I have a query. Because I am a fresher, I have been assigned to create a salary slip for an employee who joined the company late, on the 8th of the month. How can I deduct his 7-day salary or how can I show it on the salary slip?
Thank you.
From India, Mumbai
Acknowledge(0)
Amend(0)
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
Take basic+DA as 60% of CTC. HRA can range from 5% to 60% of CTC depending on the town. Conveyance allowance is fixed up to 1600. Special allowance can be considered as city compensatory allowance, and the remaining amount can be divided into City compensatory and other allowances such as dressing, mobile, or washing, etc.
In certain industries, the special allowance is fixed. When calculating, you can simply divide the salary by 30 and multiply it by the number of days.
From India, Mumbai
Acknowledge(0)Amend(0)
1In certain industries, the special allowance is fixed. When calculating, you can simply divide the salary by 30 and multiply it by the number of days.
From India, Mumbai
Acknowledge(0)Amend(0)
Hi,
Can anyone know about the preset percentage of PF? All companies have started different deductions in salaries. Everyone is saying that as per the new rule of 2016, PF deductions have increased. Now, I am totally confused. Please help me. Below, I mentioned my colleague's salary numbers for reference. His gross is 21000, and the breakdown is as follows: Basic 20%, HRA 20%, Conveyance 10%, LTA 10%, Medical 10%, Others 10%, and FBP 20%. The deduction part includes PF, gratuity, and meal coupons (although he is not registered in meal coupons). The PF percentage is 12%, but I am not sure if it has changed. He is currently getting 17789, with 3000 deducted from his gross. Is this correct? Please help me.
Thanks,
venkateshhrm@yahoo.in
7207442648
From India, Hyderabad
Acknowledge(0)Amend(0)
Can anyone know about the preset percentage of PF? All companies have started different deductions in salaries. Everyone is saying that as per the new rule of 2016, PF deductions have increased. Now, I am totally confused. Please help me. Below, I mentioned my colleague's salary numbers for reference. His gross is 21000, and the breakdown is as follows: Basic 20%, HRA 20%, Conveyance 10%, LTA 10%, Medical 10%, Others 10%, and FBP 20%. The deduction part includes PF, gratuity, and meal coupons (although he is not registered in meal coupons). The PF percentage is 12%, but I am not sure if it has changed. He is currently getting 17789, with 3000 deducted from his gross. Is this correct? Please help me.
Thanks,
venkateshhrm@yahoo.in
7207442648
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Mr. Venkatesh,
Please note PF deductions of Basic + CA = 12%. For example, a person's salary is 15000/- and his working days are 30. His breakdown is as follows:
- Basic = 10500
- HRA = 3000
- CA = 1500
PF Deduction = Basic + CA = 12000. The PF deduction is 1440/-.
I hope I have made myself clear. If there are any changes, please let me know.
Best Regards,
Ambika
From India, undefined
Acknowledge(0)Amend(0)
Please note PF deductions of Basic + CA = 12%. For example, a person's salary is 15000/- and his working days are 30. His breakdown is as follows:
- Basic = 10500
- HRA = 3000
- CA = 1500
PF Deduction = Basic + CA = 12000. The PF deduction is 1440/-.
I hope I have made myself clear. If there are any changes, please let me know.
Best Regards,
Ambika
From India, undefined
Acknowledge(0)Amend(0)
Hi - Can any one guide me salary structured as per minumum wages for year 2016-17. Thanks...Sunil Patil
From India, Andheri
Acknowledge(0)Amend(0)
From India, Andheri
Acknowledge(0)Amend(0)
I want to know minimum wages of person working in shops & establishments in tamil nadu. I will be thankful if you provide me classification of zones as well. Thanks..Sunil Patil
From India, Andheri
Acknowledge(0)Amend(0)
From India, Andheri
Acknowledge(0)Amend(0)
Dear Principles, Kindly any one share the salary break format for the Mobile showroom manager at tamil nadu minimum wager act. For your kind information.. Regarding, Danish
From India, Chennai
Acknowledge(0)Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Dear Sir,
Details are as follows:
Basic: 40% for non-metro cities, 50% for metro cities.
HRA: 50% of Basic for metro cities like Delhi, Mumbai, Kolkata, and Chennai, and 40% of CTC for other cities.
Medical Allowance: ₹1250/- tax exemption.
Transport Allowance: Up to ₹800/- per month is not taxable.
Provident Fund: 12% of basic for both employee and employer.
Gratuity: 4.8% of Basic (Employees who have worked in an organization for a minimum of 5 years are eligible for the same).
From India, Ahmedabad
Acknowledge(0)Amend(0)
Details are as follows:
Basic: 40% for non-metro cities, 50% for metro cities.
HRA: 50% of Basic for metro cities like Delhi, Mumbai, Kolkata, and Chennai, and 40% of CTC for other cities.
Medical Allowance: ₹1250/- tax exemption.
Transport Allowance: Up to ₹800/- per month is not taxable.
Provident Fund: 12% of basic for both employee and employer.
Gratuity: 4.8% of Basic (Employees who have worked in an organization for a minimum of 5 years are eligible for the same).
From India, Ahmedabad
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.