Kindly let me know the salary breakup for 10000 ctc with esic & pf net pay ? gross salary ?
From India, Gurgaon
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From India, Gurgaon
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Hi Teena Salary breakup differs from management to management nad industry to industry. Is there any standard structure for salary breakups?
From India, Bangalore
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653From India, Bangalore
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Hi Amith,
I have a question. 12% of the basic is calculated as PF contribution for both the Employee and employer. According to my knowledge, the employee contribution (12% of basic) is deducted from the salary, and the employer contribution, which the company will pay, is not deducted from the employee's salary, right?
In one of my friend's companies, as per the company compensation structure, both contributions are deducted from the employee's salary. Is this the correct way?
From India, Bangalore
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I have a question. 12% of the basic is calculated as PF contribution for both the Employee and employer. According to my knowledge, the employee contribution (12% of basic) is deducted from the salary, and the employer contribution, which the company will pay, is not deducted from the employee's salary, right?
In one of my friend's companies, as per the company compensation structure, both contributions are deducted from the employee's salary. Is this the correct way?
From India, Bangalore
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Dear Gayathri, PT is not but professional Tax. Every 6 months once company has to pay this tax which is collected from the employees. The slab will be various from the state to state.
From India, Madras
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From India, Madras
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Hi, Gayatri.
PT stands for Professional Tax. There are two types of Professional tax: A) Employee Professional Tax and for Organisations & firms. Do you want to know about which PT? Both tax slabs vary from state to state. :)
From India, Bangalore
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PT stands for Professional Tax. There are two types of Professional tax: A) Employee Professional Tax and for Organisations & firms. Do you want to know about which PT? Both tax slabs vary from state to state. :)
From India, Bangalore
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Dear Jeevarathnam, i want to about Employee professional Tax, i got list but kindly confirm once is there any rule are different applicable for gents and for ladies.
From India, Mumbai
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From India, Mumbai
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Dear Jeevarathnam, and also i want to known the due date of deposit professional tax & professional tax return etc.
From India, Mumbai
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From India, Mumbai
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It varies from state to state. In Karnataka we use to submit mnthly basis before 20th of every month
From India, Bangalore
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From India, Bangalore
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Hello,
PT stands for Professional Tax. PT is applicable in some states. In Maharashtra, PT deduction is mandatory for all employees. In the financial year, a total of 2,500/- Rs is deducted over 12 months (i.e., April to March). 200/- Rs is deducted each month, but in February, 300/- Rs is deducted (11 months * 200 = 2,200 + 300 (for February) = 2,500/- per annum).
From India, Pune
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PT stands for Professional Tax. PT is applicable in some states. In Maharashtra, PT deduction is mandatory for all employees. In the financial year, a total of 2,500/- Rs is deducted over 12 months (i.e., April to March). 200/- Rs is deducted each month, but in February, 300/- Rs is deducted (11 months * 200 = 2,200 + 300 (for February) = 2,500/- per annum).
From India, Pune
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EMPLOYEE SALARY INCOME TAX CALCULATION.xls x
Typical salary breakup.jpg