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How much percent gratuity can be deduct if basic salary will 6000?
Wiki User
∙ 11y ago
4.81% on basic
Adi
Strateology
Wiki User
∙ 11y ago
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What does Basic salary mean?
Basic salary mean like the average pay. Its typically for the basic worker.
What is Basic Salary and Annual Salary?
Basic and annual salary are the same thing. They are how much a person makes in a year.
Bonus is calculated on gross salary or basic?
BASIC
Is basic and net salary same?
No salary is pre-tax and net is take home.
What is a basic salary?
Basic salary is the amount a person gets paid before any extras are added in. Extras can be things such as commission, incentives, and/or bonuses.
What is the rate of providend fund and employees pention scheme and is it mandatory to deduct 12 percent PF or it may be verry?
It is 12% of basic salary and does not vary
Basic salary 5000 hra 2500 ta 2000 da 1500 total salary 11000 pf deduct basic salary or total salary?
3500
How do you deduct PF contribution for piece rate employee?
You need to fix a certain amount as basic salary if you want to deduct PF. set a minimum number as basic salary and calculate PF on it. The remaining amount based on piece rate can be added a different component in the persons salary
What basis can an employer deduct his share of pf contribution from employees salary?
On the basis of the Basic Salary component that is part of the salary. The amount contributed is 12% of the basic salary from employee as well as an equal contribution by the employer
Is is fair to deduct the basic salary?
If you mean deducting minimum wage, yes it is. It's also illegal..
What is the employer's contribution to PF as a percent of of salary?
12% of the basic salary
What will the gratuity after 5 years if your basic and DA is 10000Per month?
After exact 5 yrs if the Basic+DA is Rs. 10,000/- the gratuity would be Rs.28,846/-
What percent should you deuct in Provident fund challan?
12% of the basic salary
How much your new employer can deduct for employee provident fund for partial month working?
PF contributions depends on you basic salary. Eg. if you have worked for 15 days , then on 15 days basic, your pf contribution will be calculated i.e 13.61%of basic .
How much provident fund deduct form 10000 salary?
If your Basic Salary is Rs. 10,000/- 12% of your Basic Salary works out to Rs. 1,200/- 3.67% of your Basic Salary works out to Rs. 367/- 8.33% of your Basic Salary comes to Rs. 833/- which is higher than the limit of Rs. 541/- So, your Employer will contribute Rs. 541/- towards EPS and contribute Rs. 659/- towards EPF (Rs. 367/- + Rs. 292/-)
What is the gross weekly salary when it is a basic weekly salary of 1150 plus 7 percent commission on sales of 6329?
salary = 1150 + 7% of 6329 = 1150 + 7/100 × 6329 = 1593.03
How you calculate gratuity amount working in a Private Limited company in India?
Gratuity is calculated on your last drawn salary. In this case, your basic pay and your Dearness allowance (DA) is taken into consideration. The main formula is Grad = {(Basic Pay+DA)/ 26} *15*No. of years served in the organization. Usually the number of years served is rounded off. i.e. in case you have served for 5 years and 4 months, it will be taken as 6 years.
