Deductions

Deduction refers to the amount of money which is deducted from salary of an employee. Generally deductions are done in the form of PF, ESIC, PT and TDS as mentioned below:

Provident Fund: 12% of basic and Dearness allowance (DA).

Employee State Insurance Corporation (ESIC): 1.75% of gross salary.

Professional Tax (PT): Vary state wise.

Tax Deducted at Source (TDS): According to tax slab.

One thought on “Deductions”

Leave a Reply