Hello,
The salary slip specimen shows the employers contribution for the PF & ESI along with the Gratuity constraint (explained very well by Mr.C.M Mohla) which sums up your CTC.
As per your salary in hand is concern,the deduction part comes into the picture.Now from your Gross salary 7649 the deductions are as follows:
Employee contribution
1)PF contribution= (basic+DA)*12%=(3825+765)* 12%=550.80
2)ESI contribution=gross*1.75%=133.85
Total deduction= 550.80+133.85=684.65
Hence total salary in hand= gross-deductions=7649-684.65=6964
Hope the above explanation along with C.M.Mohla's explanation help serve your purpose.
The salary slip specimen shows the employers contribution for the PF & ESI along with the Gratuity constraint (explained very well by Mr.C.M Mohla) which sums up your CTC.
As per your salary in hand is concern,the deduction part comes into the picture.Now from your Gross salary 7649 the deductions are as follows:
Employee contribution
1)PF contribution= (basic+DA)*12%=(3825+765)* 12%=550.80
2)ESI contribution=gross*1.75%=133.85
Total deduction= 550.80+133.85=684.65
Hence total salary in hand= gross-deductions=7649-684.65=6964
Hope the above explanation along with C.M.Mohla's explanation help serve your purpose.