i have a query. Because i am a fresher i have got an assignment for making a salary slip of a employee who has joined late in company i.e on 8th of month so how can i deduct his 7 day salary or how can i show it on salary slip.
Take basic+DA as 60% of CTC, HRA can be from 5% to 60% of CTC as per the town, Coneyance allowance is fixed upto 1600, Special allowance can be treated as city compensatory allowance and divide the rest of amount in City compensatory and other allowances like dressing or mobile or washing etc.
In case of certain industries the special allowance is fixed.
And about calculation you can simply divide his salary by 30 and multiply with no. of days.
HI
Can anyone Knew about preset percentage of pf all companies are started different deduction in salaries all are saying as per new rule 2016 pf deductions are increased now am totally confused please help me below I mentioned my colleague salary numbers for reference gross is 21000 and basic20%hra20%canveyance10%lta10%medical10%others1 0%Fbp20%.deduction part is pf and gratuity and meal coupons(but he is not registered in meal coupons pf percentage 12% but I thought changed or not I don't no exact details now he is getting 17789 3000 was deducted in gross is this right please help me
thanks
venkateshhrm@yahoo.in
7207442648
Dear Mr.Venkatesh,
Pls. note PF Deductions of Basic + CA =12%.
For. Example a Person Salary is = 15000/- and his working day=30.
Basic = 10500
HRA = 3000
CA = 1500
And his Pf Deduction = Basic + CA =12000 Pf Deduction is 1440/-
I think i was clear. If there is any changes pls. let me know.
Best Regards,
Ambika
I want to know minimum wages of person working in shops & establishments in tamil nadu. I will be thankful if you provide me classification of zones as well.
Thanks..Sunil Patil
Dear Principles,
Kindly any one share the salary break format for the Mobile showroom manager at tamil nadu minimum wager act.
For your kind information..
Regarding,
Danish
Dear Sir,
details are follow
Basic : 40% for non metro city 50% for metro city.
HRA : 50% of Basic for metro city's like Delhi, Mumbai, Kolkata and Chennai. and 40% of CTC for others city's.
Medical Allowance - 1250/- tax exemption
Transport Allowance : Till Rs.800/- (per month) is not taxable
Provident Fund : 12% of basic for employee & employer.
Gratuity : 4.8% of Basic (Employees who worked in an organisation for minimum 5 yrs are eligible for the same)
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