India’s Payroll Processing: A Comprehensive Step-by-Step Guide
Qandle
AUGUST 3, 2023
Step 4: Deductions and Benefits After calculating the gross salary, the next step is to apply deductions and add any benefits provided by the employer. Statutory contributions such as Provident Fund (PF), Employee State Insurance (ESI), and Professional Tax (PT) are deducted from the gross salary.
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