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?
Answers were Sorted based on User's Feedback
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
Is This Answer Correct ? | 2 Yes | 0 No |
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