Dear Sir,
I needed to understand the term "Consolidated Salary" and what deductions were applicable under this title connecting the Industrial Law as well as the law in connection to the International Schools where Part-Time Teachers are employed.
For a Consolidated Salary of Rs.20,000/- permonth where the teacher is employed 7 days a week as per the Appointment letter what would the deductions be and how would the salary be calculated.
Can PF be deducted? Can TDS be deducted? What would be the percentage of deduction
Kindly reply to me.
Regards,
Barry Boodle
From India, Pune
I needed to understand the term "Consolidated Salary" and what deductions were applicable under this title connecting the Industrial Law as well as the law in connection to the International Schools where Part-Time Teachers are employed.
For a Consolidated Salary of Rs.20,000/- permonth where the teacher is employed 7 days a week as per the Appointment letter what would the deductions be and how would the salary be calculated.
Can PF be deducted? Can TDS be deducted? What would be the percentage of deduction
Kindly reply to me.
Regards,
Barry Boodle
From India, Pune
604
Hello Barry, Consolidated pay means the gross salary . Based on the tax slab you have to deduct Professional tax, PF etc,.
From India, Secunderabad
From India, Secunderabad
Hello,
Consolidated means "Joined together as a whole", in its literal sense.
Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. It consists of all the entitlements joined together, without specifically stating any breakups. It can be stated as consolidated gross and any statutory deductions will be on the consolidated amount.
Subba Rao Bhagavatula
9490115432
From India, Hyderabad
Consolidated means "Joined together as a whole", in its literal sense.
Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. It consists of all the entitlements joined together, without specifically stating any breakups. It can be stated as consolidated gross and any statutory deductions will be on the consolidated amount.
Subba Rao Bhagavatula
9490115432
From India, Hyderabad
Dear sir /Madam, have a good day.. i want one answer about Consolidated Salary . 1) its applicable for deduction for pf & esi 2)special allowance is applicable for consolidated salary ? Mandar Dole
From India, Pune
From India, Pune
Hi sir good evening
I am Working with a autonomous De nova body university under govt of India as lab technician my salary is 12000 consolidated I have working hare since 13/08/2012 to till date. hare open Regular vacancy for same post GP 2800. but condition of the institution those Candidate are eligible for this post they are presently working on 2400GP. Am i also eligible for this same post. because my Qualification and duration of Experience match with the eligibility criteria of the Lab technician post.
From India, Allahabad
I am Working with a autonomous De nova body university under govt of India as lab technician my salary is 12000 consolidated I have working hare since 13/08/2012 to till date. hare open Regular vacancy for same post GP 2800. but condition of the institution those Candidate are eligible for this post they are presently working on 2400GP. Am i also eligible for this same post. because my Qualification and duration of Experience match with the eligibility criteria of the Lab technician post.
From India, Allahabad
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Salary-Note.doc
SALARY SHEET CALCULATION.xls