HR Forum topics Started by Karthik Ravi
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The difference between US and Indian payroll is given below.
The components in US has basic pay, Conveyance and federal, state and local tax, garnishment deduction but in India has basic pay, HRA, Conveyance and Professional tax, PF, ESI and Income Tax.
Benefits are different. Rest all will be same process.
Regards
Karthik
The components in US has basic pay, Conveyance and federal, state and local tax, garnishment deduction but in India has basic pay, HRA, Conveyance and Professional tax, PF, ESI and Income Tax.
Benefits are different. Rest all will be same process.
Regards
Karthik
Hi Kanika,
Please check in the Most Popular HR Forum Topics to know about Salary and Other HR activities....
Regards
Karthik
Please check in the Most Popular HR Forum Topics to know about Salary and Other HR activities....
Regards
Karthik
Yes. You can do First aid and claim from insurance company(Medical insurance) or Medical re-imbursement if amount is less.
Hi Praveen,
Below are the answers inline to my knowledge..!
1. For your easy understanding:
The components Basic, HRA, Conveyance are standard and you can add allowances in gross salary which is paid monthly and its taxable.
LTA and Medical bills are added in CTC(Yearly/Haly-yearly) which is paid against bills. If Bills are not submitted by the employee, then the amount will be paid as allowance at the end of the financial year/half-yearly with tax(Depends upon your co policy). PF(Employer) and other components are also added in CTC.
2. Yes. right but eventhough less than 20, you can take Voluntary PF.
3. LTA not Mandatory.
4. Already explained abt Medical bills in first point.
Regards
Karthik
Below are the answers inline to my knowledge..!
1. For your easy understanding:
The components Basic, HRA, Conveyance are standard and you can add allowances in gross salary which is paid monthly and its taxable.
LTA and Medical bills are added in CTC(Yearly/Haly-yearly) which is paid against bills. If Bills are not submitted by the employee, then the amount will be paid as allowance at the end of the financial year/half-yearly with tax(Depends upon your co policy). PF(Employer) and other components are also added in CTC.
2. Yes. right but eventhough less than 20, you can take Voluntary PF.
3. LTA not Mandatory.
4. Already explained abt Medical bills in first point.
Regards
Karthik
Karthik
Karthik
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