Things You Must Know About Your Salary Slip

By siliconindia  |   Thursday, 10 September 2015, 00:03 IST
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Second Part - Deduction Part of Your Salary Slip



1 Provident Fund



Many of us know that some amount of your salary is deducted for PF. It is the company policy where a 12 percent of your basic salary is deducted and is put into a government-controlled body. We also have a choice to opt out from the PF scheme.



2 Professional Tax



PT is active in only 16 states of India, which are Karnataka, West Bengal, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, Gujarat, Assam and so on. In this scheme they deduct a few hundred rupees each month from your salary.
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