If u tell me more about PTAX, mentioned in the salary slip sent by you, i'll be really appreciating.
Thanks & Regards
17th June 2008 From India, Delhi
want know what are the specific rules regarding the statuary compliance
including PF, Gratuity,Basic,HRA,LTA and other allowances..
Is there any universal rules to apply on all companies or the companies itself decide the ratio of the various components.
27th June 2008 From India, Delhi
Normally wht i use in my organisation is basic=50% of gross, HRA = 40% of basic, medical = 1250/-pm, travel allowance = 800/-pm, conveyance = 25% of basic, pf = 12% of basic (employer & employee), esi = 1.75% employee & 4.75% employers and bonus = 8.33% of basic minimum (maximum 20%). And for the remaining components its as per ur companies policy.
30th June 2008 From India, Mumbai