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Cognizant
Cognizant
on
CosmicMochi
CosmicMochi
11mo
by
Cognizant

Trending @Cognizant; What will be the inhand salary for this payslip?

Domain - ADM

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11mo ago
DizzySushi
DizzySushi
Cognizant
11mo

42162 In Hand

CosmicMochi
CosmicMochi
Cognizant
11mo

Not 44k?

CosmicMochi
CosmicMochi
Cognizant
11mo

Can you share calculation?

GroovyPotato
GroovyPotato
Cognizant
11mo

See the calculations are something like this:

[ BASIC + HRA + CONVEYANCE ALLOWANCE + SPECIAL ALLOWANCE + ADVANCE STATUTORY BONUS ] - [PROFESIONAL TAX (can vary on your state/location) + PF ]

As per this components:

16200+9720+4625+11761+2000-150(this is for West Bengal per month)-1944(PF) = 42212/- pm

Every one may have different Professional Tax based on there State they are located in and special allowances depending on there domain.

DizzyWalrus
DizzyWalrus
EXL
10mo

If we are not adding PF then why are we substarcting it? Whether we should add and then substract or do not need to consdier PF in above calculation. Right?

JumpySushi
JumpySushi
Accenture
11mo

We have to remove pf only from gross compensation then why should inhand is 42k? Anyone explain

CosmicMochi
CosmicMochi
Cognizant
11mo

I am also confused

JazzySushi
JazzySushi
Cognizant
11mo

We need to remove 1944 twice as your epf will get credited by 3888. In case of PA it's 2350.

PeppyHamster
PeppyHamster
Cognizant
11mo

42362

FloatingBagel
FloatingBagel
PWC
11mo

What if my total compensation is 6,50,004? What will be my in hand salary?

JazzySushi
JazzySushi
Cognizant
11mo

The correct amount should be 42212.
Gross-PF*2-150(P.Tax)

WobblyCoconut
WobblyCoconut
Cognizant
11mo

42362

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