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Dear Ms. Uma,
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From India, Visakhapatnam
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From India, Visakhapatnam
Dear Seniors
Can anyone help me out in calculating the salary and also ESI, PF, PT TDS .I mean i need complete help in :
What is meant salary Break Up?
what is meant by CTC,?
Slab Rates in AP?
How to calculate Salary with deductions
Please provide the basic information which a hr should know, who is new to the field.
Regards
Parvathi
From India, Guntur
Can anyone help me out in calculating the salary and also ESI, PF, PT TDS .I mean i need complete help in :
What is meant salary Break Up?
what is meant by CTC,?
Slab Rates in AP?
How to calculate Salary with deductions
Please provide the basic information which a hr should know, who is new to the field.
Regards
Parvathi
From India, Guntur
Dear Parvathi
I am also a fresher in Hr field.. just i wanna share what information i knew..
Seniors excuse me if i say anything wrong and please correct me..
PF- Provident fund ( 12% of employee basic and 13.61% of employer basic)
PT- Profession Tax ( differs by state)
In Andhra Pradesh Profession Tax rates as follows:
upto 1500/- per month - Nil
1500-1999 16/-
2000-2999 25/-
3000-3999 35/-
4000-4999 45/-
5000-5999 60/-
6000-9999 80/-
10000-14999 100/-
15000-19999 150/-
20000 & above 200/-
ESI- Employee State Insurance (1.75% of employee total salary and 4.75% of employer salary)
In a pay slip we have two columns
Earnings and Deductions
Basic PF
HRA PT
Conveyance ESI
Medical Allowance
LTA
Special Allowance
Basic - 30 - 40% of salary
HRA - 50% of Basic in Metro Cities (Hyderabad, Mumbai, Bangalore,Kolkata, Delhi, Chennai..)
40% of Basic in non- Metros
Conveyance - 800 per month
Incase of handicapped 1600 per month
Excess amount treated as taxable
LTA - Leave Travel Allowance can be claimed once in 2 years or twice in 4 years. (For Eligible one)
This is used to reduce tax which can be claimed at the end of the financial year.
Medical allowance - 1250 per month (For Eligible One)
Special allowance - (Gross salary-basic-HRA-Conveyance- LTA)
All this information i got from this site and web...hope useful to you.
From India, Hyderabad
I am also a fresher in Hr field.. just i wanna share what information i knew..
Seniors excuse me if i say anything wrong and please correct me..
PF- Provident fund ( 12% of employee basic and 13.61% of employer basic)
PT- Profession Tax ( differs by state)
In Andhra Pradesh Profession Tax rates as follows:
upto 1500/- per month - Nil
1500-1999 16/-
2000-2999 25/-
3000-3999 35/-
4000-4999 45/-
5000-5999 60/-
6000-9999 80/-
10000-14999 100/-
15000-19999 150/-
20000 & above 200/-
ESI- Employee State Insurance (1.75% of employee total salary and 4.75% of employer salary)
In a pay slip we have two columns
Earnings and Deductions
Basic PF
HRA PT
Conveyance ESI
Medical Allowance
LTA
Special Allowance
Basic - 30 - 40% of salary
HRA - 50% of Basic in Metro Cities (Hyderabad, Mumbai, Bangalore,Kolkata, Delhi, Chennai..)
40% of Basic in non- Metros
Conveyance - 800 per month
Incase of handicapped 1600 per month
Excess amount treated as taxable
LTA - Leave Travel Allowance can be claimed once in 2 years or twice in 4 years. (For Eligible one)
This is used to reduce tax which can be claimed at the end of the financial year.
Medical allowance - 1250 per month (For Eligible One)
Special allowance - (Gross salary-basic-HRA-Conveyance- LTA)
All this information i got from this site and web...hope useful to you.
From India, Hyderabad
Dear Parvathi, Sorry it got messed up.. Earning Basic HRA Conveyance Medical Allowance LTA Special Allowance Deductions PF PT ESI
From India, Hyderabad
From India, Hyderabad
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