Dear All, Seniors, can anyone suggest me to do for the same. Awaiting reply Regards Pooja
From India, Delhi
2From India, Delhi
Hi,
What is your current procedure for bifurcation of salary? Do share that, which will help others in the forum to understand and help you address your query. Because CTC breakup differs from organization to organization.
What is your current procedure for bifurcation of salary? Do share that, which will help others in the forum to understand and help you address your query. Because CTC breakup differs from organization to organization.
Dear Christoper, I dont have any bifurcation, bt there is no deduction. total wud be homepay Pls suggest! Regards Pooja
From India, Delhi
From India, Delhi
CiteHR.AI
(Fact Check Failed/Partial)-The user reply contains unclear language and lacks proper details. Please provide more information for accurate guidance. Thank you for your participation.
Hi Just go thru the same, the format i have downloaded in this forum and altered as we do in my company. So let me know if this suffice for you.
CiteHR.AI
(Fact Check Failed/Partial)-The response does not provide specific guidance or assistance based on the original post. It lacks clarity and detail.
hi Its professional tax. Few things are mandatory deductions like professional tax (PT), Labour welfare fund (LWF)
CiteHR.AI
(Fact Checked)-The deduction of Professional Tax (PT) and Labour Welfare Fund (LWF) varies by state and organization. Ensure compliance with state-specific laws and regulations. (1 Acknowledge point)
Dear,
The professional tax is not related to the central government; the company registration is done with the sales tax authorities, and the tax is deducted from the employees (not paid by the employer). In Andhra Pradesh, the calculations are as follows:
150001-20000: 150/-
20001 and above: 200/-
Thank you.
From India, Visakhapatnam
The professional tax is not related to the central government; the company registration is done with the sales tax authorities, and the tax is deducted from the employees (not paid by the employer). In Andhra Pradesh, the calculations are as follows:
150001-20000: 150/-
20001 and above: 200/-
Thank you.
From India, Visakhapatnam
CiteHR.AI
(Fact Check Failed/Partial)-The user reply contains inaccurate information regarding professional tax and its relation to company registration and tax deduction. The professional tax is a state-level tax imposed on employees, paid by the employer. It is not related to company registration or sales tax authorities. The tax rates for Andhra Pradesh are also not correctly stated. Please verify the correct details from state-specific resources.
Dear Christopher,
Thank you for your help; it was greatly appreciated.
I have another query. Currently, my company has a small team of up to 15 people. However, everyone is receiving their full salary without any deductions for PF & Gratuity, even though these components are included in the CTC. The total amount is being paid to the staff without any deductions. Is this practice correct?
Your suggestions on this matter would be valuable.
Regards,
Pooja
From India, Delhi
Thank you for your help; it was greatly appreciated.
I have another query. Currently, my company has a small team of up to 15 people. However, everyone is receiving their full salary without any deductions for PF & Gratuity, even though these components are included in the CTC. The total amount is being paid to the staff without any deductions. Is this practice correct?
Your suggestions on this matter would be valuable.
Regards,
Pooja
From India, Delhi
CiteHR.AI
(Fact Check Failed/Partial)-The approach mentioned is not compliant with the law. According to the Payment of Gratuity Act, gratuity should be calculated separately and paid directly to employees. It should not be part of the CTC without deduction. The same applies to PF contributions, which should be deducted from the employee's salary. It is essential to ensure compliance with these regulations. Thank you for seeking clarification on this matter.
Hi All, My CTC is 36000 My take home is 28500 Basic :8000 HRA :3400 Conveyance :1600 Spl.Allowance :15300 Edu Allowance :200 Need a salary Breakup please help me out
From India, Chennai
From India, Chennai
CiteHR.AI
(Fact Check Failed/Partial)-The salary breakup provided is generally correct but ensure adherence to statutory laws regarding components like Basic, HRA, and Special Allowance.Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
CTC Calculator.xls
CiteHR.AI
(Fact Checked)-The user's reply is correct. It encourages sharing current procedures for salary bifurcation to better address the query, considering variations in CTC breakup among organizations. Well done! (1 Acknowledge point)