Dear all,
Suppose a person's gross salary is Rs.8000/-. Now he has taken loan, advance etc..Now to recover this I have to deduct some amount from his salary towards loan and advance, also PF,ESI, PT has to be deducted and also he has to be paid some salary for the month worked. So my question is...
a) How much to deduct? Because after deduction very less is left over as his take home salary?
b) Is there a minimum level after which one cannot deduct?
Again not to forget that I cannot deduct the whole salary.
Please help.
From India, Guwahati
1Suppose a person's gross salary is Rs.8000/-. Now he has taken loan, advance etc..Now to recover this I have to deduct some amount from his salary towards loan and advance, also PF,ESI, PT has to be deducted and also he has to be paid some salary for the month worked. So my question is...
a) How much to deduct? Because after deduction very less is left over as his take home salary?
b) Is there a minimum level after which one cannot deduct?
Again not to forget that I cannot deduct the whole salary.
Please help.
From India, Guwahati
it is compulsory to effect stautory deductions like P.F.ESI,Professional tax,labour welfare fund, and deductions towards coop.society etc. on first priority.In terms of Payment of Wages Act 1936, the dedcutions shall not exceed 50% of the wages and if coop.society deductions are includes, it shall not exceed 75% of the wages.
B.Saikumar
Mumbai
From India, Mumbai
B.Saikumar
Mumbai
From India, Mumbai
Mr Sinha,
Professional Tax (PT) always to be deducted on Earning Gross Salary only. Not on Net Salary.
That means to say, after calculating a person Salary as per his attendance in a month, it arrives Gross Earned salary. On that only PT is to be deducted.
Hope the above my statement is correct.
Regards
Murali
From India, Hyderabad
Professional Tax (PT) always to be deducted on Earning Gross Salary only. Not on Net Salary.
That means to say, after calculating a person Salary as per his attendance in a month, it arrives Gross Earned salary. On that only PT is to be deducted.
Hope the above my statement is correct.
Regards
Murali
From India, Hyderabad
Dear sinha,
Greetings. The statutory deductions have to be made from the gross salary and then out of the balance othe deductions towards loans and advances etc can be made and the net salary should not fall below 40percent including all deducions.
Hope you are niw clear.
with regds,
ramanathan
advocate and labour law consultant
From India, Coimbatore
Greetings. The statutory deductions have to be made from the gross salary and then out of the balance othe deductions towards loans and advances etc can be made and the net salary should not fall below 40percent including all deducions.
Hope you are niw clear.
with regds,
ramanathan
advocate and labour law consultant
From India, Coimbatore
dear friend
Payment of wages act has given some important guidelines for salary deduction i.e., statutory. general etc. In this regard, it is better to have a glance in payment of wages act, deductions in particular to have detailed deductions
From India, Hyderabad
Payment of wages act has given some important guidelines for salary deduction i.e., statutory. general etc. In this regard, it is better to have a glance in payment of wages act, deductions in particular to have detailed deductions
From India, Hyderabad
Dear All,
I needed clarity on points how munch advance deduction can be made from workers monthly salary, suppose his gross monthly salary is Rs. 10474 and PF deduction is Rs. 1257, Employee ESI deduction is Rs. 79. Then can he is eligible to deduction advance amount Rs. 4000 including all statutory deduction PF & ESIC.
what is the provision of deduction as per the act in above cases. Worker has given consent for deduction from his monthly salary.
From India, Raipur
I needed clarity on points how munch advance deduction can be made from workers monthly salary, suppose his gross monthly salary is Rs. 10474 and PF deduction is Rs. 1257, Employee ESI deduction is Rs. 79. Then can he is eligible to deduction advance amount Rs. 4000 including all statutory deduction PF & ESIC.
what is the provision of deduction as per the act in above cases. Worker has given consent for deduction from his monthly salary.
From India, Raipur
Dear All,
I needed clarity on points how munch advance deduction can be made from workers monthly salary, suppose his gross monthly salary is Rs. 10474 and PF deduction is Rs. 1257, Employee ESI deduction is Rs. 79. Then can he is eligible to deduction advance amount Rs. 4000 including all statutory deduction PF & ESIC.
what is the provision of deduction as per the act in above cases. Worker has given consent for deduction from his monthly salary.
What the act said the payment of wages act and what was the calculation in above case
From India, Raipur
I needed clarity on points how munch advance deduction can be made from workers monthly salary, suppose his gross monthly salary is Rs. 10474 and PF deduction is Rs. 1257, Employee ESI deduction is Rs. 79. Then can he is eligible to deduction advance amount Rs. 4000 including all statutory deduction PF & ESIC.
what is the provision of deduction as per the act in above cases. Worker has given consent for deduction from his monthly salary.
What the act said the payment of wages act and what was the calculation in above case
From India, Raipur
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Rules for Statutory Deductions Exemptions Perquisites-Pay roll.doc