Dear Sir,
Following components are shown in CTC/ offer letter:
1) LTA - Paid Annually
2) Medical Allowance - Paid quarterly
3) Ad hoc allowance - Paid quarterly
Can we take these components into consideration while fixing the PT slab rate? Are they part of the gross salary? How should we decide the PT slab rate? Because in some months, the gross salary will be less, but in some months, the gross salary will be high due to the disbursement of these allowances/benefits.
What is the gross salary for PT calculation?
Thank you.
From India, Pune
Acknowledge(0)
Amend(0)
47Following components are shown in CTC/ offer letter:
1) LTA - Paid Annually
2) Medical Allowance - Paid quarterly
3) Ad hoc allowance - Paid quarterly
Can we take these components into consideration while fixing the PT slab rate? Are they part of the gross salary? How should we decide the PT slab rate? Because in some months, the gross salary will be less, but in some months, the gross salary will be high due to the disbursement of these allowances/benefits.
What is the gross salary for PT calculation?
Thank you.
From India, Pune
Acknowledge(0)Amend(0)
Gross salary is know as total earning and PT is applicable on earnings. Hence, whatever amount earn in the month, PT is applicable on that other than bonus.
From India, Vadodara
Acknowledge(0)Amend(0)
From India, Vadodara
Acknowledge(0)Amend(0)Join 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 Sheet & PF PT Calculation & Challan Nov 2010.xls