Interested to Buy Any Domain ? << Click Here >> for more details...
How to Calculate Salary..? What is % will be taken for Basic
Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side
Employer & Employee..
- 4 Answers
- 22593 Views
- Logistics, I also Faced
- E-Mail Answers
Answer Posted / vv siva prasad
there is no exact limit for Basic Salary. It May be either
30%,40% or 50%. And the Same rule applies for DA, Allowance.
They might be 30% and 20% respectively.
1)ESIC Eligibility Should be upto 10000/-(Total Salary). If
exceed, He is not eligible for ESI. % of ESI = 6.5
ESI Employee Contribution 1.75
ESI Employer Contribution 4.75
2)PF eligibility Upto 6500/- (on Basic Salary). %PF = 24
PF Employee contribution =12% (8.33% EPF and 3.67 EPS)
PF Employer contribution =12%
| Is This Answer Correct ? | 9 Yes | 10 No |
Post New Answer View All Answers
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
on what rate depreciation will be calculated?
Financial Accounting
how will decide that vender payment is ok without reco
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
If closing stock is given in adjustments, how we show in tally 9.0 ?
Is it possible contra entry in SAP FICO
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
