Hello All,
Gross Salary= Your salary before any PF and ESI and TDS deduction
Net Salary= Your salary- PF deduction- ESI deduction but before TDS deduction
CTC= Yous salary+Employers's ESI and PF Share+other benefits given by the company
Amit Goyal
From India, Delhi
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10Gross Salary= Your salary before any PF and ESI and TDS deduction
Net Salary= Your salary- PF deduction- ESI deduction but before TDS deduction
CTC= Yous salary+Employers's ESI and PF Share+other benefits given by the company
Amit Goyal
From India, Delhi
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Hi, I want to know that Leave deduction can be done on Gross Salary/Net Salary.Please solve this query. Regards Bharti
From India, Indore
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From India, Indore
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Hi can you plz explain is there any satandard format for calculating salary break up or it differ from org.to org? Regards Supriya
From India, Gurgaon
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From India, Gurgaon
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hello Govardhan,
Can you clarify these, like how did u arrive at IT, ProfTax, & Loan Deduction figures?? Is there some standard % figure that will be deducted on a monthly/annual basis for the below?? I understood how you arrived at PF figure, say like 12% of basic. Also can you tell me statutory % figures for contribution by employees/employers set forth by the government w.r.t IT, ProfTax, Loans, etc (pls mention nething else that needs to be take into consideration)?
As far as my understanding goes the IT slab is 10% for the figure(2,38,832) we are discussing in this case. So I tried to deduce how you arrived at IT (750) figure, assuming under 10% IT Slab and tried calculating but could not come to the figure you mentioned.
10% (238832)=23883/12=1990/month. I'm able to arrive closely to 750 by a 4.47% of 16750. Is this correct???
Thanks
From India, Hyderabad
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Can you clarify these, like how did u arrive at IT, ProfTax, & Loan Deduction figures?? Is there some standard % figure that will be deducted on a monthly/annual basis for the below?? I understood how you arrived at PF figure, say like 12% of basic. Also can you tell me statutory % figures for contribution by employees/employers set forth by the government w.r.t IT, ProfTax, Loans, etc (pls mention nething else that needs to be take into consideration)?
As far as my understanding goes the IT slab is 10% for the figure(2,38,832) we are discussing in this case. So I tried to deduce how you arrived at IT (750) figure, assuming under 10% IT Slab and tried calculating but could not come to the figure you mentioned.
10% (238832)=23883/12=1990/month. I'm able to arrive closely to 750 by a 4.47% of 16750. Is this correct???
Thanks
From India, Hyderabad
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I am agree with Rolly, below I put a example ... Basic HRA LA DA Gross PF ESIC Net Pay 5000 2000 1000 2500 10500 600 184 9716
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Dear all,
Please guide me about EPF & ESI percentages that need to be given to the outsourced agency hired by my organization. In total, we have hired 14 helpers from the outsourced agency, and their gross salary is Rs. 7072. Could you please advise on how much PF & ESI contribution should be paid by the employer and how much contribution should be paid by the helper in percentage?
Following the helpers' salary, 5 helpers receive Rs. 7089. Kindly guide on the PF & ESI contributions that should be paid by the employer and the helper. For further information, please email me at ceegulbarga@ceeindia.org.
Thank you and regards,
Gundareddy.U
Project Officer
Centre for Environment Education
Mobile No: 9620121410 / 9620441410
From India, Bagalkot
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Please guide me about EPF & ESI percentages that need to be given to the outsourced agency hired by my organization. In total, we have hired 14 helpers from the outsourced agency, and their gross salary is Rs. 7072. Could you please advise on how much PF & ESI contribution should be paid by the employer and how much contribution should be paid by the helper in percentage?
Following the helpers' salary, 5 helpers receive Rs. 7089. Kindly guide on the PF & ESI contributions that should be paid by the employer and the helper. For further information, please email me at ceegulbarga@ceeindia.org.
Thank you and regards,
Gundareddy.U
Project Officer
Centre for Environment Education
Mobile No: 9620121410 / 9620441410
From India, Bagalkot
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Gross Salary, Net Salary and CTC are different . Net salary is the salary which a employee take home salary. CTC = Cost to Company
From India, Hyderabad
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From India, Hyderabad
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Hi Srishti,
Net Salary = Employee Take Home Salary. CTC = Cost to Company. This is the salary package of an employee. It is expenses of an employer spending on Employee for his service period of one year. CTC is not the actual salary of the employee.
From India, Hyderabad
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Net Salary = Employee Take Home Salary. CTC = Cost to Company. This is the salary package of an employee. It is expenses of an employer spending on Employee for his service period of one year. CTC is not the actual salary of the employee.
From India, Hyderabad
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I am fully in agreement with your example that CTC = gross salary + gratuity + employer contribution (PF, ESI) + bonus + leave encashment + reimbursement. However, some people include employee contributions (PF, ESI) in the gross salary.
Could you please clarify this with an example?
Thank you,
Harpreet Singh
From India, Delhi
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Could you please clarify this with an example?
Thank you,
Harpreet Singh
From India, Delhi
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