I am J. Raja Moahmed, working as an HR Assistant. I have a small doubt regarding PF & ESI deductions.
For a Gross Salary of Rs. 10,000, the breakdown is as follows:
- Basic: Rs. 4000
- HRA: Rs. 2000
- Conveyance: Rs. 800
- Medical Allowance: Rs. 800
- Special Allowance: Rs. 2400
My doubt is whether deducting PF from Basic is correct, and if deducting ESI from Gross is also correct. Is this method accurate? Please advise on the correct method.
From India, Chennai
1For a Gross Salary of Rs. 10,000, the breakdown is as follows:
- Basic: Rs. 4000
- HRA: Rs. 2000
- Conveyance: Rs. 800
- Medical Allowance: Rs. 800
- Special Allowance: Rs. 2400
My doubt is whether deducting PF from Basic is correct, and if deducting ESI from Gross is also correct. Is this method accurate? Please advise on the correct method.
From India, Chennai
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Dear Raja, Firstly check current Minimum Wage of your company location (State) and then make Salary break-up.
From India, Chennai
From India, Chennai
Dear raja, Your method is correct pf will be deduct on basic and esi deduct on gross salary
From India, Panipat
From India, Panipat
i think PF is calculated from Basic & all other allowances excluding HRA.... (Kindly check) & ESI is calculated from Gross only.
From India, Chennai
From India, Chennai
PF is to be recovered from basic payable & Other allowances paid, Only exemption is on Payment of HRA.
From India, Ratnagiri
From India, Ratnagiri
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