Hi everyone,
Just started my first job, I have two questions,
1. Employer has shown Employer PF contribution of ₹21,600 in CTC & basic pay is ₹105,000 (no DA is there), can someone please break this down for me? As per my understanding it should be 12% from employee side (8% for female employees)+ 3.67%+8.33%+0.50% from employer's side, so total should be around 24.50% (₹25,725)
2. Will be getting paid a net amount of around 1.5L in 4 months (Dec 21-Mar 2022), as this is going to be below the 2.5L threshold, do I need to file any ITR? How can I check if employer is deducting any TDS on salary? Annual CTC package is around 3.6L
CAclubindia
