Hello members,
A persons gross annual pay is Rs 2,14,257 as calculated below:
Basic pay - 9,800
Conveyance allowance - 800
Medical Allowance - 1250
Other allowance - 2150
Employer's monthly contribution to PF 780
__________
Monthly fixed compensation - 14,000
Annual fixed compensation - 1,68,000
Annual bonus - 33,600
Leave encashment - 7000
gratuity - 5657
____________
Annual CTC - 2,14,257
PF,ESI ( @ 1.75%) & PT are deductible. My doubts are:
1) How much will be deducted for PF & PT ?
2) ESI will be calculated on which figure? basic pay or gross pay?
3) What will be the net monthly salary?
CAclubindia
