01 January 2015
Salary structure is known to HR. Accordingly the would be salary for the year is calculated. The legitimate deductions are taken into account e.g.pf, lip, ppf etc. (Some companies take declarations from employees about these deductions at the beginning of the year and ask them to produce the proof of payment in due course)
01 January 2015
Yes I appreciate the answer. But I believe that explanation with example will be more useful and provide me better insight. This will also help me in my job.
02 January 2015
Thank you amol sir for the appreciation...atleast there are genuine members like you who really appreciates my efforts rather then doubting the same..thanks to you sir.