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Outsourced payroll solutions and worker benefitsprovider HIVE360 has launched two new solutions as powerful alternatives to the traditional umbrella providers. HIVE360 Umbrella Plus tackles the typical umbrella challenges head on.
Step 4: Deductions and Benefits After calculating the gross salary, the next step is to apply deductions and add any benefitsprovided 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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