mervin-hari
Actually I’m worked in startup company, but there is no esi and pf deduction on salary, so please provide me the breakup for salary 13500
From India, Chennai
HRakash
23

Hi,
Did the company not mention breakup of your remuneration in your offer/appointment letter?
How come your organization is not deducting ESI? It is compulsory for employees drawing gross salary below Rs 21,000.
Usually Basic Salary should not exceed 40% of Gross Salary. Also, HRA should be 50% of Basic Pay(if living in metro city) or 40%(if living in non-metro city).
For Example:
Gross Salary: 13,500
Basic Salary: 5,400 (40% of Gross Salary)
HRA: 2,700 (50% of Basic Salary)
Conveyance Allowance: Rs 1600
Seniors, please guide for any corrections.
Thanks and Regards,
Akash Sharma

From India, Delhi
Aks17
116

Hi
Let us know as to how many people are working in the startup to see what all are applicable under Compliance. For ESI it has to be minimum of 10 employees whereas it is 20 for PF.
Thanks and Regards

From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.