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Type: HR, Report if not a HR topic
Hi Mahendra,
Have a nice day.......
Thank you reply my query , but actual my question is " Professional Tax & ESIC not deducted on Reimbursement Allowances & i likely know that which that allowances.
Hi Mahendra,
Have a nice day.......
Thank you reply my query , but act... See Jitendra's complete reply
Hi Jitendra
PT is calculated on the overall Gross Earnings.
ESI is calculated on the Gross Earnings where there is exception for Travel allowance, washing allowance etc.
Rgds
Kartheka R
Hi Mahendra
ESIC is calculated on the Gross Salary (Emp:1.75% and Empr:4.75%) and it is applicable to the people whose Gross salary is less than or equal to Rs.10000/-
PT is calculated on the Gross salary of the employee and the PT slab differs State to State.
Only PF is calculated on the Basic Salary(Emp:12% and Empr:13.61%)
Rgds
Kartheka R
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Professional Tax & ESIC
Type: HR, Report if not a HR topic
Posted 12-03-2010Reply
As per my knowledge " Professional Tax & E SIC not deducted on reimbursement component in monthly salary"
Can you someone give idea , those which component in monthly salary ?
Hi Jitendra.
Salary Components:
Basic Means Salary+DA
HRA
TA
Conveyance Allownaces
Medical Allowances
Misc
Note: The above all components called as a Gross Salary for every month.
where net salary=Gross-Deductions(ESIC,PT,PF,LOP)
As per your query PT and ESIC Deducted from every month,because ESIC is statutory,so must and should employer submitted ESIC form to ESIC Office.
Where ESIC is deducted from on Basic Salary(Emp:1.75% and Empr:4.75%)
PT is deducted from on Gross salary
PT Slabs are different from state to state.
If you want more clarification please logon to www.mahendra.co.nr
Regards
Mahendra
Salary Components:
Basic Means Salary+DA
HRA
TA
Conveyance Allownaces
Medical Allowances
Misc
Note: The above all components called as a Gross Salary for every month.
where net salary=Gross-Deductions(ESIC,PT,PF,LOP)
As per your query PT and ESIC Deducted from every month,because ESIC is statutory,so must and should employer submitted ESIC form to ESIC Office.
Where ESIC is deducted from on Basic Salary(Emp:1.75% and Empr:4.75%)
PT is deducted from on Gross salary
PT Slabs are different from state to state.
If you want more clarification please logon to www.mahendra.co.nr
Regards
Mahendra
Hi Mahendra,
Have a nice day.......
Thank you reply my query , but actual my question is " Professional Tax & ESIC not deducted on Reimbursement Allowances & i likely know that which that allowances.
Hi Mahendra,
Have a nice day.......
Thank you reply my query , but act... See Jitendra's complete reply
Hi Jitendra
PT is calculated on the overall Gross Earnings.
ESI is calculated on the Gross Earnings where there is exception for Travel allowance, washing allowance etc.
Rgds
Kartheka R
Hi Mahendra
ESIC is calculated on the Gross Salary (Emp:1.75% and Empr:4.75%) and it is applicable to the people whose Gross salary is less than or equal to Rs.10000/-
PT is calculated on the Gross salary of the employee and the PT slab differs State to State.
Only PF is calculated on the Basic Salary(Emp:12% and Empr:13.61%)
Rgds
Kartheka R
0
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