Need Help For Calculating Salary

Mattamkiran
Hi Vikram,
Simply speaking the deductions depends purely on your CTC. your Inhand amount would be 80-85% of your CTC.
Hope this will answer your query.
Regards,
Kiran.
kaushik_mhrm
Hi Venkat,
After Oct 1,2006, Govt.Notification is out, the ESI Coverage has been hiked to Rs.10000/- instead of Rs.7500. So the employees whose gross salary is upto Rs.10000/- needs to pay ESIC Contribution at 1.75%.
Regards,
Kaushik Mondal
smvsiyer
To get a fair idea about the components , please visit http://incometaxindia.gov.in/general/computation.asp
regards
sathiyamoorthy iyer
gopaltrivedi
Hi,
Everything okay. but for one point i.e. ESIC deposit is not six monthly basis rather on month on month basis.
it is the return only, which is done twice in a year.
thanks
prashant_patil
Mr gopal & samba are quiet true.
Then we have to consider one change in ESIC laws, that when calculating 1.75% and 4.75% the round off will be to next rupee.
Regards
Prashant Patil
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