To seniors,

Kindly let me know the answer to the query below. I need the correct answer and details for solving:

Worker Salary - $240/day
Overtime = 1.5 times of salary
Overtime hours = 30 hours
Advance = $1000
Loan = $500
Present day = 25. Also, there are PF and ESIC deductions. Therefore, calculate the net salary.

From India, Mumbai
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jkct15
187

Hi,

Salary = $6000 (240*25)
OT = $1350 (240/8*1.5*30)
Salary+OT = $7350

Deductions:
ESI = $128.62 (6000 + 1350 * 1.75%)
PF = $720 (6000 * 12%)
Loan = $500
Advance = $1000
Total Deduction = $2348.62

Net salary = $5001.37 (7350 - 2348.62)

I hope this clarifies your query.


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