on 2009 Jan 14 10:00 AM
Hi Experts,
Please let me know what are the Statutory Deductions as per Indian Payroll and how there are calculated out side SAP and in SAP
Thank you in Advance,
Awaiting your reply,
Hasini
1) Provident Fund - Employee 12% Employer 12%
2) Employee State Insurance - Employee 1.75% Employer 4.75%
3) Labour Welfare Fund it is fixed Rs.5 per month and it varies
4) Professional Tax It has slabs exmaple after 10000 it will be 250
5) Income Tax for Male below 1.50 lak for female below 1.80 no tax
6) Gratuity It will be calculated on basic only after completion of
5yrs service in a company
Warm Regards
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