Dear All Could U tell me in detail what are the salary deductions of any type of employee. I am eager to know Regards Manikyam Hyderabad
From India, Hyderabad
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9From India, Hyderabad
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Dear, PF % is 12% of Basic. ESI % is 1.75% of Gross. Gratuity % is 4.81% of Basic. Regards' S.K. Sinha Manager - HR
From India, Delhi
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Salary deductions are somewhat different besides Provident Fund (PF), such as in the bank. The PF deduction is 10% of the basic salary. Tax Deducted at Source (TDS) depends upon the salary range. Additionally, there is the option to contribute to the Death Relief Fund (DRF) or opt for Group Insurance at ₹125 per month. The festival advance amount varies based on the basic salary and can be repaid in 10 monthly installments.
From India, Delhi
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From India, Delhi
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PF is 12% on Basic & DA, and the wage limit is ₹6500. ESI is 1.75% on Gross wages. The employer contribution is 4.75% of Gross Wages. Both PF & ESI are calculated on an attendance basis.
Regards,
Kavitha M.J
From India, Hyderabad
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Regards,
Kavitha M.J
From India, Hyderabad
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Dear Manikyam, PF is 12% of Basic ESI is 1.75 % of Gross Gratuity is 4.81% of Basic. Regards Satya
From India, Delhi
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From India, Delhi
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Dear Manikyam, Pls find enclosed PPT, it will help you to understand the PF and ESIC Regards, Sanjeev
From India, Mumbai
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From India, Mumbai
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Dear all,
I am pursuing an MBA in HR from Pune. I have completed all my exams. Now, I need to submit my final case study/project. Please help me with this.
Please find attached a sample case study. According to this format, I need to develop my project. Kindly assist me in utilizing the attached sample case study to enhance the value of my project.
Thank you.
From India, Thana
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I am pursuing an MBA in HR from Pune. I have completed all my exams. Now, I need to submit my final case study/project. Please help me with this.
Please find attached a sample case study. According to this format, I need to develop my project. Kindly assist me in utilizing the attached sample case study to enhance the value of my project.
Thank you.
From India, Thana
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Dear Sanjeev,
Very nice presentation and informative too. I would like to add one point which is not mentioned in the presentation:
Form 5 - Details of employees who have joined in a particular month.
Form 10 - Details of employees who have left in a particular month.
These two forms are required to be submitted to the PF Office along with Form 12A and the PF challan every month.
Best Regards,
Prerna
From India, New Delhi
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Very nice presentation and informative too. I would like to add one point which is not mentioned in the presentation:
Form 5 - Details of employees who have joined in a particular month.
Form 10 - Details of employees who have left in a particular month.
These two forms are required to be submitted to the PF Office along with Form 12A and the PF challan every month.
Best Regards,
Prerna
From India, New Delhi
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Hi sanjeev, Can u Please elaborate the Gratuity deduction (4.81%) because in our organisation gratuity comes under benefits not part of CTC. Regards, Prerna
From India, New Delhi
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From India, New Delhi
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Dear Prerna,
The correct way to calculate the gratuity is as per the following formula: 15/26 x GS x SER.
Gratuity Salary (GS): Last drawn basic salary including dearness allowance (if any).
Gratuity Service (SER): Completed years of continuous service with part thereof in excess of six months.
Regards, Sanjeev
From India, Mumbai
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The correct way to calculate the gratuity is as per the following formula: 15/26 x GS x SER.
Gratuity Salary (GS): Last drawn basic salary including dearness allowance (if any).
Gratuity Service (SER): Completed years of continuous service with part thereof in excess of six months.
Regards, Sanjeev
From India, Mumbai
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Hi kavitha The ESI will be on Rs.15,000/- gross salary only, more than that who draws will not be eligible for ESI. Rgds Ganesh
From India, Hyderabad
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From India, Hyderabad
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can we calculate gratuity in percentage what % of Gratuity of salary
From India, Chandigarh
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From India, Chandigarh
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Salary deductions typically include various components such as:
- PF: 12% of basic salary
- PT: As per the respective state government structure
- TDS: Deducted based on the salary range
- ESI: 1.75% of gross from the employee and 4.75% of gross from the employer
- LWF: Labour Welfare Fund (deducted once in six months)
Regards
From India, Solapur
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- PF: 12% of basic salary
- PT: As per the respective state government structure
- TDS: Deducted based on the salary range
- ESI: 1.75% of gross from the employee and 4.75% of gross from the employer
- LWF: Labour Welfare Fund (deducted once in six months)
Regards
From India, Solapur
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What is the percentage of provident fund ,HRA, wash, heat allowance? Esi percent and minimum date of working required for Esi and pf
From India, Chennai
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From India, Chennai
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In current company grauity is cal as per act ie 4.81% but new recuiter is calculating almost 8% of basic as a grauity . So is it a good thing to consider ?
From India, undefined
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From India, undefined
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In the current company, gratuity is calculated as per the act, i.e., 4.81%. However, the new recruiter is calculating almost 8% of the basic as gratuity. My basic salary has been reduced by almost 25k from the current one. So, are these things considered good? Should I accept the offer, and what points should be kept in mind while accepting the offer?
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ESI-PF-Gratuity .xls
PF & ESI.zip
Presentation PF&ESI.ppt