plz specify the maximum deductions that can be made from an employees salary.
3 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 11 June 2012
Following statutory deductions are required to be made:
PF
PT
Labout Welfare fund(quarterly deduction)
TDS as per the investments made by the employee & submitted to the co
If the employee has taken any loan from his co, the same wud be deducted from his salary.
Vijith
(student)
(46 Points)
Replied 11 June 2012
sir,
what shall be the maximum percent, that can be deducted from the gross salary to get the basic salary?
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 11 June 2012
Do you want to say what salary will be received In-hand instead of basic salary?
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