How to make calculation of salary for an employee of an
Indian company? Please give me an example to understand,
also consider all the aspect of salary?
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basic+D.A+H.R.A = GROSS SALARY
GROSS-PF-PT= NET SALARY
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / bharathi
FIRST TO ARRIVE THE SALARY - (NO OF WORKING DAYS + PAID LEAVE + PAID HOLIDAYS (25+4+1) = 30 DAYS)25 WORKING DAYS + 4 SUNDAYS + 1 FESTIVAL HOLIDAY = 30 - (NO. OF DAYS WORKED TO BE CALCULATED + PAID HOLIDAYS + FESTIVAL HOLIDAYS TO BE ARRIVED FOR EACH EMPLOYEES) THEN BASIC + DEARNESS ALLOWANCE (IFANY) + HOUSE RENT ALLOWANCE + CONVEYANCE/TRAVELING ALLOWANCE + SHIFT ALLOWANCE ETC TO BE CALCULATED ACCORDING TO THEIR WORKING DAYS LESS: ESI - PROVIDENT FUND - PROFESSIONAL TAX / TAX DEDUCTED AT SOURCE (192B) - ADVANCE = NET SALARY TO BE PAID
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