IF my Salary 150000 PA wat is my Basic salary ,PF,ESI And
Other
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Answer Posted / manoj chandra sharma
It is not mentioned in the question that whether Rs.150000
is gross or net salary
It is presumed that it is Net Salary
So
Let Basic Salary = x
Now
Net Salary=Basic -Employee PF Contribution-Employee ESIC cont.
150000=x-x*12%-x*1.75%
x=173913
therefore basic =173913
pf= 20869
esic=3043
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