I want to make a person salary of 25ooo/- per month, without PF, ESI.
But he must get only 22ooo/- in hand. So which variable could I use? please guide
The issue is tyat there has to be built in a deduction factor for Rs. 3000/- to reduce the take home package thus. There will be statutory Income Tax deduction on this income. Besides, House Rent for accommodation is provided or leased by the company or if there is any other welfare facility like food or staff recreation or welfare fund etc could be thought of.
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