Hi,
Can anyone please confirm that what will be the equation for total cah requirement for payroll.
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 30 August 2012
Gross Salary- Statutory Deductions-Other Deductions=Net Pay= Cash required for payment of salaries.
Pulkit Sharma
(CA Practice)
(458 Points)
Replied 31 August 2012
gross salary will be total requirement as statutory deductions are also payable to govt
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