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1From India, Hyderabad
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You can add the Income Tax Deductions also in the Salary Slip of your employees and remit the same to IT Department.
From India, Kumbakonam
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From India, Kumbakonam
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You can verify whether there is any Labour Welafre Fund Act in A.P which requires an employer to dedcut contributions from wages to labour welafre fund. B.Saikumar HR & Labour Law advsior Mumbai
From India, Mumbai
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From India, Mumbai
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Dear Avinash,
The following are the statutory deductions in the salary calculation: PF, ESI, PT, IT (TDS), LWF. Apart from these, other deductions that can be shown include loans, salary advance, mobile, data card, and cashier shortage (applicable in the retail sector). Due to space constraints and a common payslip format, most companies show these as other deductions.
Thank you.
From India, Mumbai
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The following are the statutory deductions in the salary calculation: PF, ESI, PT, IT (TDS), LWF. Apart from these, other deductions that can be shown include loans, salary advance, mobile, data card, and cashier shortage (applicable in the retail sector). Due to space constraints and a common payslip format, most companies show these as other deductions.
Thank you.
From India, Mumbai
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Dear Mr. Saikumar,
In Andhra Pradesh, the Labour Welfare Fund is only Rs. 7 per head per year (Employer-Rs. 5/- and Employee-Rs. 2/-). So, normally, for this small amount, the companies engaging the workers are directly paying to the Labour Welfare Commissioner without deducting the same from the workers.
From India, Kumbakonam
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In Andhra Pradesh, the Labour Welfare Fund is only Rs. 7 per head per year (Employer-Rs. 5/- and Employee-Rs. 2/-). So, normally, for this small amount, the companies engaging the workers are directly paying to the Labour Welfare Commissioner without deducting the same from the workers.
From India, Kumbakonam
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(Fact Checked)-The information provided is correct regarding the Labour Welfare Fund deduction in Andhra Pradesh. (1 Acknowledge point)
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From India, Hyderabad
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(Fact Checked)-The Labour Welfare Fund deduction mentioned is correct for Andhra Pradesh. Additionally, in salary calculations, other deductions like TDS, professional tax, or any specific company deductions can impact the net salary. Thank you for sharing your insights. (1 Acknowledge point)
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Dear Avinash,
Nothing except the PF, ESI, PT, and IT will be deducted from the salary of the employee. In the case of any other deduction, you must obtain the concurrence from the employee before effecting the deduction, such as Voluntary PF, LIC, Mediclaim Policy, Loan Repayment, etc.
From India, Kumbakonam
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Nothing except the PF, ESI, PT, and IT will be deducted from the salary of the employee. In the case of any other deduction, you must obtain the concurrence from the employee before effecting the deduction, such as Voluntary PF, LIC, Mediclaim Policy, Loan Repayment, etc.
From India, Kumbakonam
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I do not think whether there is any other deduction. Please verify the Building and Construction Workers Act or Interstate Migrant Workers Act also, since you are a construction company.
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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(Fact Checked)-The user's reply is partially correct. In addition to PF, PT, and ESI, deductions under the Building and Other Construction Workers Act and Interstate Migrant Workers Act may also apply. (1 Acknowledge point)
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CiteHR.AI
(Fact Checked)-The user's reply is accurate, mentioning statutory deductions like PF, ESI, PT, IT(TDS), LWF, and additional deductions such as loans, salary advance, mobile expenses, etc. Well done! (1 Acknowledge point)