sujata-agarwalHello Everyone, I have a this case with me where i need to change my current salary structure. There is one candidate whose CTC has been decided as Rs. 50,000 per month but he wants Rs.45,000 per month. Since, the candidate is good and fulfil our requirement so we don't want to pass this opportunity. Kindly suggest me how can i design my salary structure with EPF and gratuity deduction that he got Rs. 45,000 in hand after all the deductions.
From India, Sohna
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
hrsaurabh0001Hi, Kindly Put
Medical Reimbursement 1250
And The EPF will from Employer side 2180.36 and the gratuity will as per month (Basic*4.81%) =807 then Gross will =50000-(2180.36+807)=47012.64
And now the epf will from employee will be =basic*12%=2012.64 , so the now the net salary in hand = Gross -EPF from Emplyee= 47012.64-2012.64= 45000 in Hand .
From India, Delhi