How to Calculate Salary..? What is % will be taken for Basic
Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side
Employer & Employee..
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.
Is This Answer Correct ? | 19 Yes | 8 No |
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