How to Calculate Salary..? What is % will be taken for Basic
Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side
Employer & Employee..
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Answer Posted / 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.
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