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Hi to all. i want to know the format of Salary braeak up with the deduction. and Pf and esi mandatory rules.
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Hy Pawan,
Kindly go through the under mentioned details of Salary break-up & PF & ESI rule.
Salary Break up :
Basic should be 40 % or 50 % of gross salary
HRA 50% of Basic
Conveyance Allow 800/- Tax free
Special Allowance Rest amt in this allowance
Deduction of pf Employee contribution 12% of basic to PF a/c no 1
Employer contribution 12%< from 12% 8.33% will go to employee pension fund A/c no 10 & rest 3.67% will go to the PF a/c no 1
Deduction of ESI Employee contribution 1.75%
Employer contribution 4.75%
(the calculation of ESI done on Gross payable salary)
Thanks & Regards,
Menika Sajwan
Hi Friends, Can a employee eligible for annual leaves encashment with the 7 months service only?
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