Hello Everyone,
I have few questions,pls help me out on this-
1-)if salary is 30 k inhand then wat will be the gross salary and how to calculate it.
2-)If salary is 30 k and dont want to pay in pf then wat to do in that?what all is required?
3-)what is the max limit in pf which we can deduct , if the salary goes upto 50 k?
4-)if the employee already taking ESI benefit,should company provide mediclaim benefit to them also?or both benefit employee can taken.
Appreciate for the quick replies.
Regards
Preeti
From India, Delhi
3I have few questions,pls help me out on this-
1-)if salary is 30 k inhand then wat will be the gross salary and how to calculate it.
2-)If salary is 30 k and dont want to pay in pf then wat to do in that?what all is required?
3-)what is the max limit in pf which we can deduct , if the salary goes upto 50 k?
4-)if the employee already taking ESI benefit,should company provide mediclaim benefit to them also?or both benefit employee can taken.
Appreciate for the quick replies.
Regards
Preeti
From India, Delhi
Hi Preeti
1) First you need to decide the gross pay and after all deductions you will get Net Pay. With out knowing the deductions it is highly impossible to ascertain the Net salary
2) If any employee is joining the organisation then ask him/her to fill PF Declaration form 11. See whether he/she is covered under EPF. If at all they are covered then you can't exempt. If not covered under EPF in previous companies & if the Basic is above 15000/- then you can exempt.
3) If Basic is above 15000/- then you can restrict to 15000/- only. So 12% on 15000/- is rs. 1800/-
4) If any employee is covered under ESI then no need of Medical policy. If at all company is willing then they can avail both the benefits.
Any doubts you can reach me
From India, Bangalore
1) First you need to decide the gross pay and after all deductions you will get Net Pay. With out knowing the deductions it is highly impossible to ascertain the Net salary
2) If any employee is joining the organisation then ask him/her to fill PF Declaration form 11. See whether he/she is covered under EPF. If at all they are covered then you can't exempt. If not covered under EPF in previous companies & if the Basic is above 15000/- then you can exempt.
3) If Basic is above 15000/- then you can restrict to 15000/- only. So 12% on 15000/- is rs. 1800/-
4) If any employee is covered under ESI then no need of Medical policy. If at all company is willing then they can avail both the benefits.
Any doubts you can reach me
From India, Bangalore
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