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WebOct 24, 2024 · EPF = 12% of (basic salary + DA) Total deductions = Professional tax (₹200 per month for salaries above ₹20,000 = ₹2,400 per year) + TDS (10%) + EPF employee contribution (12%) Net salary = Basic salary + allowances – deductions; Salary Deductions for FY 2024-21. Deductions from employee salary is where most of the confusion arises. Provident Fundhighland gift shoppe
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