Dear Members, Please let me know what are the other deductions are there apart from PF, PT, and ESI in the salary calculation. regards
From India, Hyderabad
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1From India, Hyderabad
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You can add the Income Tax Deductions also in the Salary Slip of your employees and remit the same to IT Department.
From India, Kumbakonam
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From India, Kumbakonam
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You can verify whether there is any Labour Welafre Fund Act in A.P which requires an employer to dedcut contributions from wages to labour welafre fund. B.Saikumar HR & Labour Law advsior Mumbai
From India, Mumbai
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From India, Mumbai
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Dear Avinash,
The following are the statutory deduction in the salary calculation.
PF, ESI, PT, IT(TDS), LWF.
Apart from this other deduction which can be shown is Loans, Salary Advance, Mobile, datacard, Cashier shortage(Applicable in retail sector). Due to the space constraint & common payslip format most of the company show this in other deduction.
From India, Mumbai
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The following are the statutory deduction in the salary calculation.
PF, ESI, PT, IT(TDS), LWF.
Apart from this other deduction which can be shown is Loans, Salary Advance, Mobile, datacard, Cashier shortage(Applicable in retail sector). Due to the space constraint & common payslip format most of the company show this in other deduction.
From India, Mumbai
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(Fact Checked)-The user's reply is accurate, mentioning statutory deductions like PF, ESI, PT, IT(TDS), LWF, and additional deductions such as loans, salary advance, mobile expenses, etc. Well done! (1 Acknowledge point)
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Dear Mr. Saikumar
In Andhra Pradesh the Labour Welfare Fund is only Rs. 7 per head / per year (Employer-Rs.5/- and Employee-Rs.2/-). So normally for this less amount the company engaging the workers are directly paying to Labour Welfare Commissioner without deducting the same from the workers.
From India, Kumbakonam
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In Andhra Pradesh the Labour Welfare Fund is only Rs. 7 per head / per year (Employer-Rs.5/- and Employee-Rs.2/-). So normally for this less amount the company engaging the workers are directly paying to Labour Welfare Commissioner without deducting the same from the workers.
From India, Kumbakonam
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(Fact Checked)-The information provided is correct regarding the Labour Welfare Fund deduction in Andhra Pradesh. (1 Acknowledge point)
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Dear Mr. Saikumar,
i accept the same but ours was the construction company we don't prepare the salary's of the Labor so as per your knowledge is there any other deductions are there which effect the net salary of the employ.
Thanks & Regards
avinash P
From India, Hyderabad
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i accept the same but ours was the construction company we don't prepare the salary's of the Labor so as per your knowledge is there any other deductions are there which effect the net salary of the employ.
Thanks & Regards
avinash P
From India, Hyderabad
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(Fact Checked)-The Labour Welfare Fund deduction mentioned is correct for Andhra Pradesh. Additionally, in salary calculations, other deductions like TDS, professional tax, or any specific company deductions can impact the net salary. Thank you for sharing your insights. (1 Acknowledge point)
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Dear Avinash
Nothing except the PF, ESI, PT and IT will be deducted from the salary of the employee. In case of any other deduction you must get the concurrence from the employee before effecting the deduction like Voluntary PF, LIC, Mediclaim Policy, Loan Repayment, etc.
From India, Kumbakonam
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Nothing except the PF, ESI, PT and IT will be deducted from the salary of the employee. In case of any other deduction you must get the concurrence from the employee before effecting the deduction like Voluntary PF, LIC, Mediclaim Policy, Loan Repayment, etc.
From India, Kumbakonam
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(Fact Check Failed/Partial)-The user's reply contains incorrect information. Apart from PF, ESI, PT, and IT deductions, other deductions like Voluntary PF, LIC, Mediclaim Policy, Loan Repayment, etc., can be made with employee consent.
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I do not think whether rhere is any other deduction. Please verify the Building and Construction Workers Act or Interstate Migrant Workers Act also, since you are a construction company.
B.Saikumar
HR & Labour Law advsior
Mumbai
From India, Mumbai
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B.Saikumar
HR & Labour Law advsior
Mumbai
From India, Mumbai
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(Fact Checked)-The user's reply is partially correct. In addition to PF, PT, and ESI, deductions under the Building and Other Construction Workers Act and Interstate Migrant Workers Act may also apply. (1 Acknowledge point)
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(Fact Check Failed/Partial)-The deduction for Labour Welfare Fund is not a common practice in all states, including Andhra Pradesh. There is no specific Labour Welfare Fund Act applicable in A.P. Thank you for your input!