How to Calculate Salary..? What is % will be taken for Basic
Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side
Employer & Employee..
- 4 Answers
- 21011 Views
- Logistics, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / koteshwar reddy
Salary is different pay components like
Basic,DA,HRA,Conveyence Allowances,Medical allowamces & etc.
The Sum total of all the Pay components is Gross Salary.
Percentage of the component is User Defined. Ex: Typically
30 - 50 % of gross Salary is Basic.
ESI is caliculated on Gross Salary(Less than 15000 per
Month)
PF is calculatd on Basic Salary.
Employer Contrubution is not included in the Gross Salary.
| Is This Answer Correct ? | 19 Yes | 8 No |
Answer / mallikarjunarao
salary is calculate salary means basis salary +da+allaowance
and pf calculate on basic salary and esic & pf on calculate
on gross salary
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / ravi
basic+da+hra+ta=gross salary
gross-pf-pt-esi-lic=net salary
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / vv siva prasad
there is no exact limit for Basic Salary. It May be either
30%,40% or 50%. And the Same rule applies for DA, Allowance.
They might be 30% and 20% respectively.
1)ESIC Eligibility Should be upto 10000/-(Total Salary). If
exceed, He is not eligible for ESI. % of ESI = 6.5
ESI Employee Contribution 1.75
ESI Employer Contribution 4.75
2)PF eligibility Upto 6500/- (on Basic Salary). %PF = 24
PF Employee contribution =12% (8.33% EPF and 3.67 EPS)
PF Employer contribution =12%
| Is This Answer Correct ? | 9 Yes | 10 No |
At the end of financial year need to verify the all entries in the books of accounts
What is the difference between shares and debenture?
interest on drawing will fall under which group in tally?
what is Service tax rate
When we purchase Some goods Like ( Machinery's) we want to generate way bill ? Kindly Clarify .... Because recently we are purchased medical Equipment for our hospital use but vendor asking Waybill...Shall i give waybill or not Please let me know..?
I have received 75000 as retainer ship fees from ABC company what was the journal entry I have to pass in my books
Explain a time when you have not met your goal?
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books.
Which forms in use in service Tax, Excise duty and Vat for the return.
0 Answers ME, Signac International,
What is American approach? Why do we use it inspite of Modern approach or Enlish approach ?
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
Audit 
