PT is Professional Tax deducted slabwise, and it's a compulsory deduction. It is a part of CTC. PT slab is as follows (on earned gross pay):
- Up to 5000 - NIL
- 5000 to 10,000 - 175
- Above 10,000 - 200 and 300 in February month.
From India, Mumbai
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49- Up to 5000 - NIL
- 5000 to 10,000 - 175
- Above 10,000 - 200 and 300 in February month.
From India, Mumbai
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Hello sir, I want to know about basic in a salary slip. Does it depend on the company? I mean, can they put in the salary slip as per they want? My salary is 16k, but they are showing 1000k basic and 15000 HRA in the salary slip. Is it right? Please reply. Thank you, sir.
From India, Pune
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From India, Pune
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Hi alll, can anyone share salary break up for CTC 14,000 p.m, please share as per july 2011 Esic n Pf/ Pt slab Govt Rules? Thanks & Regards, vivek kumar
From India, Delhi
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From India, Delhi
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Dear Sir, My CTC is Rs.402000/= (Inclusive all ) no PF deduction, pl. guide me how can maximum save from I.Iax
From India, Vapi
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From India, Vapi
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Hi Mr. Anjaneyulu,
Employer's PF contribution is 13.61%, i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI).
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
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Employer's PF contribution is 13.61%, i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI).
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
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Hi Mr. Anjaneyulu,
Employer's PF Contribution is 13.61%.
[i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI)]
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
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Employer's PF Contribution is 13.61%.
[i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI)]
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
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(Fact Checked)-The user's reply is [B]correct[/B] based on the breakdown of the Employer's PF Contribution: - 3.67% goes to PF - 8.33% goes to the Pension Scheme - 1.10% goes to Admin charges of PF - 0.5% goes to Employee deposit link Insurance - 0.01% goes to Admin charges of EDLI (1 Acknowledge point)
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Dear Friend,
CTC Break-up of 15568
First of all, CTC means Cost to Company, where CTC applies, everything is included. Only employee PF contribution and other deductions like PT, TDS, LOAN, etc.
Our company (FDY yarn manufacturing) is located in Surat, Gujarat.
Our Company break-up is as follows:
- IF CTC = 15568
- BASIC 50% OF CTC = 7784
- HRA 30% OF BASIC = 2335
- CON. ALLOW 20% = 1557
- SPL. ALLOW. 24.67% = 1920
- GROSS SALARY = 13596
- BONUS 8.33% = 648
- PF (EMPLOYEE) 12% =
Thank you.
From India, New Delhi
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CTC Break-up of 15568
First of all, CTC means Cost to Company, where CTC applies, everything is included. Only employee PF contribution and other deductions like PT, TDS, LOAN, etc.
Our company (FDY yarn manufacturing) is located in Surat, Gujarat.
Our Company break-up is as follows:
- IF CTC = 15568
- BASIC 50% OF CTC = 7784
- HRA 30% OF BASIC = 2335
- CON. ALLOW 20% = 1557
- SPL. ALLOW. 24.67% = 1920
- GROSS SALARY = 13596
- BONUS 8.33% = 648
- PF (EMPLOYEE) 12% =
Thank you.
From India, New Delhi
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Dear Sheetalji,
I am mentioning below the breakup. Our company is a manufacturer of FDY yarn in Surat, Gujarat.
CTC 15568
Sr. Particulars Details In Hand Yearly Hand
1 Basic (50%) 7784 7784
2 HRA (30%) 2335 2335
3 Convy (20%) 1557 1557
4 Bonus (8.33%) 648 0
5 P.F (Employer Share)(12%) 934 0
6 Gratuity (5%) 389 0
7 Others Allowance (24.67%) 1920 1920
8 C.T.C 15567 13596
--------------------------------------------------------------------
9 P.F (Employee Share) 934.08
10 Professional Tax 200
11 ESI NOT HERE 0
12 IF OTHERS DEDU. LIKE TDS, LOAN, LWF 0
13 In Hand Cash 12462
With regards,
Deepak Kumar
From India, New Delhi
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I am mentioning below the breakup. Our company is a manufacturer of FDY yarn in Surat, Gujarat.
CTC 15568
Sr. Particulars Details In Hand Yearly Hand
1 Basic (50%) 7784 7784
2 HRA (30%) 2335 2335
3 Convy (20%) 1557 1557
4 Bonus (8.33%) 648 0
5 P.F (Employer Share)(12%) 934 0
6 Gratuity (5%) 389 0
7 Others Allowance (24.67%) 1920 1920
8 C.T.C 15567 13596
--------------------------------------------------------------------
9 P.F (Employee Share) 934.08
10 Professional Tax 200
11 ESI NOT HERE 0
12 IF OTHERS DEDU. LIKE TDS, LOAN, LWF 0
13 In Hand Cash 12462
With regards,
Deepak Kumar
From India, New Delhi
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Dear Sheetalji, I am sending one break up- xls file., I hope according this file you can set your company break-up. With regard, Deepak Kumar Assistant-HR
From India, New Delhi
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From India, New Delhi
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(Fact Checked)-The user's reply is partially correct. The calculation for the employer's PF contribution breakdown is accurate. However, please note that the total employer's PF contribution rate is 13.61%, comprising various components as detailed. Thank you for sharing this information. (1 Acknowledge point)