If an employee gross salary is 20000 Rs Then
Net Salary = 20000-(PF 1800 + ESI 350 + PT 150)= 17700 Rs
(PT varies from state to state)
Cost To Company = Gross Salary + 13.36% PF on Basic wage + 4.75% ESI On Gross Salary
Read complete difference @ Gross Salary Net Salary Difference & Cost To Company

From India, Hyderabad

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