Salary Breakup [Thread 403888]

Kindly let me know the salary breakup for
10000 ctc with esic & pf
net pay ?
gross salary ?

Hi Teena
Salary breakup differs from management to management nad industry to industry. Is there any standard structure for salary breakups?

Hi Amith,
I hav a question. 12% of the basic is calculated as PF contribution for both Employee & employer.
According to my knowledge, employee contribution (12% of basisc) is deducted from the salary & the employer contribution ,company will pay, not deducted from employee salary right ?
In one of my friend's company, as per the company compensation structure , both the contribution is deducted from employee salary. Is it the correct way ?

Dear Gayathri,
PT is not but professional Tax. Every 6 months once company has to pay this tax which is collected from the employees. The slab will be various from the state to state.

Hi Gayatri
PT is Professional Tax. There are 2 types of Professional tax. A) Employee professional Tax and For Organisations&firms.
You want to know abt which PT? Both the tax slabs varies from state to state.
:)

Dear Jeevarathnam,
i want to about Employee professional Tax, i got list but kindly confirm once is there any rule are different applicable for gents and for ladies.

Dear Jeevarathnam,
and also i want to known the due date of deposit professional tax & professional tax return etc.

It varies from state to state.
In Karnataka we use to submit mnthly basis before 20th of every month

Hello,
PT stands for professional Tax
PT applicable in some states
In Maharstra;PT deduction is must for all employees.In financial year; total 2,500/- Rs are deducted in 12 months(ie - April till march)
200/- Rs deducted each month but only in February month 300/- rs are deducted (11 months*200 = 2,200 + 300(for February) = 2,500/- per annum)

hi i am account executive i have learn everything related to accounts but i don't have knowledge about taxation so i want to learn more about taxation in less duration, so please advice me what can i do for future