Hi all,
Please note the case as follows:
One is having 15000/- PM breakup as follows:
Basic - 9000/-
HRA - 4500/-
Conv - 1500/-
Total - 15000/-
Salary is with PF deduction at 12% on min Basic at Rs 6500/-
In the month of Jan-08, leave was -01 day
TDS deduction Rs. 500/- PM
(1) Please calculate the net salary for Jan-08 with a suitable salary format presentation.
All unaltered for Feb-08 with a leave of 2.5 days (All remained unchanged TDS and all).
(2) Please calculate the net salary for Feb-08 after all deductions with a suitable salary format for easy understanding by the employee as a simple structure of a payslip.
Waiting for a reply with a strong format but easy to understand.
Thanks,
Tarun from Delhi
From India, Lucknow
Acknowledge(0)
Amend(0)
4Please note the case as follows:
One is having 15000/- PM breakup as follows:
Basic - 9000/-
HRA - 4500/-
Conv - 1500/-
Total - 15000/-
Salary is with PF deduction at 12% on min Basic at Rs 6500/-
In the month of Jan-08, leave was -01 day
TDS deduction Rs. 500/- PM
(1) Please calculate the net salary for Jan-08 with a suitable salary format presentation.
All unaltered for Feb-08 with a leave of 2.5 days (All remained unchanged TDS and all).
(2) Please calculate the net salary for Feb-08 after all deductions with a suitable salary format for easy understanding by the employee as a simple structure of a payslip.
Waiting for a reply with a strong format but easy to understand.
Thanks,
Tarun from Delhi
From India, Lucknow
Acknowledge(0)Amend(0)
The case presented is wrong.
1. When the basic is 9000/=, PF should be computed either for the whole basic, which is 9000 * 12% = 1080, or as per statutory requirements, where the minimum PF amount contributable is 780/= for those who are above the basic of 6500/=.
2. Regarding leave, are you referring to paid leave or LOP leave?
From India, Hyderabad
Acknowledge(0)Amend(0)
1. When the basic is 9000/=, PF should be computed either for the whole basic, which is 9000 * 12% = 1080, or as per statutory requirements, where the minimum PF amount contributable is 780/= for those who are above the basic of 6500/=.
2. Regarding leave, are you referring to paid leave or LOP leave?
From India, Hyderabad
Acknowledge(0)Amend(0)
Hi Ibrahim,
Thank you for the response. Well, the leaves are not paid leaves, and moreover, the company shows 9000/- as basic, but PF cuts on 6500/- as statutory.
Please go through and reply if any other data you require.
Thank you,
Tarun
From India, Lucknow
Acknowledge(0)Amend(0)
Thank you for the response. Well, the leaves are not paid leaves, and moreover, the company shows 9000/- as basic, but PF cuts on 6500/- as statutory.
Please go through and reply if any other data you require.
Thank you,
Tarun
From India, Lucknow
Acknowledge(0)Amend(0)
Hi all 84 views and only 03 replies so negligible please add some soon.. waiting thnx tarun
From India, Lucknow
Acknowledge(0)Amend(0)
From India, Lucknow
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
SALARY with out PF Deduction.xls
PF deduction on leave encashment.doc