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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



How to make calculation of salary for an employee of an Indian company? Please give me an example ..

Answer / ravipolina

basic+D.A+H.R.A = GROSS SALARY
GROSS-PF-PT= NET SALARY

Is This Answer Correct ?    13 Yes 5 No

How to make calculation of salary for an employee of an Indian company? Please give me an example ..

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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