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Categories >> Business Management >> Personnel Management


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how can we calculate an employee salary and gratuty
 Question Submitted By :: Personnel-Management
I also faced this Question!!     Answer Posted By  
# 1
The components of salary include
Basic+HRA+Convenyence+Incentive and -PF-ESIC-tax

Than it is the salary which a person get at the end of the
Is This Answer Correct ?    19 Yes 4 No
Vikash Jallandhra
# 2
Any employee salary always came after included and
deduction so many thing like HRA,PF,convance
allowance,taxes if salay will came under tax slab .......
A person is applicable for gratuty only after complition of
5year with a company .....
Is This Answer Correct ?    22 Yes 8 No
# 3
Addition to above...
Gratuity = (((BASIC + DA) * 15)/ 26) * Service Years
Is This Answer Correct ?    7 Yes 2 No

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PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[2000]= Gross [9700] PF 12% = Basic[3000] + DA[2500]= 660 or 12% of the 60% of the Gross Salary Gross Salary(9700x60%)x 12%)= 698 In both of the two amount, PF is taken in whichever is higher? That is PF = 698   3
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