Respected Seniors !!
I would like to know what are the different categories or components in designing the salary Head ...
For the purpose of calculatons viz EPF ,Gratuity calculation, Tax deduction etc .
The (Basic + DA) is also taken in to account while calculating EPF presently in my organisation ( Can it only be calculated only from Basic only excluding DA )
I want to know WHY companies mostly private companies dont have DA in their salary structure ? What is the Actual Logic behind that ?
Lastly is there any Salary Head Name which is not TAXABLE ? ( which might be benefitting to employee in saving the take home pay !
Sangita
I would like to know what are the different categories or components in designing the salary Head ...
For the purpose of calculatons viz EPF ,Gratuity calculation, Tax deduction etc .
The (Basic + DA) is also taken in to account while calculating EPF presently in my organisation ( Can it only be calculated only from Basic only excluding DA )
I want to know WHY companies mostly private companies dont have DA in their salary structure ? What is the Actual Logic behind that ?
Lastly is there any Salary Head Name which is not TAXABLE ? ( which might be benefitting to employee in saving the take home pay !
Sangita